In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Texas Roadhouse Inc. (NASDAQ:TXRH) reported that Taylor Wayne Kent has picked up 4,108,231 of common stock as of 2017-02-28.
The acquisition brings the aggregate amount owned by Taylor Wayne Kent to a total of 4,108,231 representing a 5.8% stake in the company.
For those not familiar with the company, Texas Roadhouse, Inc. is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks hand-cut daily on the premises and cooked to order over open grills. In addition to steaks, the Company also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, and an assortment of hamburgers, salads and sandwiches. The Company’s entrees include over two made-from-scratch side items and it offers all its guests a free unlimited supply of roasted in-shell peanuts and fresh baked yeast rolls. The Company owns approximately 400 company restaurants and over 80 franchise restaurants in approximately 50 states and over four foreign countries. Of the over 400 restaurants the Company operates approximately 392 as Texas Roadhouse and operates over seven as Bubba’s 33 restaurants. In addition, the Company operates over two restaurants outside of the casual dining segment.
A glance at Texas Roadhouse Inc. (NASDAQ:TXRH)’s key stats reveals a current market capitalization of 2.97 billion based on 70.62 million shares outstanding and a price at last close of $42.30 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-08-03, Zarley picked up 23,800 at a purchase price of $42.23. This brings their total holding to 23,800 as of the date of the filing.
On the sell side, the most recent transaction saw Colosi unload 12,377 shares at a sale price of $48.21. This brings their total holding to 70,058.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Texas Roadhouse Inc. (NASDAQ:TXRH) as things move forward to see if its progress aligns with these transactions.
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