Twin Capital Management Inc. Acquires New Shares in Texas Roadhouse, Inc. $TXRH

Twin Capital Management Inc. purchased a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,190 shares of the restaurant operator’s stock, valued at approximately $696,000.

Other hedge funds also recently modified their holdings of the company. Alliancebernstein L.P. lifted its holdings in Texas Roadhouse by 528.2% during the 2nd quarter. Alliancebernstein L.P. now owns 3,172,738 shares of the restaurant operator’s stock worth $594,603,000 after buying an additional 2,667,716 shares during the period. AQR Capital Management LLC grew its stake in Texas Roadhouse by 85.7% in the second quarter. AQR Capital Management LLC now owns 2,343,000 shares of the restaurant operator’s stock valued at $439,102,000 after acquiring an additional 1,081,413 shares during the period. Norges Bank acquired a new stake in Texas Roadhouse in the 2nd quarter valued at $159,007,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Texas Roadhouse by 2,515.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 417,045 shares of the restaurant operator’s stock valued at $78,158,000 after buying an additional 401,098 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Texas Roadhouse by 17.2% during the 2nd quarter. Invesco Ltd. now owns 2,603,729 shares of the restaurant operator’s stock valued at $487,965,000 after purchasing an additional 382,699 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insider Buying and Selling at Texas Roadhouse

In related news, CEO Gerald L. Morgan sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $196.00, for a total value of $980,000.00. Following the completion of the sale, the chief executive officer owned 91,774 shares in the company, valued at $17,987,704. The trade was a 5.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gregory N. Moore sold 1,400 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $170.00, for a total transaction of $238,000.00. Following the completion of the sale, the director owned 32,150 shares of the company’s stock, valued at approximately $5,465,500. The trade was a 4.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 12,400 shares of company stock worth $2,320,920 over the last 90 days. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

NASDAQ TXRH opened at $190.97 on Friday. The company’s 50 day simple moving average is $177.66 and its two-hundred day simple moving average is $173.63. The stock has a market capitalization of $12.63 billion, a PE ratio of 29.20, a P/E/G ratio of 3.12 and a beta of 0.88. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.03). Texas Roadhouse had a return on equity of 30.59% and a net margin of 7.49%.The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the company posted $1.26 EPS. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TXRH. BMO Capital Markets raised their price objective on Texas Roadhouse from $155.00 to $170.00 and gave the company a “market perform” rating in a research note on Tuesday, January 6th. Sanford C. Bernstein set a $185.00 price target on shares of Texas Roadhouse in a research note on Wednesday, January 7th. UBS Group reiterated a “buy” rating on shares of Texas Roadhouse in a research note on Monday, November 10th. Royal Bank Of Canada dropped their price target on Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th. Finally, Mizuho upgraded Texas Roadhouse to a “strong-buy” rating in a research note on Tuesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $197.29.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.