Rr Partners Lp Lowers stake in Texas Roadhouse Inc (TXRH)

Texas Roadhouse Inc (TXRH) : Rr Partners Lp reduced its stake in Texas Roadhouse Inc by 0.47% during the most recent quarter end. The investment management company now holds a total of 1,158,900 shares of Texas Roadhouse Inc which is valued at $53,413,701 after selling 5,500 shares in Texas Roadhouse Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Texas Roadhouse Inc makes up approximately 2.16% of Rr Partners Lp’s portfolio.

Other Hedge Funds, Including , Schwab Charles Investment Management Inc boosted its stake in TXRH in the latest quarter, The investment management firm added 4,786 additional shares and now holds a total of 315,870 shares of Texas Roadhouse Inc which is valued at $14,558,448. Texas Roadhouse Inc makes up approx 0.02% of Schwab Charles Investment Management Inc’s portfolio. Pinebridge Investments sold out all of its stake in TXRH during the most recent quarter. The investment firm sold 7,707 shares of TXRH which is valued $355,216.Quadrant Capital Group boosted its stake in TXRH in the latest quarter, The investment management firm added 29 additional shares and now holds a total of 67 shares of Texas Roadhouse Inc which is valued at $3,164.

Texas Roadhouse Inc opened for trading at $44.72 and hit $44.88 on the upside on Wednesday, eventually ending the session at $44.72, with a gain of 0.22% or 0.1 points. The heightened volatility saw the trading volume jump to 801,071 shares. Company has a market cap of $3,150 M.

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.

Investors should note that on Aug 19, 2016, Texas Roadhouse Inc announced a cash dividend of $0.1900. The company’s management has announced Sep 12, 2016 as the ex-dividend date and fixed the record date on Sep 14, 2016. The payable date has been fixed on Sep 30, 2016.

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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