Eagle Boston Investment Management Inc. purchased a new stake in shares of Texas Roadhouse (NASDAQ:TXRH) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,569 shares of the restaurant operator’s stock, valued at approximately $206,000.
Other large investors also recently added to or reduced their stakes in the company. Silvant Capital Management LLC bought a new position in shares of Texas Roadhouse in the first quarter worth about $450,000. Stevens Capital Management LP bought a new position in shares of Texas Roadhouse in the first quarter worth about $515,000. Engineers Gate Manager LP bought a new position in shares of Texas Roadhouse in the first quarter worth about $1,649,000. Eaton Vance Management boosted its stake in shares of Texas Roadhouse by 30.1% in the first quarter. Eaton Vance Management now owns 768,808 shares of the restaurant operator’s stock worth $44,422,000 after acquiring an additional 177,666 shares during the period. Finally, Chicago Equity Partners LLC boosted its stake in shares of Texas Roadhouse by 11.9% in the first quarter. Chicago Equity Partners LLC now owns 12,855 shares of the restaurant operator’s stock worth $743,000 after acquiring an additional 1,370 shares during the period. 87.84% of the stock is owned by institutional investors and hedge funds.
In other Texas Roadhouse news, Director James R. Zarley sold 10,900 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $56.82, for a total transaction of $619,338.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kathy Widmer sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, March 26th. The shares were sold at an average price of $56.51, for a total value of $452,080.00. Following the sale, the director now owns 10,950 shares in the company, valued at $618,784.50. The disclosure for this sale can be found here. Corporate insiders own 5.89% of the company’s stock.
Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Monday, April 30th. The restaurant operator reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. Texas Roadhouse had a return on equity of 17.97% and a net margin of 6.66%. The business had revenue of $627.70 million for the quarter, compared to the consensus estimate of $626.34 million. During the same period in the prior year, the business posted $0.61 earnings per share. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. research analysts predict that Texas Roadhouse will post 2.38 earnings per share for the current year.
A number of equities analysts have recently weighed in on the company. Stifel Nicolaus upped their price objective on Texas Roadhouse from $62.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, April 18th. Morgan Stanley upped their price objective on Texas Roadhouse from $58.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 1st. Wedbush reaffirmed a “buy” rating and issued a $64.00 price objective on shares of Texas Roadhouse in a research note on Thursday, April 5th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $58.00 price objective on shares of Texas Roadhouse in a research note on Friday, February 23rd. Finally, BidaskClub lowered Texas Roadhouse from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 12th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $61.46.
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 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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