Texas Roadhouse, Inc. $TXRH Shares Sold by Savant Capital LLC

Savant Capital LLC cut its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 32.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,445 shares of the restaurant operator’s stock after selling 16,849 shares during the quarter. Savant Capital LLC owned approximately 0.05% of Texas Roadhouse worth $5,889,000 at the end of the most recent quarter.

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

Texas Roadhouse Stock Up 0.3%

Shares of TXRH stock opened at $185.96 on Friday. The company has a market capitalization of $12.30 billion, a price-to-earnings ratio of 28.43, a P/E/G ratio of 3.03 and a beta of 0.88. The firm has a fifty day moving average of $177.35 and a 200-day moving average of $173.64. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last posted 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). The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. Texas Roadhouse had a net margin of 7.49% and a return on equity of 30.59%. Texas Roadhouse’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter last year, the business earned $1.26 earnings per share. On average, equities analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on TXRH. Weiss Ratings reiterated a “buy (b-)” rating on shares of Texas Roadhouse in a research report on Monday, December 29th. BMO Capital Markets upped their target price on Texas Roadhouse from $155.00 to $170.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 6th. Royal Bank Of Canada cut their price objective on Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. Stephens cut their target price on Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Finally, Morgan Stanley upped their price objective on Texas Roadhouse from $205.00 to $208.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Texas Roadhouse currently has an average rating of “Moderate Buy” and a consensus target price of $197.29.

Insider Activity at Texas Roadhouse

In other news, Director Gregory N. Moore sold 1,400 shares of Texas Roadhouse stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $170.00, for a total transaction of $238,000.00. Following the sale, the director directly owned 32,150 shares of the company’s stock, valued at approximately $5,465,500. This trade represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Hugh J. Carroll sold 1,000 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $167.27, for a total value of $167,270.00. Following the completion of the transaction, the director directly owned 1,854 shares in the company, valued at approximately $310,118.58. This represents a 35.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,400 shares of company stock valued at $2,320,920 over the last three months. 0.50% of the stock is owned by insiders.

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.