Russell Investments Group Ltd. Sells 7,894 Shares of Texas Roadhouse Inc (TXRH)

Russell Investments Group Ltd. reduced its position in shares of Texas Roadhouse Inc (NASDAQ:TXRH) by 9.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 77,761 shares of the restaurant operator’s stock after selling 7,894 shares during the quarter. Russell Investments Group Ltd.’s holdings in Texas Roadhouse were worth $5,387,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Bruderman Asset Management LLC bought a new stake in Texas Roadhouse during the 2nd quarter worth about $123,000. Cornerstone Wealth Management LLC bought a new stake in Texas Roadhouse during the 2nd quarter worth about $200,000. Zeke Capital Advisors LLC bought a new stake in Texas Roadhouse during the 2nd quarter worth about $209,000. World Asset Management Inc bought a new stake in Texas Roadhouse during the 2nd quarter worth about $211,000. Finally, Alps Advisors Inc. bought a new stake in Texas Roadhouse during the 3rd quarter worth about $225,000. 88.93% of the stock is owned by hedge funds and other institutional investors.

In related news, Director James F. Parker sold 4,250 shares of the stock in a transaction that occurred on Wednesday, October 31st. The stock was 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 of the company’s stock, valued at approximately $5,462,660.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Douglas W. Thompson sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 25th. The stock was sold at an average price of $68.75, for a total value of $687,500.00. Following the sale, the chief operating officer now directly owns 38,519 shares of the company’s stock, valued at $2,648,181.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,250 shares of company stock valued at $1,169,393. 5.89% of the stock is currently owned by company insiders.

Shares of TXRH stock opened at $64.48 on Friday. The stock has a market capitalization of $4.59 billion, a PE ratio of 29.44, a P/E/G ratio of 2.48 and a beta of 0.77. Texas Roadhouse Inc has a one year low of $47.86 and a one year high of $75.24.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Monday, October 29th. The restaurant operator reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.14). The company had revenue of $594.60 million during the quarter, compared to the consensus estimate of $594.16 million. Texas Roadhouse had a net margin of 6.53% and a return on equity of 17.39%. The business’s revenue was up 10.0% compared to the same quarter last year. During the same period last year, the company earned $0.43 earnings per share. On average, sell-side analysts predict that Texas Roadhouse Inc will post 2.19 earnings per share for the current year.

Several brokerages have weighed in on TXRH. Wells Fargo & Co dropped their price objective on Texas Roadhouse from $63.00 to $61.00 and set a “market perform” rating for the company in a report on Tuesday, July 31st. BMO Capital Markets dropped their price objective on Texas Roadhouse from $64.00 to $62.00 and set a “hold” rating for the company in a report on Tuesday, July 31st. Stephens cut Texas Roadhouse from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $75.00 to $70.00 in a report on Wednesday, September 12th. They noted that the move was a valuation call. Zacks Investment Research cut Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Saturday, July 28th. Finally, Wedbush dropped their price objective on Texas Roadhouse from $73.00 to $67.00 and set an “outperform” rating for the company in a report on Tuesday, July 31st. Four equities 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 given a strong buy rating to the stock. Texas Roadhouse has a consensus rating of “Hold” and a consensus target price of $65.00.

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

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