Oppenheimer Asset Management Inc. Has $716,000 Stock Position in Texas Roadhouse Inc (NASDAQ:TXRH)

Oppenheimer Asset Management Inc. lifted its position in Texas Roadhouse Inc (NASDAQ:TXRH) by 14.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 17,340 shares of the restaurant operator’s stock after purchasing an additional 2,163 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Texas Roadhouse were worth $716,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. First Quadrant L P CA acquired a new stake in shares of Texas Roadhouse in the first quarter worth $47,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in shares of Texas Roadhouse in the first quarter worth $166,000. Aigen Investment Management LP acquired a new stake in shares of Texas Roadhouse in the fourth quarter worth $184,000. Tower Research Capital LLC TRC lifted its stake in shares of Texas Roadhouse by 29.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,379 shares of the restaurant operator’s stock worth $190,000 after buying an additional 761 shares during the last quarter. Finally, Diversified Trust Co acquired a new stake in shares of Texas Roadhouse in the first quarter worth $205,000. Institutional investors and hedge funds own 88.91% of the company’s stock.

Shares of TXRH stock opened at $50.35 on Monday. Texas Roadhouse Inc has a 52-week low of $25.15 and a 52-week high of $72.49. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 25.30 and a beta of 0.90. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.91 and a current ratio of 0.97. The firm has a fifty day moving average of $45.00 and a 200-day moving average of $53.48.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Monday, May 4th. The restaurant operator reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.25). Texas Roadhouse had a return on equity of 15.33% and a net margin of 5.15%. The firm had revenue of $652.50 million during the quarter, compared to the consensus estimate of $663.22 million. During the same period in the previous year, the company posted $0.70 EPS. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. On average, sell-side analysts predict that Texas Roadhouse Inc will post -0.1 earnings per share for the current year.

A number of analysts have recently weighed in on TXRH shares. BTIG Research restated a “buy” rating on shares of Texas Roadhouse in a research note on Wednesday, April 29th. Robert W. Baird cut shares of Texas Roadhouse from an “outperform” rating to a “neutral” rating and set a $62.00 target price for the company. in a research note on Friday, January 31st. Deutsche Bank cut their target price on shares of Texas Roadhouse from $60.00 to $47.00 and set a “hold” rating for the company in a research note on Wednesday, May 6th. Loop Capital cut their target price on shares of Texas Roadhouse from $66.00 to $54.00 in a research note on Tuesday, May 5th. Finally, BMO Capital Markets upgraded shares of Texas Roadhouse from an “underperform” rating to a “market perform” rating and cut their target price for the company from $55.00 to $44.00 in a research note on Thursday, April 23rd. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Texas Roadhouse currently has a consensus rating of “Hold” and a consensus target price of $56.22.

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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