Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 12.9% in the third quarter, Holdings Channel reports. The firm owned 38,234 shares of the restaurant operator’s stock after selling 5,682 shares during the period. Public Employees Retirement System of Ohio’s holdings in Texas Roadhouse were worth $6,752,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its position in shares of Texas Roadhouse by 60.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,425 shares of the restaurant operator’s stock worth $760,000 after acquiring an additional 1,670 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Texas Roadhouse by 4.6% during the second quarter. Raymond James & Associates now owns 70,827 shares of the restaurant operator’s stock worth $12,162,000 after purchasing an additional 3,120 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Texas Roadhouse by 30.0% during the second quarter. Nisa Investment Advisors LLC now owns 57,645 shares of the restaurant operator’s stock worth $9,898,000 after purchasing an additional 13,298 shares in the last quarter. Pallas Capital Advisors LLC boosted its position in shares of Texas Roadhouse by 64.5% in the second quarter. Pallas Capital Advisors LLC now owns 4,506 shares of the restaurant operator’s stock worth $760,000 after buying an additional 1,766 shares during the period. Finally, Fifth Third Bancorp grew its stake in shares of Texas Roadhouse by 40.7% in the second quarter. Fifth Third Bancorp now owns 608 shares of the restaurant operator’s stock valued at $104,000 after buying an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insider Activity

In related news, CTO Hernan E. Mujica sold 1,500 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the transaction, the chief technology officer now directly owns 16,342 shares in the company, valued at $3,305,332.92. This represents a 8.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donna E. Epps sold 610 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the sale, the director now owns 3,532 shares in the company, valued at $691,071.12. The trade was a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

Shares of TXRH opened at $186.86 on Friday. The stock has a market capitalization of $12.47 billion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 1.64 and a beta of 0.98. The business’s fifty day moving average price is $190.51 and its 200 day moving average price is $176.76. Texas Roadhouse, Inc. has a 12-month low of $113.87 and a 12-month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the company posted $0.95 earnings per share. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. As a group, research analysts anticipate that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.92%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. The Goldman Sachs Group assumed coverage on Texas Roadhouse in a research report on Thursday, December 5th. They set a “neutral” rating and a $213.00 price target on the stock. Robert W. Baird boosted their target price on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Evercore ISI upped their target price on shares of Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Wedbush lifted their price target on shares of Texas Roadhouse from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Guggenheim boosted their price objective on shares of Texas Roadhouse from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $190.09.

About Texas Roadhouse

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.