NN Investment Partners Holdings N.V. lowered its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,870 shares of the restaurant operator’s stock after selling 285 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Texas Roadhouse were worth $860,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the stock. Northwestern Mutual Investment Management Company LLC raised its stake in Texas Roadhouse by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 11,092 shares of the restaurant operator’s stock worth $494,000 after buying an additional 32 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Texas Roadhouse by 0.3% in the first quarter. PNC Financial Services Group Inc. now owns 27,680 shares of the restaurant operator’s stock worth $1,232,000 after buying an additional 78 shares in the last quarter. Genesee Valley Trust Co. raised its stake in Texas Roadhouse by 1.6% in the first quarter. Genesee Valley Trust Co. now owns 7,457 shares of the restaurant operator’s stock worth $332,000 after buying an additional 121 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Texas Roadhouse by 4.3% in the first quarter. Public Employees Retirement System of Ohio now owns 3,393 shares of the restaurant operator’s stock worth $151,000 after buying an additional 141 shares in the last quarter. Finally, Profund Advisors LLC raised its stake in Texas Roadhouse by 1.5% in the first quarter. Profund Advisors LLC now owns 11,734 shares of the restaurant operator’s stock worth $523,000 after buying an additional 171 shares in the last quarter. Institutional investors and hedge funds own 88.37% of the company’s stock.
Texas Roadhouse, Inc. (NASDAQ:TXRH) traded up 1.33% during mid-day trading on Thursday, reaching $48.92. 76,375 shares of the company’s stock traded hands. Texas Roadhouse, Inc. has a 1-year low of $37.23 and a 1-year high of $51.91. The stock has a market cap of $3.47 billion, a P/E ratio of 30.37 and a beta of 0.55. The firm has a 50-day moving average price of $50.01 and a 200-day moving average price of $47.15.
Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Monday, July 31st. The restaurant operator reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. The company had revenue of $566.30 million during the quarter, compared to analysts’ expectations of $563.23 million. Texas Roadhouse had a net margin of 5.63% and a return on equity of 16.75%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the business earned $0.47 EPS. Equities research analysts anticipate that Texas Roadhouse, Inc. will post $1.93 EPS for the current fiscal year.
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A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Thursday, May 4th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Texas Roadhouse in a report on Tuesday, July 25th. BMO Capital Markets restated a “buy” rating and set a $58.00 price target on shares of Texas Roadhouse in a report on Wednesday. Canaccord Genuity boosted their price target on shares of Texas Roadhouse from $42.00 to $49.00 and gave the company a “hold” rating in a report on Wednesday, May 3rd. Finally, Barclays PLC boosted their price target on shares of Texas Roadhouse from $47.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, May 2nd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $50.11.
In other news, General Counsel Celia Catlett sold 1,837 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $49.95, for a total transaction of $91,758.15. Following the completion of the transaction, the general counsel now directly owns 10,000 shares of the company’s stock, valued at approximately $499,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kathy Widmer sold 5,200 shares of the firm’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $48.97, for a total transaction of $254,644.00. Following the completion of the transaction, the director now directly owns 13,750 shares of the company’s stock, valued at $673,337.50. The disclosure for this sale can be found here. Insiders have sold a total of 17,037 shares of company stock valued at $841,802 over the last ninety days. Company insiders own 7.40% of the company’s stock.
About Texas Roadhouse
Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.
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