Rice Hall James & Associates LLC boosted its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.2% during the second quarter, Holdings Channel reports. The institutional investor owned 441,262 shares of the restaurant operator’s stock after buying an additional 921 shares during the period. Texas Roadhouse makes up approximately 1.0% of Rice Hall James & Associates LLC’s portfolio, making the stock its 24th largest position. Rice Hall James & Associates LLC’s holdings in Texas Roadhouse were worth $22,482,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC increased its position 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. Seven Bridges Advisors LLC increased its position in Texas Roadhouse by 0.5% in the second quarter. Seven Bridges Advisors LLC now owns 8,077 shares of the restaurant operator’s stock worth $412,000 after buying an additional 39 shares in the last quarter. PNC Financial Services Group Inc. increased its position 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. increased its position 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. Finally, Public Employees Retirement System of Ohio increased its position 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. Hedge funds and other institutional investors own 88.87% of the company’s stock.

Shares of Texas Roadhouse, Inc. (NASDAQ TXRH) opened at 48.94 on Friday. The company has a market capitalization of $3.48 billion, a P/E ratio of 29.46 and a beta of 0.54. The stock’s 50 day moving average price is $49.86 and its 200 day moving average price is $47.24. Texas Roadhouse, Inc. has a 52-week low of $37.23 and a 52-week high of $51.91.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Monday, July 31st. The restaurant operator reported $0.53 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. Texas Roadhouse had a return on equity of 16.49% and a net margin of 5.63%. The business had revenue of $566.30 million for the quarter, compared to analyst estimates of $563.23 million. During the same quarter in the prior year, the company posted $0.47 EPS. The company’s quarterly revenue was up 11.3% on a year-over-year basis. On average, equities research analysts forecast that Texas Roadhouse, Inc. will post $1.93 earnings per share for the current fiscal year.

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A number of research firms have recently commented on TXRH. Zacks Investment Research upgraded Texas Roadhouse from a “sell” rating to a “hold” rating in a research report on Thursday, May 4th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Texas Roadhouse in a research report on Tuesday, July 25th. Canaccord Genuity increased their target price on Texas Roadhouse from $42.00 to $49.00 and gave the company a “hold” rating in a research report on Wednesday, May 3rd. Barclays PLC increased their target price on Texas Roadhouse from $47.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, May 2nd. Finally, BMO Capital Markets reiterated a “buy” rating and set a $58.00 target price on shares of Texas Roadhouse in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Texas Roadhouse currently has a consensus rating of “Hold” and an average target price of $50.11.

In other news, Director Kathy Widmer sold 5,200 shares of the company’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $48.97, for a total value of $254,644.00. Following the transaction, the director now owns 13,750 shares of the company’s stock, valued at approximately $673,337.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 7.40% of the company’s stock.

Texas Roadhouse Company Profile

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

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