4,190 Shares in Texas Roadhouse, Inc. $TXRH Acquired by Twin Capital Management Inc.

Twin Capital Management Inc. acquired a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 4,190 shares of the restaurant operator’s stock, valued at approximately $696,000.

Other institutional investors have also recently made changes to their positions in the company. Alliancebernstein L.P. increased its stake in shares of Texas Roadhouse by 528.2% in the second quarter. Alliancebernstein L.P. now owns 3,172,738 shares of the restaurant operator’s stock worth $594,603,000 after buying an additional 2,667,716 shares during the period. AQR Capital Management LLC grew its holdings in Texas Roadhouse by 85.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,343,000 shares of the restaurant operator’s stock worth $439,102,000 after acquiring an additional 1,081,413 shares during the last quarter. Norges Bank bought a new stake in Texas Roadhouse in the 2nd quarter worth $159,007,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Texas Roadhouse by 2,515.2% in the second 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 acquiring an additional 401,098 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Texas Roadhouse by 17.2% during the second quarter. Invesco Ltd. now owns 2,603,729 shares of the restaurant operator’s stock valued at $487,965,000 after acquiring an additional 382,699 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insider Buying and Selling

In other news, Director Hugh J. Carroll sold 1,000 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $167.27, for a total transaction of $167,270.00. Following the completion of the transaction, the director directly owned 1,854 shares in the company, valued at approximately $310,118.58. This trade represents a 35.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gerald L. Morgan sold 5,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 91,774 shares in the company, valued at approximately $17,987,704. This represents a 5.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 12,400 shares of company stock valued at $2,320,920 over the last quarter. Corporate insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on TXRH shares. UBS Group reissued a “buy” rating on shares of Texas Roadhouse in a research note on Monday, November 10th. Zacks Research upgraded Texas Roadhouse from a “strong sell” rating to a “hold” rating in a report on Thursday, January 8th. Mizuho raised Texas Roadhouse to a “strong-buy” rating in a research note on Tuesday, October 28th. Weiss Ratings restated a “buy (b-)” rating on shares of Texas Roadhouse in a report on Monday, December 29th. Finally, Royal Bank Of Canada cut their price target on shares of Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating on the stock in a report on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, Texas Roadhouse has an average rating of “Moderate Buy” and a consensus target price of $197.29.

Texas Roadhouse Stock Up 2.7%

Shares of TXRH stock opened at $190.97 on Friday. The business’s fifty day moving average is $177.66 and its 200 day moving average is $173.63. The stock has a market cap of $12.63 billion, a price-to-earnings ratio of 29.20, a PEG ratio of 3.12 and a beta of 0.88. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Texas Roadhouse had a return on equity of 30.59% and a net margin of 7.49%.The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 earnings per share. Equities research analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Company 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.