New York State Common Retirement Fund grew its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 4.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 132,760 shares of the restaurant operator’s stock after purchasing an additional 5,825 shares during the period. New York State Common Retirement Fund owned approximately 0.19% of Texas Roadhouse worth $8,070,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of TXRH. Nordea Investment Management AB increased its position in shares of Texas Roadhouse by 173.4% in the second quarter. Nordea Investment Management AB now owns 4,231,264 shares of the restaurant operator’s stock valued at $220,702,000 after acquiring an additional 2,683,671 shares during the last quarter. Macquarie Group Ltd. increased its position in Texas Roadhouse by 38.2% during the second quarter. Macquarie Group Ltd. now owns 1,707,607 shares of the restaurant operator’s stock worth $89,769,000 after buying an additional 471,698 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Texas Roadhouse by 37.5% during the second quarter. Thrivent Financial for Lutherans now owns 1,047,531 shares of the restaurant operator’s stock worth $55,068,000 after buying an additional 285,426 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Texas Roadhouse by 111.2% during the second quarter. Goldman Sachs Group Inc. now owns 1,017,523 shares of the restaurant operator’s stock worth $53,492,000 after buying an additional 535,729 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its position in Texas Roadhouse by 50.1% during the second quarter. Point72 Asset Management L.P. now owns 529,849 shares of the restaurant operator’s stock worth $27,854,000 after buying an additional 176,914 shares during the last quarter. Institutional investors own 93.33% of the company’s stock.

In other news, CEO Wayne Kent Taylor sold 100,000 shares of the stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $69.24, for a total transaction of $6,924,000.00. Following the transaction, the chief executive officer now owns 3,568,944 shares of the company’s stock, valued at approximately $247,113,682.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory N. Moore sold 1,000 shares of the firm’s stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $70.58, for a total transaction of $70,580.00. The disclosure for this sale can be found here. Insiders have sold a total of 626,381 shares of company stock worth $42,735,588 in the last three months. Insiders own 6.16% of the company’s stock.

TXRH has been the topic of a number of recent analyst reports. Telsey Advisory Group boosted their price target on Texas Roadhouse from $50.00 to $64.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 4th. BidaskClub downgraded Texas Roadhouse from a “buy” rating to a “hold” rating in a research report on Wednesday, October 28th. Credit Suisse Group upped their target price on Texas Roadhouse from $67.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, October 29th. Zacks Investment Research raised Texas Roadhouse from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research report on Thursday, November 5th. Finally, MKM Partners boosted their price target on Texas Roadhouse from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday, October 29th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $67.13.

Shares of Texas Roadhouse stock opened at $73.91 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average price of $71.33 and a two-hundred day moving average price of $59.49. Texas Roadhouse, Inc. has a 1-year low of $25.15 and a 1-year high of $84.27. The company has a market cap of $5.14 billion, a P/E ratio of 83.99, a PEG ratio of 21.46 and a beta of 0.97.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Wednesday, October 28th. The restaurant operator reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.22. Texas Roadhouse had a return on equity of 6.79% and a net margin of 2.46%. Equities research analysts forecast that Texas Roadhouse, Inc. will post 0.34 EPS for the current fiscal year.

Texas Roadhouse Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of December 31, 2019, it operated 514 domestic restaurants and 97 franchise restaurants.

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Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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