Motley Fool Wealth Management LLC trimmed its position in shares of Texas Roadhouse Inc (NASDAQ:TXRH) by 0.2% during the first quarter, HoldingsChannel reports. The firm owned 195,204 shares of the restaurant operator’s stock after selling 428 shares during the period. Motley Fool Wealth Management LLC’s holdings in Texas Roadhouse were worth $12,140,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in TXRH. JPMorgan Chase & Co. grew its stake in shares of Texas Roadhouse by 12.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,111,471 shares of the restaurant operator’s stock worth $77,014,000 after purchasing an additional 126,398 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of Texas Roadhouse by 0.5% in the 3rd quarter. Teachers Advisors LLC now owns 505,752 shares of the restaurant operator’s stock worth $35,044,000 after purchasing an additional 2,373 shares during the last quarter. Morgan Stanley grew its stake in shares of Texas Roadhouse by 52.2% in the 3rd quarter. Morgan Stanley now owns 405,107 shares of the restaurant operator’s stock worth $28,069,000 after purchasing an additional 139,001 shares during the last quarter. Vanguard Group Inc grew its stake in shares of Texas Roadhouse by 4.9% in the 3rd quarter. Vanguard Group Inc now owns 6,042,344 shares of the restaurant operator’s stock worth $418,675,000 after purchasing an additional 284,604 shares during the last quarter. Finally, Oakbrook Investments LLC acquired a new position in shares of Texas Roadhouse in the 4th quarter worth approximately $269,000. 88.27% of the stock is currently owned by hedge funds and other institutional investors.
Shares of TXRH opened at $54.03 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 1.97 and a beta of 0.59. Texas Roadhouse Inc has a one year low of $52.26 and a one year high of $75.24.
Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Monday, April 29th. The restaurant operator reported $0.70 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.12). The company had revenue of $690.61 million for the quarter, compared to analyst estimates of $693.76 million. Texas Roadhouse had a return on equity of 16.17% and a net margin of 6.11%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 earnings per share. As a group, analysts anticipate that Texas Roadhouse Inc will post 2.31 earnings per share for the current fiscal year.
TXRH has been the subject of several recent analyst reports. ValuEngine cut shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Friday, March 15th. Maxim Group decreased their target price on shares of Texas Roadhouse from $66.00 to $60.00 and set a “hold” rating for the company in a report on Tuesday, April 30th. Stifel Nicolaus cut shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a report on Tuesday, January 22nd. BidaskClub upgraded shares of Texas Roadhouse from a “hold” rating to a “buy” rating in a report on Saturday, February 9th. Finally, Wedbush decreased their target price on shares of Texas Roadhouse from $62.00 to $56.00 and set a “neutral” rating for the company in a report on Tuesday, April 30th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. Texas Roadhouse currently has a consensus rating of “Hold” and an average price target of $63.68.
In related news, COO Douglas W. Thompson sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $59.07, for a total transaction of $354,420.00. Following the completion of the sale, the chief operating officer now directly owns 45,530 shares in the company, valued at $2,689,457.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Scott Matthew Colosi sold 34,247 shares of the firm’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $62.39, for a total transaction of $2,136,670.33. Following the sale, the president now owns 121,388 shares of the company’s stock, valued at $7,573,397.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,247 shares of company stock valued at $2,673,820. 5.89% of the stock is currently owned by corporate insiders.
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About Texas Roadhouse
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 April 29, 2019, it owned and operated approximately 590 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.
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