Renaissance Group LLC Purchases 4,239 Shares of Texas Roadhouse, Inc. $TXRH

Renaissance Group LLC lifted its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 8.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,508 shares of the restaurant operator’s stock after purchasing an additional 4,239 shares during the quarter. Renaissance Group LLC owned about 0.08% of Texas Roadhouse worth $8,724,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in TXRH. Insight Wealth Partners LLC boosted its holdings in shares of Texas Roadhouse by 4.3% during the 2nd quarter. Insight Wealth Partners LLC now owns 1,855 shares of the restaurant operator’s stock valued at $348,000 after buying an additional 76 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Texas Roadhouse by 3.1% during the second quarter. NewEdge Advisors LLC now owns 2,499 shares of the restaurant operator’s stock worth $468,000 after acquiring an additional 76 shares in the last quarter. Salomon & Ludwin LLC grew its holdings in Texas Roadhouse by 37.2% in the third quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock worth $50,000 after purchasing an additional 81 shares during the period. Invesco LLC increased its stake in shares of Texas Roadhouse by 4.5% during the third quarter. Invesco LLC now owns 2,086 shares of the restaurant operator’s stock valued at $347,000 after purchasing an additional 89 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC increased its stake in shares of Texas Roadhouse by 5.1% during the second quarter. Linden Thomas Advisory Services LLC now owns 1,999 shares of the restaurant operator’s stock valued at $375,000 after purchasing an additional 97 shares in the last quarter. Institutional investors own 94.82% of the company’s stock.

Wall Street Analyst Weigh In

TXRH has been the topic of several recent research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Texas Roadhouse in a research note on Monday, December 29th. Mizuho raised Texas Roadhouse to a “strong-buy” rating in a research note on Tuesday, October 28th. BMO Capital Markets lifted their price target on Texas Roadhouse from $155.00 to $170.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 6th. Wall Street Zen cut shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Finally, TD Cowen started coverage on shares of Texas Roadhouse in a research note on Tuesday, January 20th. They set a “buy” rating and a $215.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $197.29.

Insider Activity at Texas Roadhouse

In other news, CEO Gerald L. Morgan sold 5,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer directly owned 91,774 shares in the company, valued at $17,987,704. This trade represents a 5.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Hugh J. Carroll sold 1,000 shares of Texas Roadhouse stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $167.27, for a total value of $167,270.00. Following the completion of the sale, the director directly owned 1,854 shares of the company’s stock, valued at $310,118.58. The trade was a 35.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 12,400 shares of company stock worth $2,320,920 over the last quarter. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $190.97 on Friday. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $199.99. The business’s fifty day moving average is $177.66 and its 200 day moving average is $173.70. The stock has a market capitalization of $12.63 billion, a PE ratio of 29.20, a price-to-earnings-growth ratio of 3.04 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.03). Texas Roadhouse had a net margin of 7.49% and a return on equity of 30.59%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the company posted $1.26 EPS. Texas Roadhouse’s revenue was up 12.8% on a year-over-year basis. As a group, sell-side analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse 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.