Rothschild & Co. Asset Management US Inc. decreased its position in shares of Texas Roadhouse Inc (NASDAQ:TXRH) by 13.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 205,743 shares of the restaurant operator’s stock after selling 32,501 shares during the quarter. Rothschild & Co. Asset Management US Inc.’s holdings in Texas Roadhouse were worth $12,795,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quantamental Technologies LLC bought a new position in shares of Texas Roadhouse during the 4th quarter worth $201,000. Sawgrass Asset Management LLC boosted its position in Texas Roadhouse by 8.3% during the fourth quarter. Sawgrass Asset Management LLC now owns 7,485 shares of the restaurant operator’s stock valued at $447,000 after purchasing an additional 575 shares in the last quarter. Vanguard Group Inc boosted its position in Texas Roadhouse by 4.9% during the third quarter. Vanguard Group Inc now owns 6,042,344 shares of the restaurant operator’s stock valued at $418,675,000 after purchasing an additional 284,604 shares in the last quarter. Norges Bank bought a new stake in Texas Roadhouse during the fourth quarter valued at about $43,777,000. Finally, Cipher Capital LP bought a new stake in Texas Roadhouse during the fourth quarter valued at about $235,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ TXRH opened at $53.27 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.89 and a quick ratio of 0.84. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 2.05 and a beta of 0.59. Texas Roadhouse Inc has a fifty-two week low of $51.31 and a fifty-two week high of $75.24.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Monday, April 29th. The restaurant operator reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.12). The business had revenue of $690.61 million during 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%. Texas Roadhouse’s revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.76 EPS. On average, equities analysts anticipate that Texas Roadhouse Inc will post 2.31 earnings per share for the current year.

A number of brokerages recently weighed in on TXRH. BidaskClub downgraded Texas Roadhouse from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. Wells Fargo & Co dropped their price objective on Texas Roadhouse from $63.00 to $58.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 30th. Zacks Investment Research downgraded Texas Roadhouse from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. BTIG Research raised Texas Roadhouse from a “neutral” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Friday, May 17th. Finally, Longbow Research raised Texas Roadhouse from a “neutral” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Tuesday, May 7th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $63.68.

In other Texas Roadhouse news, COO Douglas W. Thompson sold 6,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $59.07, for a total value of $354,420.00. Following the completion of the sale, the chief operating officer now owns 45,530 shares of the company’s stock, valued at $2,689,457.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James R. Zarley purchased 18,900 shares of the stock in a transaction on Wednesday, May 1st. The stock was acquired at an average cost of $52.51 per share, with a total value of $992,439.00. Following the acquisition, the director now owns 113,100 shares of the company’s stock, valued at approximately $5,938,881. The disclosure for this purchase can be found here. 5.89% of the stock is currently owned by company insiders.

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

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