Covington Investment Advisors Has Lowered By $2.03 Million Its Merck & Co New (MRK) Position; Lord Abbett & Company Has Lowered By $1.34 Million Its Texas Roadhouse Com (TXRH) Stake

May 20, 2018 - By Maria Brooks

Texas Roadhouse, Inc. (NASDAQ:TXRH) Logo

Covington Investment Advisors Inc decreased Merck & Co Inc New (MRK) stake by 76.08% reported in 2017Q4 SEC filing. Covington Investment Advisors Inc sold 36,210 shares as Merck & Co Inc New (MRK)’s stock declined 4.63%. The Covington Investment Advisors Inc holds 11,384 shares with $641,000 value, down from 47,594 last quarter. Merck & Co Inc New now has $159.10 billion valuation. The stock increased 0.12% or $0.07 during the last trading session, reaching $59.14. About 9.69 million shares traded. Merck & Co., Inc. (NYSE:MRK) has declined 14.94% since May 20, 2017 and is downtrending. It has underperformed by 26.49% the S&P500.




Lord Abbett & Company decreased Texas Roadhouse Inc Com (TXRH) stake by 3.42% reported in 2017Q4 SEC filing. Lord Abbett & Company sold 25,730 shares as Texas Roadhouse Inc Com (TXRH)’s stock rose 4.93%. The Lord Abbett & Company holds 725,554 shares with $38.22 million value, down from 751,284 last quarter. Texas Roadhouse Inc Com now has $4.23B valuation. The stock decreased 1.99% or $1.2 during the last trading session, reaching $59.2. About 1.11 million shares traded or 22.30% up from the average. Texas Roadhouse, Inc. (NASDAQ:TXRH) has risen 31.38% since May 20, 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 fall, 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. Us Comml Bank De holds 0.01% of its portfolio in Texas Roadhouse, Inc. (NASDAQ:TXRH) for 85,844 shares. Texas Permanent School Fund has invested 0.03% of its portfolio in Texas Roadhouse, Inc. (NASDAQ:TXRH). Great Lakes Limited Liability Corporation reported 0.01% in Texas Roadhouse, Inc. (NASDAQ:TXRH). Credit Suisse Ag has 0% invested in Texas Roadhouse, Inc. (NASDAQ:TXRH). Fuller & Thaler Asset owns 0% invested in Texas Roadhouse, Inc. (NASDAQ:TXRH) for 1,000 shares. Castleark Management Ltd stated it has 105,880 shares. Michigan-based Comerica Savings Bank has invested 0.02% in Texas Roadhouse, Inc. (NASDAQ:TXRH). Ubs Oconnor Limited Liability holds 0.09% or 55,472 shares. Century Cos Inc reported 135,695 shares stake. California State Teachers Retirement stated it has 105,555 shares. Mai Mgmt stated it has 19,023 shares or 0.06% of all its holdings. Gam Holdings Ag accumulated 12,897 shares. Retirement Systems Of Alabama invested in 0.05% or 191,590 shares. Morgan Stanley has invested 0.01% in Texas Roadhouse, Inc. (NASDAQ:TXRH). Arizona State Retirement Sys holds 47,087 shares or 0.02% of its portfolio.

Since December 12, 2017, it had 0 buys, and 9 insider sales for $3.67 million activity. Jacobsen S. Chris sold $90,000 worth of stock. WIDMER KATHY sold 1,300 shares worth $66,118. Catlett Celia sold $355,569 worth of stock or 6,337 shares. Shares for $1.26M were sold by Colosi Scott Matthew. ZARLEY JAMES R had sold 10,900 shares worth $619,384.

Lord Abbett & Company increased Columbus Mckinnon Corp N Y Com (NASDAQ:CMCO) stake by 220,912 shares to 396,552 valued at $15.85 million in 2017Q4. It also upped Celanese Corp Del Com Ser A (NYSE:CE) stake by 241,500 shares and now owns 590,300 shares. Hartford Finl Svcs Group Inc Com (NYSE:HIG) was raised too.

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 Nasdaq.com with their article: “Subway’s Store Closures Are Good News for the Restaurant Industry” published on May 19, 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: Benzinga.com and their article: “Texas Roadhouse’s Upside Potential Is ‘Limited,’ JPMorgan Says In Downgrade” published on May 03, 2018 as well as Benzinga.com‘s news article titled: “Texas Roadhouse’s Risk-Reward Is Balanced, BMO Says In Downgrade” with publication date: April 24, 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. The firm earned “Buy” rating on Tuesday, January 16 by Barclays Capital. The company was downgraded on Wednesday, May 2 by JP Morgan. The firm earned “Hold” rating on Monday, July 18 by Maxim Group. Telsey Advisory Group maintained the stock with “Market Perform” rating in Wednesday, November 2 report. The stock has “Overweight” rating by Barclays Capital on Tuesday, August 1. The stock of Texas Roadhouse, Inc. (NASDAQ:TXRH) has “Outperform” rating given on Tuesday, October 31 by BMO Capital Markets. Robert W. Baird upgraded the stock to “Outperform” rating in Tuesday, March 14 report. Morgan Stanley upgraded Texas Roadhouse, Inc. (NASDAQ:TXRH) on Tuesday, January 17 to “Equal-Weight” rating. The rating was maintained by UBS with “Neutral” on Tuesday, November 3. The firm has “Sell” rating by Jefferies given on Friday, June 2.

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 $47.14M for 22.42 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.

Investors sentiment decreased to 0.94 in 2017 Q4. Its down 0.12, from 1.06 in 2017Q3. It fall, as 94 investors sold MRK shares while 631 reduced holdings. 123 funds opened positions while 558 raised stakes. 1.93 billion shares or 1.34% less from 1.96 billion shares in 2017Q3 were reported. Heritage Investors Corporation has invested 0.81% in Merck & Co., Inc. (NYSE:MRK). The Maine-based Portland Advsrs Ltd Llc has invested 0.34% in Merck & Co., Inc. (NYSE:MRK). Sanders Cap Ltd Liability Company reported 3.59M shares stake. 1.14 million are held by Bb&T Securities Ltd Company. 15,093 were accumulated by Amica Retiree Medical Tru. D Scott Neal, a Kentucky-based fund reported 490 shares. Massachusetts-based Anchor Cap Advisors Limited Liability Corp has invested 0.01% in Merck & Co., Inc. (NYSE:MRK). Parthenon Limited invested 1.88% in Merck & Co., Inc. (NYSE:MRK). Headinvest Ltd Limited Liability Company has 0.45% invested in Merck & Co., Inc. (NYSE:MRK) for 25,925 shares. Ngam LP reported 0.47% stake. 28,200 are owned by Spc Fincl Incorporated. Schmidt P J Inv Mgmt reported 61,394 shares stake. Jfs Wealth Advsr Llc holds 9,328 shares or 0.13% of its portfolio. Lincoln Natl reported 0.05% stake. 1,738 are owned by Lenox Wealth Management.

Among 24 analysts covering Merck & Co. Inc. (NYSE:MRK), 21 have Buy rating, 0 Sell and 3 Hold. Therefore 88% are positive. Merck & Co. Inc. had 90 analyst reports since August 13, 2015 according to SRatingsIntel. The stock of Merck & Co., Inc. (NYSE:MRK) has “Hold” rating given on Friday, March 23 by Jefferies. Credit Suisse maintained the stock with “Outperform” rating in Monday, February 5 report. The stock has “Overweight” rating by JP Morgan on Monday, September 21. The stock of Merck & Co., Inc. (NYSE:MRK) has “Sell” rating given on Friday, October 20 by Jefferies. On Friday, April 13 the stock rating was maintained by Jefferies with “Hold”. As per Friday, August 19, the company rating was maintained by UBS. As per Wednesday, February 7, the company rating was maintained by Morgan Stanley. The rating was upgraded by Berenberg on Thursday, August 27 to “Hold”. The firm has “Buy” rating by Berenberg given on Tuesday, November 24. The stock of Merck & Co., Inc. (NYSE:MRK) has “Buy” rating given on Friday, July 28 by BMO Capital Markets.

Analysts await Merck & Co., Inc. (NYSE:MRK) to report earnings on July, 27. They expect $1.04 earnings per share, up 2.97% or $0.03 from last year’s $1.01 per share. MRK’s profit will be $2.80B for 14.22 P/E if the $1.04 EPS becomes a reality. After $1.05 actual earnings per share reported by Merck & Co., Inc. for the previous quarter, Wall Street now forecasts -0.95% negative EPS growth.

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

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