Eagle Asset Management Inc. raised its position in Texas Roadhouse Inc (NASDAQ:TXRH) by 2.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,525 shares of the restaurant operator’s stock after acquiring an additional 2,853 shares during the quarter. Eagle Asset Management Inc. owned approximately 0.18% of Texas Roadhouse worth $8,836,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the business. Bruderman Asset Management LLC purchased a new position in shares of Texas Roadhouse during the second quarter valued at about $123,000. Zeke Capital Advisors LLC purchased a new position in shares of Texas Roadhouse during the second quarter valued at about $209,000. World Asset Management Inc purchased a new position in shares of Texas Roadhouse during the second quarter valued at about $211,000. Alps Advisors Inc. purchased a new position in shares of Texas Roadhouse during the third quarter valued at about $225,000. Finally, Signition LP purchased a new position in shares of Texas Roadhouse during the third quarter valued at about $232,000. Hedge funds and other institutional investors own 88.93% of the company’s stock.
Several equities analysts recently issued reports on TXRH shares. Stifel Nicolaus boosted their price target on shares of Texas Roadhouse from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, September 26th. BidaskClub cut shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Monday, September 24th. Loop Capital initiated coverage on shares of Texas Roadhouse in a report on Wednesday, October 24th. They issued a “hold” rating and a $73.00 price objective on the stock. Wedbush cut their price objective on shares of Texas Roadhouse from $67.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, October 30th. Finally, Zacks Investment Research cut shares of Texas Roadhouse from a “hold” rating to a “strong sell” rating in a report on Friday, November 2nd. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $65.00.
Shares of NASDAQ TXRH opened at $64.48 on Friday. The company has a market capitalization of $4.59 billion, a PE ratio of 32.73, a PEG ratio of 2.48 and a beta of 0.77. Texas Roadhouse Inc has a 52-week low of $47.86 and a 52-week high of $75.24.
Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Monday, October 29th. The restaurant operator reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.14). The firm had revenue of $594.60 million during the quarter, compared to the consensus estimate of $594.16 million. Texas Roadhouse had a return on equity of 17.39% and a net margin of 6.53%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.43 EPS. On average, research analysts forecast that Texas Roadhouse Inc will post 2.19 EPS for the current year.
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Texas Roadhouse Company 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 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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