As Texas Roadhouse (TXRH) Share Value Rose, Frontier Capital Management Co Has Lowered Its Stake; Heartland Advisors Has Upped Its Holding in Lamar Advertising Company New (LAMR) by $11.59 Million as Stock Price Declined

May 24, 2018 - By Adrian Erickson

Lamar Advertising Company (NASDAQ:REIT) Logo

Heartland Advisors Inc increased its stake in Lamar Advertising Company New (LAMR) by 450.57% based on its latest 2017Q4 regulatory filing with the SEC. Heartland Advisors Inc bought 156,573 shares as the company’s stock declined 14.36% with the market. The institutional investor held 191,323 shares of the real estate investment trusts company at the end of 2017Q4, valued at $14.20M, up from 34,750 at the end of the previous reported quarter. Heartland Advisors Inc who had been investing in Lamar Advertising Company New for a number of months, seems to be bullish on the $6.66 billion market cap company. The stock decreased 0.54% or $0.37 during the last trading session, reaching $67.66. About 161,462 shares traded. Lamar Advertising Company (NASDAQ:LAMR) has declined 16.07% since May 24, 2017 and is downtrending. It has underperformed by 27.62% the S&P500.

Frontier Capital Management Co Llc decreased its stake in Texas Roadhouse Inc. (TXRH) by 4.77% based on its latest 2017Q4 regulatory filing with the SEC. Frontier Capital Management Co Llc sold 35,198 shares as the company’s stock rose 4.93% while stock markets declined. The institutional investor held 703,323 shares of the consumer services company at the end of 2017Q4, valued at $37.05M, down from 738,521 at the end of the previous reported quarter. Frontier Capital Management Co Llc who had been investing in Texas Roadhouse Inc. for a number of months, seems to be less bullish one the $4.33B market cap company. The stock increased 0.66% or $0.4 during the last trading session, reaching $60.59. About 281,014 shares traded. Texas Roadhouse, Inc. (NASDAQ:TXRH) has risen 31.38% since May 24, 2017 and is uptrending. It has outperformed by 19.83% the S&P500.

Investors sentiment decreased to 1.4 in 2017 Q4. Its down 0.29, from 1.69 in 2017Q3. It worsened, as 20 investors sold TXRH shares while 75 reduced holdings. 61 funds opened positions while 72 raised stakes. 60.90 million shares or 0.49% more from 60.60 million shares in 2017Q3 were reported. Geode Capital Management Ltd reported 590,462 shares stake. 28,316 are owned by Federated Invsts Pa. Meeder Asset holds 463 shares. Moreover, Pnc Fincl Service Group Inc has 0% invested in Texas Roadhouse, Inc. (NASDAQ:TXRH) for 66,835 shares. Georgia-based Atlantic Trust Grp Ltd has invested 0% in Texas Roadhouse, Inc. (NASDAQ:TXRH). Georgia-based Chatham Cap Gru has invested 0.35% in Texas Roadhouse, Inc. (NASDAQ:TXRH). Aqr Capital Management Ltd Liability Corporation stated it has 0.03% of its portfolio in Texas Roadhouse, Inc. (NASDAQ:TXRH). Advantus Cap Management Inc holds 0.01% of its portfolio in Texas Roadhouse, Inc. (NASDAQ:TXRH) for 8,057 shares. Amalgamated Retail Bank holds 0.01% or 9,775 shares in its portfolio. Susquehanna International Grp Llp reported 18,512 shares. Alpha Windward Ltd Liability Company holds 551 shares or 0.02% of its portfolio. Moreover, M&T Bancorp has 0% invested in Texas Roadhouse, Inc. (NASDAQ:TXRH). Liberty Mutual Grp Inc Asset has 16,589 shares. Scopus Asset Limited Partnership reported 0.15% stake. Balyasny Asset invested in 0.05% or 330,515 shares.

Since December 12, 2017, it had 0 buys, and 9 insider sales for $3.67 million activity. Jacobsen S. Chris also sold $90,000 worth of Texas Roadhouse, Inc. (NASDAQ:TXRH) shares. On Monday, January 8 Colosi Scott Matthew sold $1.26 million worth of Texas Roadhouse, Inc. (NASDAQ:TXRH) or 22,403 shares. $452,080 worth of Texas Roadhouse, Inc. (NASDAQ:TXRH) was sold by WIDMER KATHY on Monday, March 26. ZARLEY JAMES R sold $619,384 worth of stock or 10,900 shares.

Analysts await Texas Roadhouse, Inc. (NASDAQ:TXRH) to report earnings on July, 30. They expect $0.66 EPS, up 24.53% or $0.13 from last year’s $0.53 per share. TXRH’s profit will be $47.13 million for 22.95 P/E if the $0.66 EPS becomes a reality. After $0.76 actual EPS reported by Texas Roadhouse, Inc. for the previous quarter, Wall Street now forecasts -13.16% negative EPS growth.

Frontier Capital Management Co Llc, which manages about $13.68B US Long portfolio, upped its stake in Semtech Corporation (NASDAQ:SMTC) by 336,213 shares to 2.47 million shares, valued at $84.32 million in 2017Q4, according to the filing. It also increased its holding in Servicemaster Global Holdings Inc. (NYSE:SERV) by 179,131 shares in the quarter, for a total of 1.34M shares, and has risen its stake in Aspen Insurance Holdings Limited (NYSE:AHL).

More notable recent Texas Roadhouse, Inc. (NASDAQ:TXRH) news were published by: Globenewswire.com which released: “Texas Roadhouse Names Tonya Robinson Chief Financial Officer” on May 18, 2018, also Benzinga.com with their article: “Texas Roadhouse’s Upside Potential Is ‘Limited,’ JPMorgan Says In Downgrade” published on May 03, 2018, Seekingalpha.com published: “Texas Roadhouse: Growth Set To Continue” on May 08, 2018. More interesting news about Texas Roadhouse, Inc. (NASDAQ:TXRH) were released by: Bizjournals.com and their article: “Here are the Louisville companies on the 2018 Fortune 500 list” published on May 22, 2018 as well as Streetinsider.com‘s news article titled: “Texas Roadhouse (TXRH) Promotes VP of Finance & IR Tonya Robinson to CFO Position” with publication date: May 18, 2018.

Among 25 analysts covering Texas Roadhouse Inc. (NASDAQ:TXRH), 9 have Buy rating, 2 Sell and 14 Hold. Therefore 36% are positive. Texas Roadhouse Inc. had 73 analyst reports since August 5, 2015 according to SRatingsIntel. Jefferies maintained Texas Roadhouse, Inc. (NASDAQ:TXRH) on Friday, June 2 with “Sell” rating. The rating was upgraded by Maxim Group to “Buy” on Tuesday, October 18. The rating was maintained by Canaccord Genuity with “Hold” on Tuesday, August 1. The stock of Texas Roadhouse, Inc. (NASDAQ:TXRH) earned “Market Perform” rating by Telsey Advisory Group on Wednesday, November 2. The firm has “Market Perform” rating by Raymond James given on Monday, April 18. The rating was upgraded by Morgan Stanley on Tuesday, January 17 to “Equal-Weight”. RBC Capital Markets maintained Texas Roadhouse, Inc. (NASDAQ:TXRH) on Thursday, December 21 with “Hold” rating. The stock has “Hold” rating by Canaccord Genuity on Friday, October 20. The stock of Texas Roadhouse, Inc. (NASDAQ:TXRH) has “Sell” rating given on Tuesday, October 10 by Jefferies. The firm has “Sell” rating given on Monday, October 30 by Jefferies.

Heartland Advisors Inc, which manages about $6.06 billion and $1.55B US Long portfolio, decreased its stake in American Express Co (NYSE:AXP) by 17,708 shares to 89,181 shares, valued at $8.86 million in 2017Q4, according to the filing. It also reduced its holding in Supercom Ltd New (NASDAQ:SPCB) by 201,024 shares in the quarter, leaving it with 1.19 million shares, and cut its stake in Harvard Bioscience Inc (NASDAQ:HBIO).

Among 12 analysts covering Lamar Advertising (NASDAQ:LAMR), 6 have Buy rating, 1 Sell and 5 Hold. Therefore 50% are positive. Lamar Advertising had 21 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Equal-Weight” rating by Morgan Stanley on Monday, September 18. Topeka Capital Markets maintained it with “Hold” rating and $59 target in Monday, September 21 report. The company was maintained on Wednesday, August 9 by M Partners. The stock of Lamar Advertising Company (NASDAQ:REIT) earned “Sell” rating by Citigroup on Wednesday, December 20. On Tuesday, September 13 the stock rating was initiated by Loop Capital with “Buy”. Wells Fargo downgraded it to “Hold” rating and $7600 target in Wednesday, July 26 report. M Partners maintained the shares of LAMR in report on Thursday, March 8 with “Neutral” rating. The rating was maintained by M Partners with “Neutral” on Friday, January 8. On Wednesday, February 24 the stock rating was maintained by Wedbush with “Neutral”. Citigroup maintained it with “Neutral” rating and $66 target in Friday, August 11 report.

Since December 14, 2017, it had 0 insider purchases, and 2 sales for $3.04 million activity. The insider ISTRE KEITH A sold $2.73M.

Investors sentiment decreased to 1 in Q4 2017. Its down 0.50, from 1.5 in 2017Q3. It fall, as 29 investors sold LAMR shares while 105 reduced holdings. 42 funds opened positions while 92 raised stakes. 81.15 million shares or 1.28% less from 82.20 million shares in 2017Q3 were reported. Chemical Bancorporation, Michigan-based fund reported 4,000 shares. Ny State Teachers Retirement Systems reported 136,093 shares or 0.02% of all its holdings. Raymond James Services Advsr Inc invested in 11,547 shares. Orrstown Fincl has 45 shares. Voya Investment Mgmt Ltd stated it has 29,491 shares or 0% of all its holdings. Bank & Trust Of New York Mellon Corp reported 2.13 million shares. Deutsche Bank Ag accumulated 117,441 shares. 26,847 are owned by Cambridge Investment Incorporated. Fdx holds 29,573 shares. Bokf Na has invested 0.06% in Lamar Advertising Company (NASDAQ:REIT). Moreover, Strategic Glob Advsr Lc has 0.37% invested in Lamar Advertising Company (NASDAQ:REIT). Goldman Sachs Group Inc holds 1.19M shares or 0.02% of its portfolio. Beese Fulmer Investment Mgmt holds 0.36% of its portfolio in Lamar Advertising Company (NASDAQ:REIT) for 22,536 shares. Metropolitan Life Ins Co Ny reported 0.03% stake. Art Advsrs Lc owns 7,298 shares.

Texas Roadhouse, Inc. (NASDAQ:TXRH) Institutional Positions Chart

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