New York State Common Retirement Fund Has $13.74 Million Stock Position in Texas Roadhouse, Inc. $TXRH

New York State Common Retirement Fund lessened its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 17.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,720 shares of the restaurant operator’s stock after selling 17,774 shares during the quarter. New York State Common Retirement Fund’s holdings in Texas Roadhouse were worth $13,744,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Alliancebernstein L.P. increased its holdings in Texas Roadhouse by 528.2% in the 2nd quarter. Alliancebernstein L.P. now owns 3,172,738 shares of the restaurant operator’s stock valued at $594,603,000 after buying an additional 2,667,716 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Texas Roadhouse by 85.7% during the 2nd quarter. AQR Capital Management LLC now owns 2,343,000 shares of the restaurant operator’s stock worth $439,102,000 after acquiring an additional 1,081,413 shares during the period. Norges Bank acquired a new stake in shares of Texas Roadhouse during the 2nd quarter worth approximately $159,007,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Texas Roadhouse by 2,515.2% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 417,045 shares of the restaurant operator’s stock valued at $78,158,000 after acquiring an additional 401,098 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Texas Roadhouse by 17.2% in the second quarter. Invesco Ltd. now owns 2,603,729 shares of the restaurant operator’s stock valued at $487,965,000 after acquiring an additional 382,699 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Insider Transactions at Texas Roadhouse

In other news, Director Hugh J. Carroll sold 1,000 shares of Texas Roadhouse stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $167.27, for a total transaction of $167,270.00. Following the transaction, the director owned 1,854 shares in the company, valued at approximately $310,118.58. The trade was a 35.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gregory N. Moore sold 1,400 shares of the stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $170.00, for a total value of $238,000.00. Following the completion of the sale, the director owned 32,150 shares of the company’s stock, valued at $5,465,500. The trade was a 4.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 12,400 shares of company stock worth $2,320,920. Company insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TXRH shares. Barclays upped their target price on Texas Roadhouse from $170.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 7th. JPMorgan Chase & Co. dropped their price objective on Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating for the company in a research report on Tuesday, October 7th. UBS Group reiterated a “buy” rating on shares of Texas Roadhouse in a research report on Monday, November 10th. Mizuho raised Texas Roadhouse to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, Royal Bank Of Canada dropped their target price on shares of Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating for the company in a report on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.29.

Texas Roadhouse Trading Up 1.5%

Shares of TXRH stock opened at $182.60 on Tuesday. The business’s 50-day moving average price is $176.81 and its 200-day moving average price is $173.47. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $199.99. The firm has a market capitalization of $12.08 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 2.94 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.03). Texas Roadhouse had a net margin of 7.49% and a return on equity of 30.59%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the company earned $1.26 EPS. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, sell-side analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $2.72 annualized dividend and a dividend yield of 1.5%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.59%.

Texas Roadhouse Company Profile

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.