According to GuruFocus data, Ron Baron sold 27.54% of his shares in TXRH, 28.11% of ULTI, and 72.93% of ARII. The sale happened on May 8, 2009. The trading prices are $10.85, $18.75, and $8.43 respectively. After the sale, Ron Baron holds 2,500,000 shares of TXRH (3.5%), 895,000 shares of ULTI (3.9%), and 366,812 shares of ARII (1.7%).
Texas Roadhouse (TXRH)
Texas Roadhouse is a moderately-priced full-service restaurant chain. They offer an assortment of specially seasoned and aged steaks hand-cut daily in every restaurant and cooked to order over open gas-fired grills. They also offer their customers a selection of ribs, fish, chicken, and vegetable plates, an assortment of hamburgers, salads and sandwiches. Texas Roadhouse Inc. has a market cap of $727.5 million; its shares were traded at around $10.47 with a P/E ratio of 19 and P/S ratio of 0.9.
Ron Baron owns 3,450,000 shares as of 12/31/2008, which accounts for 0.25% of the $10.58 billion portfolio of Baron Funds. Ron Baron’s holding in this restaurant company goes back before 3Q06, when he owned 3.18 million shares.
Recently, Insiders of Texas Roadhouse Inc. are also selling: Chairman of Company and Board, 10% Owner Wayne Kent Taylor sold 600,000 shares of TXRH stock on 05/11/2009 at the average price of $11.02; on the other hand,
COO Steven L Ortiz also sold 22,000 shares of TXRH stock on the same day at the average price of $11.27, according to GuruFocus Data shows.
On May 4,2009, the company reported quarterly results for the period ended March 31, 2009. Revenue increased 17% to $246 million and diluted earnings per share increased 20% to $0.20 from $0.17 in the prior year period. In addition, the company issue a 2009 outlook of flat to 5% increase in EPS.
Ultimate Software (ULTI)
Ultimate Software provides Web-based payroll and employee management solutions to organizations of all sizes. Ultimate Software's UltiPro suite enables businesses to manage human resources and payroll. Ultimate Software Group Inc. has a market cap of $438.7 million; its shares were traded at around $18.06 with and P/S ratio of 2.4.
Ron Baron owns 1,245,000 shares as of 12/31/2008, an increase of 32.45% from the previous quarter. This position accounts for 0.17% of the $10.58 billion portfolio of Baron Funds. Ron Baron started to own the stock in 3Q08.
On April 28, 2009, ULTI reported it fiscal first quarter 2009 results: total revenues was $48.8 million, an increase of 12%, and recurring revenues of $30.9 million, a 20% increase, both compared with 2008’s first quarter. GAAP net loss for the first quarter of 2009 was $0.4 million, or $0.02 per diluted share, versus GAAP net income of $0.3 million, or $0.01 per diluted share, for the first quarter of 2008. The company also issued following outlook for 2009: Total revenues to increase by 13% to 15% compared with 2008; and Operating margins, on a non-GAAP basis, of between 6% and 7%.
American Railcar Industries Inc. (ARII)
ARII is a North American manufacturer of covered hopper and tank railcars. ARI also repairs and refurbishes railcars, provides fleet management services, and designs and manufactures railcar and industrial components used in the production of its railcars, as well as railcars and non-railcar industrial products produced by others. American Railcar Industries Inc. has a market cap of $176.6 million; its shares were traded at around $8.29 with a P/E ratio of 7.5 and P/S ratio of 0.2. The dividend yield of American Railcar Industries Inc. stocks is 1.4%.
Ron Baron owns 1,355,233 shares as of 12/31/2008, which accounts for 0.13% of the $10.58 billion portfolio of Baron Funds. He has owned the stock since 3Q06, when the stock was selling at around $29 per share.
On May 6, 2009, the company reported results for the first fiscal quarter ended on March 31 : revenues were $156.9 million and net earnings were $2.7 million or $0.13 per diluted share. In comparison, for the three months ended March 31, 2008, revenues were $184.0 million and net earnings were $10.1 million or $0.48 per diluted share.
In a recent interview with Barron’s, Ron Baron stated that “this is the most attractive time to be an investor” in his lifetime. We are sure the Investment Guru will put the proceeding from the sale of the stock to good use.
Click here to see other real-time trades of Ron Baron. The real-time trading information is for Premium Member only, click here to sign up or upgrade, 7-Day Free Trial available .
Rate This Article: |
  |
Click to see which Gurus bought TXRH , ULTI , ARII ?
Check out Ron Baron Stock Picks, and Current Portfolio,