Texas Roadhouse Inc (TXRH) Shares Sold by SG Americas Securities LLC

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SG Americas Securities LLC cut its stake in Texas Roadhouse Inc (NASDAQ:TXRH) by 62.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,852 shares of the restaurant operator’s stock after selling 19,428 shares during the period. SG Americas Securities LLC’s holdings in Texas Roadhouse were worth $737,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TXRH. Ellis Investment Partners LLC bought a new stake in shares of Texas Roadhouse in the 1st quarter valued at about $55,000. BNP Paribas Arbitrage SA raised its holdings in shares of Texas Roadhouse by 1,193.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 14,242 shares of the restaurant operator’s stock valued at $886,000 after purchasing an additional 13,141 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of Texas Roadhouse by 169.6% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 44,681 shares of the restaurant operator’s stock valued at $2,779,000 after purchasing an additional 28,110 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of Texas Roadhouse by 3.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 34,177 shares of the restaurant operator’s stock valued at $2,126,000 after purchasing an additional 1,238 shares during the period. Finally, Pennsylvania Trust Co bought a new stake in shares of Texas Roadhouse in the 1st quarter valued at about $344,000. 88.27% of the stock is owned by hedge funds and other institutional investors.

In related news, COO Douglas W. Thompson sold 6,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $59.07, for a total transaction of $354,420.00. Following the sale, the chief operating officer now owns 45,530 shares in the company, valued at approximately $2,689,457.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Scott Matthew Colosi sold 34,247 shares of the firm’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $62.39, for a total transaction of $2,136,670.33. Following the completion of the sale, the president now owns 121,388 shares in the company, valued at approximately $7,573,397.32. The disclosure for this sale can be found here. Insiders have sold a total of 43,247 shares of company stock worth $2,673,820 in the last quarter. 5.89% of the stock is currently owned by company insiders.

NASDAQ TXRH opened at $54.66 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51. The company has a market cap of $3.79 billion, a P/E ratio of 24.85, a PEG ratio of 1.93 and a beta of 0.59. Texas Roadhouse Inc has a 1 year low of $52.26 and a 1 year high of $75.24.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Monday, April 29th. The restaurant operator reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.12). The firm had revenue of $690.61 million for the quarter, compared to analyst estimates of $693.76 million. Texas Roadhouse had a return on equity of 16.17% and a net margin of 6.11%. The business’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.76 EPS. Equities analysts expect that Texas Roadhouse Inc will post 2.31 EPS for the current year.

A number of equities research analysts have recently issued reports on the stock. BTIG Research raised shares of Texas Roadhouse from a “neutral” rating to a “buy” rating and set a $64.00 target price on the stock in a report on Friday. Robert W. Baird raised shares of Texas Roadhouse from a “neutral” rating to an “outperform” rating and increased their price target for the company from $61.00 to $65.00 in a report on Monday, May 13th. Longbow Research raised shares of Texas Roadhouse from a “neutral” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Tuesday, May 7th. Zacks Investment Research cut shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Stifel Nicolaus lowered their price target on shares of Texas Roadhouse from $70.00 to $60.00 and set a “hold” rating on the stock in a report on Tuesday, April 30th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $63.68.

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About Texas Roadhouse

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 April 29, 2019, it owned and operated approximately 590 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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