Teachers Retirement System of The State of Kentucky Sells 1,030 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Teachers Retirement System of The State of Kentucky lessened its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 4.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 20,167 shares of the restaurant operator’s stock after selling 1,030 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Texas Roadhouse were worth $3,638,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Barclays PLC raised its stake in shares of Texas Roadhouse by 14.4% during the 3rd quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator’s stock worth $208,539,000 after purchasing an additional 148,462 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Texas Roadhouse during the third quarter worth $1,282,000. Synovus Financial Corp raised its position in Texas Roadhouse by 4.8% during the third quarter. Synovus Financial Corp now owns 6,711 shares of the restaurant operator’s stock worth $1,185,000 after acquiring an additional 305 shares in the last quarter. Franklin Resources Inc. lifted its stake in Texas Roadhouse by 76.0% in the third quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator’s stock valued at $157,375,000 after acquiring an additional 385,998 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Texas Roadhouse in the 3rd quarter valued at about $245,000. Institutional investors own 94.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Gordon Haskett cut shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price on the stock. in a report on Wednesday, January 8th. Stifel Nicolaus dropped their price objective on Texas Roadhouse from $172.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday, April 15th. Guggenheim reduced their target price on Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Morgan Stanley upgraded Texas Roadhouse from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $205.00 to $213.00 in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada reduced their price objective on shares of Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating for the company in a research report on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $192.29.

Insider Activity

In other Texas Roadhouse news, insider Christopher C. Colson sold 580 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $181.94, for a total transaction of $105,525.20. Following the sale, the insider now owns 12,000 shares of the company’s stock, valued at approximately $2,183,280. The trade was a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gregory N. Moore sold 2,700 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $168.26, for a total transaction of $454,302.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,535 shares of company stock worth $2,952,507. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Up 0.3 %

TXRH stock opened at $163.48 on Thursday. The company has a market cap of $10.86 billion, a PE ratio of 25.27, a price-to-earnings-growth ratio of 1.23 and a beta of 0.88. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04. The business has a 50-day simple moving average of $170.01 and a 200 day simple moving average of $180.22.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. On average, analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date was Tuesday, March 18th. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s dividend payout ratio (DPR) is currently 42.04%.

Texas Roadhouse Profile

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.