Public Employees Retirement Association of Colorado Has $18.85 Million Position in Texas Roadhouse, Inc. $TXRH

Public Employees Retirement Association of Colorado reduced its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 27.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 113,571 shares of the restaurant operator’s stock after selling 42,300 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Texas Roadhouse were worth $18,853,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in TXRH. Oak Thistle LLC acquired a new position in Texas Roadhouse in the 4th quarter valued at $1,553,000. Capital World Investors raised its holdings in Texas Roadhouse by 580.2% in the 3rd quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator’s stock valued at $371,658,000 after acquiring an additional 1,908,033 shares in the last quarter. Caprock Group LLC acquired a new position in Texas Roadhouse in the 3rd quarter valued at $1,070,000. Stephens Investment Management Group LLC raised its holdings in Texas Roadhouse by 98.2% in the 4th quarter. Stephens Investment Management Group LLC now owns 370,225 shares of the restaurant operator’s stock valued at $61,457,000 after acquiring an additional 183,422 shares in the last quarter. Finally, Cinctive Capital Management LP acquired a new position in Texas Roadhouse in the 3rd quarter valued at $18,915,000. 94.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Texas Roadhouse

In related news, Director Jane Grote Abell sold 339 shares of Texas Roadhouse stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $177.43, for a total transaction of $60,148.77. Following the sale, the director directly owned 2,161 shares of the company’s stock, valued at approximately $383,426.23. The trade was a 13.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gregory N. Moore sold 1,250 shares of Texas Roadhouse stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $178.14, for a total transaction of $222,675.00. Following the sale, the director directly owned 30,900 shares in the company, valued at $5,504,526. This trade represents a 3.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 10,178 shares of company stock worth $1,794,797 in the last ninety days. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Trading Down 0.2%

Shares of TXRH opened at $167.54 on Tuesday. Texas Roadhouse, Inc. has a 52-week low of $153.82 and a 52-week high of $197.00. The business’s fifty day moving average is $168.42 and its 200-day moving average is $173.61. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.40 and a current ratio of 0.46. The firm has a market cap of $11.01 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 1.84 and a beta of 0.79.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.07. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company posted $1.70 EPS. Equities analysts anticipate that Texas Roadhouse, Inc. will post 6.4 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $3.00 annualized dividend and a dividend yield of 1.8%. Texas Roadhouse’s payout ratio is 47.92%.

Analyst Upgrades and Downgrades

TXRH has been the subject of several analyst reports. Benchmark reaffirmed a “hold” rating on shares of Texas Roadhouse in a report on Monday, February 23rd. Piper Sandler lifted their price objective on Texas Roadhouse from $190.00 to $192.00 and gave the company a “neutral” rating in a report on Monday, May 11th. TD Cowen lifted their price objective on Texas Roadhouse from $192.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Barclays dropped their price objective on Texas Roadhouse from $188.00 to $175.00 and set an “equal weight” rating for the company in a report on Friday, May 8th. Finally, BMO Capital Markets lifted their price objective on Texas Roadhouse from $165.00 to $180.00 and gave the company a “market perform” rating in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, Texas Roadhouse has a consensus rating of “Hold” and a consensus price target of $196.36.

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand?cut steaks, fall?off?the?bone ribs, chicken, seafood and house specialties. Each restaurant features a Western?themed décor, open kitchens and a signature line dance presentation of fresh, made?from?scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family?friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high?quality steaks with an approachable, community?oriented atmosphere.