Landscape Capital Management L.L.C. Buys New Shares in Texas Roadhouse Inc (NASDAQ:TXRH)

Landscape Capital Management L.L.C. acquired a new stake in Texas Roadhouse Inc (NASDAQ:TXRH) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 72,953 shares of the restaurant operator’s stock, valued at approximately $3,915,000. Landscape Capital Management L.L.C. owned 0.10% of Texas Roadhouse at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in TXRH. Marshall Wace LLP grew its position in shares of Texas Roadhouse by 377.5% in the 1st quarter. Marshall Wace LLP now owns 617,814 shares of the restaurant operator’s stock valued at $38,421,000 after acquiring an additional 488,417 shares during the period. Ardevora Asset Management LLP boosted its holdings in shares of Texas Roadhouse by 38.6% during the 2nd quarter. Ardevora Asset Management LLP now owns 756,520 shares of the restaurant operator’s stock worth $40,602,000 after buying an additional 210,500 shares during the period. Neuberger Berman Group LLC boosted its holdings in shares of Texas Roadhouse by 10.0% during the 1st quarter. Neuberger Berman Group LLC now owns 2,140,950 shares of the restaurant operator’s stock worth $133,146,000 after buying an additional 195,111 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Texas Roadhouse by 19.0% during the 1st quarter. Nordea Investment Management AB now owns 1,150,335 shares of the restaurant operator’s stock worth $71,538,000 after buying an additional 183,465 shares during the period. Finally, Citigroup Inc. boosted its holdings in shares of Texas Roadhouse by 1,217.8% during the 1st quarter. Citigroup Inc. now owns 179,833 shares of the restaurant operator’s stock worth $11,183,000 after buying an additional 166,187 shares during the period. 87.64% of the stock is owned by institutional investors.

Shares of NASDAQ:TXRH traded down $0.84 during trading on Thursday, reaching $49.94. The stock had a trading volume of 27,641 shares, compared to its average volume of 1,056,761. The business’s fifty day moving average is $54.33. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 0.58. Texas Roadhouse Inc has a 52 week low of $50.76 and a 52 week high of $75.24. The stock has a market capitalization of $3.73 billion, a PE ratio of 22.73, a price-to-earnings-growth ratio of 2.07 and a beta of 0.60.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Monday, July 29th. The restaurant operator reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.01. Texas Roadhouse had a net margin of 5.99% and a return on equity of 16.30%. The company had revenue of $689.80 million for the quarter, compared to analyst estimates of $688.11 million. During the same period in the prior year, the firm posted $0.62 EPS. The company’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, research analysts predict that Texas Roadhouse Inc will post 2.3 earnings per share for the current year.

In related news, insider S. Chris Jacobsen sold 2,500 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $60.00, for a total transaction of $150,000.00. Following the transaction, the insider now owns 21,197 shares in the company, valued at approximately $1,271,820. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gregory N. Moore sold 23,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $55.53, for a total transaction of $1,277,190.00. The disclosure for this sale can be found here. Corporate insiders own 5.89% of the company’s stock.

TXRH has been the subject of several research analyst reports. UBS Group reduced their target price on shares of Texas Roadhouse from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Deutsche Bank initiated coverage on shares of Texas Roadhouse in a report on Friday, June 28th. They set a “hold” rating and a $56.00 target price for the company. BTIG Research raised shares of Texas Roadhouse from a “neutral” rating to a “buy” rating and set a $64.00 target price for the company in a report on Friday, May 17th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $60.00 target price (up previously from $58.00) on shares of Texas Roadhouse in a report on Tuesday, July 30th. Finally, BidaskClub raised shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the company’s stock. Texas Roadhouse currently has an average rating of “Hold” and a consensus target price of $62.70.

Texas Roadhouse 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 April 29, 2019, it owned and operated approximately 590 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

Further Reading: Net Income

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

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