Psagot Investment House Ltd. Lowers stake in Texas Roadhouse Inc (TXRH)

Texas Roadhouse Inc (TXRH) : Psagot Investment House Ltd. reduced its stake in Texas Roadhouse Inc by 8.27% during the most recent quarter end. The investment management company now holds a total of 114,200 shares of Texas Roadhouse Inc which is valued at $5,232,644 after selling 10,300 shares in Texas Roadhouse Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Texas Roadhouse Inc makes up approximately 0.21% of Psagot Investment House Ltd.’s portfolio.

Other Hedge Funds, Including , Commerce Bank reduced its stake in TXRH by selling 20 shares or 0.11% in the most recent quarter. The Hedge Fund company now holds 17,845 shares of TXRH which is valued at $817,658. Texas Roadhouse Inc makes up approx 0.01% of Commerce Bank’s portfolio. Washington Capital Management Inc added TXRH to its portfolio by purchasing 8,500 company shares during the most recent quarter which is valued at $378,930. Texas Roadhouse Inc makes up approx 0.51% of Washington Capital Management Inc’s portfolio.Tygh Capital Management reduced its stake in TXRH by selling 228 shares or 0.21% in the most recent quarter. The Hedge Fund company now holds 107,554 shares of TXRH which is valued at $4,794,757. Texas Roadhouse Inc makes up approx 1.27% of Tygh Capital Management’s portfolio.Rothschild Asset Management Inc boosted its stake in TXRH in the latest quarter, The investment management firm added 24,278 additional shares and now holds a total of 499,227 shares of Texas Roadhouse Inc which is valued at $21,287,039. Texas Roadhouse Inc makes up approx 0.37% of Rothschild Asset Management Inc’s portfolio. Arcadia Investment Management Corpmi added TXRH to its portfolio by purchasing 304 company shares during the most recent quarter which is valued at $14,054.

Texas Roadhouse Inc closed down -0.08 points or -0.17% at $45.98 with 5,50,375 shares getting traded on Wednesday. Post opening the session at $46.11, the shares hit an intraday low of $45.62 and an intraday high of $46.28 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Texas Roadhouse Inc reported $0.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.45. The company had revenue of $508.80 million for the quarter, compared to analysts expectations of $509.30 million. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.

Many Wall Street Analysts have commented on Texas Roadhouse Inc. Texas Roadhouse Inc was Downgraded by Jefferies to ” Underperform” on Jul 26, 2016. Telsey Advisory Group Downgraded Texas Roadhouse Inc on Jul 26, 2016 to ” Market Perform”, Price Target of the shares are set at $48.Texas Roadhouse Inc was Downgraded by Stifel to ” Hold” on Jul 26, 2016.

Texas Roadhouse Inc. is a full-service casual dining restaurant company. The Company offers an assortment of seasoned and aged steaks. In addition to steaks it also offers ribs fish seafood chicken pork chops pulled pork and vegetable plates and an assortment of hamburgers salads and sandwiches. Its entrees include made-from-scratch yeast rolls and also include the choice of two of the following made-from-scratch sides: baked potato sweet potato steak fries mashed potatoes house or Caesar salad green beans chili seasoned rice buttered corn applesauce and steamed vegetables. Its restaurants offer a full bar that offers draft and bottled beer different brands of liquor and wine as well as margaritas. As of December 30 2014 the Company had 451 restaurants which included 372 Company restaurants of which 356 were wholly-owned and 16 were majority-owned and 79 franchise restaurants in which the Company held 5% to 10.0% ownership interest in 23 restaurants.

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