Principal Financial Group Inc. Sells 3,943 Shares of Texas Roadhouse, Inc. $TXRH

Principal Financial Group Inc. reduced its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 147,103 shares of the restaurant operator’s stock after selling 3,943 shares during the period. Principal Financial Group Inc. owned approximately 0.22% of Texas Roadhouse worth $24,441,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Texas Roadhouse by 2,515.2% during the 2nd 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 purchasing an additional 401,098 shares during the period. Symphony Financial Ltd. Co. bought a new position in Texas Roadhouse in the 2nd quarter worth approximately $28,465,000. NorthRock Partners LLC purchased a new stake in Texas Roadhouse during the 2nd quarter valued at approximately $276,000. waypoint wealth counsel bought a new stake in shares of Texas Roadhouse during the second quarter valued at approximately $329,000. Finally, Westfield Capital Management Co. LP raised its position in shares of Texas Roadhouse by 0.5% during the second quarter. Westfield Capital Management Co. LP now owns 705,622 shares of the restaurant operator’s stock valued at $132,241,000 after buying an additional 3,574 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TXRH shares. Mizuho upgraded shares of Texas Roadhouse to a “strong-buy” rating in a research report on Tuesday, October 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of Texas Roadhouse in a report on Monday, December 29th. Royal Bank Of Canada reduced their target price on Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating on the stock in a report on Friday, November 7th. Zacks Research upgraded Texas Roadhouse from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 8th. Finally, Barclays raised their price target on Texas Roadhouse from $170.00 to $185.00 and gave the company an “equal weight” rating in a report on Wednesday, January 7th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $197.29.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $190.97 on Friday. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $199.99. The firm has a market capitalization of $12.63 billion, a P/E ratio of 29.20, a price-to-earnings-growth ratio of 3.12 and a beta of 0.88. The company’s 50-day moving average is $177.66 and its 200 day moving average is $173.63.

Texas Roadhouse (NASDAQ:TXRH) last posted 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 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 period in the prior year, the firm posted $1.26 EPS. The business’s revenue was up 12.8% on a year-over-year basis. Research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, CEO Gerald L. Morgan sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $196.00, for a total transaction of $980,000.00. Following the transaction, the chief executive officer owned 91,774 shares of the company’s stock, valued at approximately $17,987,704. The trade was a 5.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 transaction, the director owned 1,854 shares in the company, valued at approximately $310,118.58. This represents a 35.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 12,400 shares of company stock valued at $2,320,920. 0.50% of the stock is currently owned by insiders.

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.