Chatham Capital Group Inc. Sells 1,200 Shares of Texas Roadhouse Inc (TXRH)

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Chatham Capital Group Inc. lessened its holdings in Texas Roadhouse Inc (NASDAQ:TXRH) by 5.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,027 shares of the restaurant operator’s stock after selling 1,200 shares during the period. Chatham Capital Group Inc.’s holdings in Texas Roadhouse were worth $1,526,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Atria Investments LLC raised its stake in Texas Roadhouse by 16.5% during the 3rd quarter. Atria Investments LLC now owns 6,582 shares of the restaurant operator’s stock worth $456,000 after acquiring an additional 930 shares during the period. Legal & General Group Plc raised its stake in Texas Roadhouse by 1.4% during the 2nd quarter. Legal & General Group Plc now owns 69,309 shares of the restaurant operator’s stock worth $4,541,000 after acquiring an additional 954 shares during the period. Piedmont Investment Advisors LLC raised its stake in Texas Roadhouse by 13.4% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 8,298 shares of the restaurant operator’s stock worth $544,000 after acquiring an additional 981 shares during the period. Intrust Bank NA raised its stake in Texas Roadhouse by 10.8% during the 2nd quarter. Intrust Bank NA now owns 11,063 shares of the restaurant operator’s stock worth $725,000 after acquiring an additional 1,076 shares during the period. Finally, Bessemer Group Inc. raised its stake in Texas Roadhouse by 1.2% during the 2nd quarter. Bessemer Group Inc. now owns 104,887 shares of the restaurant operator’s stock worth $6,871,000 after acquiring an additional 1,195 shares during the period. Hedge funds and other institutional investors own 91.78% of the company’s stock.

In related news, COO Douglas W. Thompson sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 25th. The shares were sold at an average price of $68.75, for a total value of $687,500.00. Following the completion of the transaction, the chief operating officer now directly owns 38,519 shares of the company’s stock, valued at $2,648,181.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider S. Chris Jacobsen sold 1,500 shares of the firm’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $75.00, for a total transaction of $112,500.00. Following the completion of the transaction, the insider now directly owns 13,533 shares of the company’s stock, valued at $1,014,975. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,023 shares of company stock valued at $973,715. 5.89% of the stock is currently owned by insiders.

Shares of TXRH opened at $62.51 on Wednesday. Texas Roadhouse Inc has a 1 year low of $47.70 and a 1 year high of $75.24. The company has a market cap of $4.80 billion, a price-to-earnings ratio of 31.73, a P/E/G ratio of 2.42 and a beta of 0.62.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Monday, October 29th. The restaurant operator reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.14). Texas Roadhouse had a net margin of 6.53% and a return on equity of 17.65%. The business had revenue of $594.60 million during the quarter, compared to analysts’ expectations of $594.16 million. During the same period last year, the business posted $0.43 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Texas Roadhouse Inc will post 2.33 earnings per share for the current year.

A number of equities research analysts have commented on the stock. Wedbush cut shares of Texas Roadhouse from an “outperform” rating to a “neutral” rating and set a $67.00 target price on the stock. in a research note on Monday, September 10th. They noted that the move was a valuation call. Robert W. Baird lowered shares of Texas Roadhouse from an “outperform” rating to a “neutral” rating and set a $74.00 price objective for the company. in a report on Monday, September 10th. BidaskClub raised shares of Texas Roadhouse from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 11th. Stephens lowered shares of Texas Roadhouse from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $75.00 to $70.00 in a report on Wednesday, September 12th. They noted that the move was a valuation call. Finally, BTIG Research lowered shares of Texas Roadhouse from a “buy” rating to a “neutral” rating in a report on Thursday, September 13th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $65.00.

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 February 20, 2018, it owned and operated approximately 550 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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