Stevens Capital Management LP Takes Position in Texas Roadhouse Inc (TXRH)

Stevens Capital Management LP purchased a new position in Texas Roadhouse Inc (NASDAQ:TXRH) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 12,213 shares of the restaurant operator’s stock, valued at approximately $846,000.

A number of other large investors have also modified their holdings of the business. Capital Impact Advisors LLC lifted its stake in shares of Texas Roadhouse by 4.6% in the 3rd quarter. Capital Impact Advisors LLC now owns 36,129 shares of the restaurant operator’s stock valued at $2,500,000 after purchasing an additional 1,605 shares in the last quarter. Carillon Tower Advisers Inc. lifted its stake in shares of Texas Roadhouse by 31.1% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 179,844 shares of the restaurant operator’s stock valued at $11,782,000 after purchasing an additional 42,700 shares in the last quarter. Eagle Asset Management Inc. lifted its stake in shares of Texas Roadhouse by 4.5% in the 2nd quarter. Eagle Asset Management Inc. now owns 124,672 shares of the restaurant operator’s stock valued at $8,167,000 after purchasing an additional 5,372 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Texas Roadhouse by 1.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 507,747 shares of the restaurant operator’s stock valued at $33,263,000 after purchasing an additional 5,233 shares in the last quarter. Finally, CSat Investment Advisory L.P. acquired a new position in shares of Texas Roadhouse in the 2nd quarter valued at about $435,000. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:TXRH opened at $63.51 on Friday. The stock has a market cap of $4.65 billion, a P/E ratio of 29.78, a P/E/G ratio of 2.51 and a beta of 0.79. Texas Roadhouse Inc has a one year low of $49.92 and a one year high of $75.24.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Monday, October 29th. The restaurant operator reported $0.40 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.14). The company had revenue of $594.60 million for the quarter, compared to analysts’ expectations of $594.16 million. Texas Roadhouse had a net margin of 6.53% and a return on equity of 17.39%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 earnings per share. As a group, research analysts predict that Texas Roadhouse Inc will post 2.19 earnings per share for the current year.

In other Texas Roadhouse news, COO Douglas W. Thompson sold 10,000 shares of Texas Roadhouse stock in a transaction that occurred on Tuesday, September 25th. The stock was sold at an average price of $68.75, for a total transaction of $687,500.00. Following the sale, the chief operating officer now directly owns 38,519 shares in the company, valued at approximately $2,648,181.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James F. Parker sold 4,250 shares of Texas Roadhouse stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $62.21, for a total value of $264,392.50. Following the sale, the director now owns 87,810 shares in the company, valued at $5,462,660.10. The disclosure for this sale can be found here. Company insiders own 5.89% of the company’s stock.

Several equities analysts have recently weighed in on TXRH shares. BidaskClub raised Texas Roadhouse from a “hold” rating to a “buy” rating in a research note on Saturday, August 18th. Wedbush lowered Texas Roadhouse from an “outperform” rating to a “neutral” rating and set a $67.00 price objective on the stock. in a research note on Monday, September 10th. They noted that the move was a valuation call. Robert W. Baird lowered Texas Roadhouse from an “outperform” rating to a “neutral” rating and set a $74.00 price objective on the stock. in a research note on Monday, September 10th. Stephens lowered Texas Roadhouse from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $75.00 to $70.00 in a research note on Wednesday, September 12th. They noted that the move was a valuation call. Finally, BTIG Research lowered Texas Roadhouse from a “buy” rating to a “neutral” rating in a research note on Thursday, September 13th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $65.00.

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Texas Roadhouse Company Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of February 20, 2018, it owned and operated approximately 550 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

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Want to see what other hedge funds are holding TXRH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Roadhouse Inc (NASDAQ:TXRH).

Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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