Texas Roadhouse Inc (TXRH) Stake Lowered by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. reduced its stake in Texas Roadhouse Inc (NASDAQ:TXRH) by 44.0% during the 3rd quarter, Holdings Channel reports. The fund owned 59,315 shares of the restaurant operator’s stock after selling 46,567 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Texas Roadhouse were worth $4,110,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TXRH. FMR LLC lifted its holdings in shares of Texas Roadhouse by 44.9% in the 2nd quarter. FMR LLC now owns 2,170,345 shares of the restaurant operator’s stock worth $142,179,000 after acquiring an additional 672,768 shares during the last quarter. OppenheimerFunds Inc. lifted its holdings in shares of Texas Roadhouse by 131.5% in the 2nd quarter. OppenheimerFunds Inc. now owns 655,595 shares of the restaurant operator’s stock worth $42,948,000 after acquiring an additional 372,362 shares during the last quarter. GW&K Investment Management LLC lifted its holdings in shares of Texas Roadhouse by 43.0% in the 3rd quarter. GW&K Investment Management LLC now owns 1,001,594 shares of the restaurant operator’s stock worth $69,400,000 after acquiring an additional 301,378 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Texas Roadhouse by 12.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,111,471 shares of the restaurant operator’s stock worth $77,014,000 after buying an additional 126,398 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in Texas Roadhouse by 119.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 224,870 shares of the restaurant operator’s stock worth $14,732,000 after buying an additional 122,405 shares during the period. Hedge funds and other institutional investors own 88.93% of the company’s stock.

In other Texas Roadhouse news, insider S. Chris Jacobsen sold 1,500 shares of the stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $75.00, for a total value of $112,500.00. Following the sale, the insider now directly owns 13,533 shares of the company’s stock, valued at approximately $1,014,975. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James F. Parker sold 4,250 shares of the stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $62.21, for a total transaction of $264,392.50. Following the completion of the sale, the director now directly owns 87,810 shares in the company, valued at $5,462,660.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,250 shares of company stock worth $1,169,393. Insiders own 5.89% of the company’s stock.

Shares of NASDAQ:TXRH opened at $64.18 on Friday. Texas Roadhouse Inc has a 52 week low of $47.86 and a 52 week high of $75.24. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of 32.58, a PEG ratio of 2.47 and a beta of 0.77.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Monday, October 29th. The restaurant operator reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.14). Texas Roadhouse had a net margin of 6.53% and a return on equity of 17.39%. The firm had revenue of $594.60 million during the quarter, compared to analysts’ expectations of $594.16 million. During the same period in the prior year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, equities research analysts anticipate that Texas Roadhouse Inc will post 2.19 earnings per share for the current year.

Several equities research analysts recently weighed in on TXRH shares. BidaskClub downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. Zacks Investment Research downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a research note on Saturday, July 28th. Telsey Advisory Group cut their target price on shares of Texas Roadhouse from $70.00 to $65.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 31st. Royal Bank of Canada raised shares of Texas Roadhouse from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $66.00 to $68.00 in a research note on Tuesday, July 31st. Finally, Wedbush cut their target price on shares of Texas Roadhouse from $73.00 to $67.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 31st. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Texas Roadhouse has an average rating of “Hold” and an average target price of $65.00.

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

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