GW&K Investment Management LLC Acquires 250,315 Shares of Texas Roadhouse Inc (NASDAQ:TXRH)

GW&K Investment Management LLC lifted its holdings in shares of Texas Roadhouse Inc (NASDAQ:TXRH) by 23.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,301,324 shares of the restaurant operator’s stock after purchasing an additional 250,315 shares during the period. Texas Roadhouse comprises approximately 1.0% of GW&K Investment Management LLC’s investment portfolio, making the stock its 15th largest holding. GW&K Investment Management LLC owned 1.87% of Texas Roadhouse worth $68,345,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TXRH. BlackRock Inc. raised its stake in Texas Roadhouse by 3.7% in the 2nd quarter. BlackRock Inc. now owns 8,553,667 shares of the restaurant operator’s stock valued at $459,074,000 after acquiring an additional 308,212 shares during the period. Invesco Ltd. raised its stake in Texas Roadhouse by 40.3% in the 2nd quarter. Invesco Ltd. now owns 1,652,249 shares of the restaurant operator’s stock valued at $88,676,000 after acquiring an additional 474,621 shares during the period. Northern Trust Corp raised its stake in Texas Roadhouse by 0.7% in the 2nd quarter. Northern Trust Corp now owns 1,309,094 shares of the restaurant operator’s stock valued at $70,260,000 after acquiring an additional 9,465 shares during the period. Marshall Wace LLP raised its stake in Texas Roadhouse by 91.4% in the 2nd quarter. Marshall Wace LLP now owns 1,182,711 shares of the restaurant operator’s stock valued at $63,476,000 after acquiring an additional 564,897 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Texas Roadhouse by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,067,698 shares of the restaurant operator’s stock valued at $57,303,000 after acquiring an additional 5,356 shares during the period. Institutional investors own 89.33% of the company’s stock.

Shares of NASDAQ TXRH traded up $0.63 during midday trading on Friday, hitting $58.82. 390,100 shares of the company’s stock were exchanged, compared to its average volume of 939,666. The company has a current ratio of 0.50, a quick ratio of 0.56 and a debt-to-equity ratio of 0.59. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 2.24 and a beta of 0.63. The business’s fifty day moving average price is $52.05 and its two-hundred day moving average price is $53.49. Texas Roadhouse Inc has a 12-month low of $47.52 and a 12-month high of $67.81.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Monday, October 28th. The restaurant operator reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. The company had revenue of $650.49 million during the quarter, compared to the consensus estimate of $648.49 million. Texas Roadhouse had a return on equity of 17.23% and a net margin of 6.15%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 earnings per share. Equities analysts expect that Texas Roadhouse Inc will post 2.36 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on the company. Morgan Stanley decreased their price target on Texas Roadhouse from $59.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Friday, October 18th. Barclays decreased their price target on Texas Roadhouse from $52.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Friday, October 18th. BidaskClub upgraded Texas Roadhouse from a “sell” rating to a “hold” rating in a research report on Wednesday, August 28th. KeyCorp assumed coverage on Texas Roadhouse in a research report on Tuesday, July 23rd. They set a “sector weight” rating on the stock. Finally, ValuEngine upgraded Texas Roadhouse from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $59.71.

Texas Roadhouse Company 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.

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

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