Public Employees Retirement Association of Colorado maintained its position in shares of Texas Roadhouse Inc. (NASDAQ:TXRH) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 391,400 shares of the company’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado’s holdings in Texas Roadhouse were worth $17,848,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of TXRH. JPMorgan Chase & Co. raised its stake in Texas Roadhouse by 482.9% in the first quarter. JPMorgan Chase & Co. now owns 280,240 shares of the company’s stock worth $12,212,000 after buying an additional 232,165 shares during the period. Boston Advisors LLC acquired a new stake in Texas Roadhouse during the second quarter worth about $10,006,000. Bessemer Group Inc. raised its stake in Texas Roadhouse by 83,213.5% in the first quarter. Bessemer Group Inc. now owns 166,627 shares of the company’s stock worth $7,262,000 after buying an additional 166,427 shares during the period. Goldman Sachs Group Inc. raised its stake in Texas Roadhouse by 52.2% in the first quarter. Goldman Sachs Group Inc. now owns 332,245 shares of the company’s stock worth $14,479,000 after buying an additional 114,010 shares during the period. Finally, Kennedy Capital Management Inc. raised its stake in Texas Roadhouse by 183.9% in the first quarter. Kennedy Capital Management Inc. now owns 164,724 shares of the company’s stock worth $7,179,000 after buying an additional 106,699 shares during the period. 88.84% of the stock is currently owned by institutional investors and hedge funds.
Texas Roadhouse Inc. (NASDAQ:TXRH) traded down 0.16% during midday trading on Tuesday, hitting $37.83. The stock had a trading volume of 502,466 shares. Texas Roadhouse Inc. has a 1-year low of $33.06 and a 1-year high of $49.00. The company has a 50-day moving average of $42.40 and a 200-day moving average of $44.17. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 23.79 and a beta of 0.54.
Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. The business had revenue of $509 million for the quarter, compared to the consensus estimate of $509.80 million. Texas Roadhouse had a return on equity of 16.78% and a net margin of 5.88%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 earnings per share. Equities research analysts forecast that Texas Roadhouse Inc. will post $1.78 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, September 14th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Monday, September 12th. Texas Roadhouse’s dividend payout ratio is currently 48.10%.
A number of analysts have issued reports on TXRH shares. Buckingham Research started coverage on Texas Roadhouse in a report on Thursday, June 16th. They issued a “neutral” rating and a $47.00 target price on the stock. Zacks Investment Research lowered Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Saturday, July 9th. Maxim Group downgraded Texas Roadhouse from a “buy” rating to a “hold” rating and set a $48.00 price objective for the company. in a research report on Monday, July 18th. Jefferies Group downgraded Texas Roadhouse from a “hold” rating to an “underperform” rating and set a $37.00 price objective for the company. in a research report on Tuesday, July 26th. Finally, Stifel Nicolaus downgraded Texas Roadhouse from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $50.00 to $47.00 in a research report on Tuesday, July 26th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and three have issued a buy rating to the stock. Texas Roadhouse has a consensus rating of “Hold” and an average price target of $43.78.
In related news, Director James R. Zarley purchased 23,800 shares of Texas Roadhouse stock in a transaction that occurred on Wednesday, August 3rd. The shares were acquired at an average price of $42.23 per share, with a total value of $1,005,074.00. Following the completion of the transaction, the director now directly owns 104,000 shares of the company’s stock, valued at approximately $4,391,920. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Wayne Kent Taylor sold 150,000 shares of the stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $46.03, for a total value of $6,904,500.00. Following the sale, the chief executive officer now directly owns 4,363,261 shares in the company, valued at approximately $200,840,903.83. The disclosure for this sale can be found here. Corporate insiders own 7.40% of the company’s stock.
About Texas Roadhouse
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.
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