Texas Roadhouse, Inc. $TXRH Shares Sold by Ranger Investment Management L.P.

Ranger Investment Management L.P. decreased its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 39.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 172,315 shares of the restaurant operator’s stock after selling 112,995 shares during the period. Texas Roadhouse makes up 2.0% of Ranger Investment Management L.P.’s portfolio, making the stock its 15th biggest position. Ranger Investment Management L.P. owned about 0.26% of Texas Roadhouse worth $28,630,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Alliancebernstein L.P. lifted its position in Texas Roadhouse by 528.2% in the second quarter. Alliancebernstein L.P. now owns 3,172,738 shares of the restaurant operator’s stock worth $594,603,000 after purchasing an additional 2,667,716 shares during the period. Invesco Ltd. raised its stake in shares of Texas Roadhouse by 17.2% in the 2nd quarter. Invesco Ltd. now owns 2,603,729 shares of the restaurant operator’s stock worth $487,965,000 after buying an additional 382,699 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Texas Roadhouse by 85.7% in the second quarter. AQR Capital Management LLC now owns 2,343,000 shares of the restaurant operator’s stock valued at $439,102,000 after buying an additional 1,081,413 shares during the period. Geode Capital Management LLC boosted its stake in Texas Roadhouse by 1.5% during the second quarter. Geode Capital Management LLC now owns 1,302,021 shares of the restaurant operator’s stock valued at $244,048,000 after buying an additional 19,296 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Texas Roadhouse by 9.7% during the second quarter. Franklin Resources Inc. now owns 1,011,630 shares of the restaurant operator’s stock valued at $189,590,000 after buying an additional 89,632 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Texas Roadhouse news, CEO Gerald L. Morgan sold 5,000 shares of Texas Roadhouse stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $196.00, for a total value of $980,000.00. Following the completion of the sale, the chief executive officer directly owned 91,774 shares in the company, valued at $17,987,704. The trade was a 5.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hugh J. Carroll sold 1,000 shares of Texas Roadhouse stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $167.27, for a total transaction of $167,270.00. Following the completion of the sale, the director directly owned 1,854 shares of the company’s stock, valued at approximately $310,118.58. The trade was a 35.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 12,400 shares of company stock worth $2,320,920 in the last three months. 0.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on TXRH shares. The Goldman Sachs Group increased their target price on shares of Texas Roadhouse from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. TD Cowen began coverage on Texas Roadhouse in a research report on Tuesday, January 20th. They set a “buy” rating and a $215.00 price objective for the company. Mizuho raised Texas Roadhouse to a “strong-buy” rating in a report on Tuesday, October 28th. Barclays increased their price target on Texas Roadhouse from $170.00 to $185.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 7th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Texas Roadhouse in a report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, Texas Roadhouse presently has a consensus rating of “Moderate Buy” and an average target price of $197.29.

Texas Roadhouse Stock Up 1.3%

Texas Roadhouse stock opened at $187.95 on Friday. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $199.99. The stock has a market cap of $12.43 billion, a P/E ratio of 28.51, a P/E/G ratio of 3.03 and a beta of 0.88. The company’s fifty day simple moving average is $177.35 and its 200-day simple moving average is $173.64.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). Texas Roadhouse had a net margin of 7.49% and a return on equity of 30.59%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the business posted $1.26 EPS. Texas Roadhouse’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, equities research analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.