Public Employees Retirement System of Ohio Takes $8.83 Million Position in Texas Roadhouse, Inc. $TXRH

Public Employees Retirement System of Ohio acquired a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 45,684 shares of the restaurant operator’s stock, valued at approximately $8,828,000. Public Employees Retirement System of Ohio owned about 0.07% of Texas Roadhouse at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. NewEdge Advisors LLC grew its holdings in shares of Texas Roadhouse by 12.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,423 shares of the restaurant operator’s stock valued at $404,000 after buying an additional 259 shares during the period. Focus Partners Wealth lifted its holdings in Texas Roadhouse by 23.3% during the first quarter. Focus Partners Wealth now owns 6,124 shares of the restaurant operator’s stock worth $1,020,000 after acquiring an additional 1,157 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Texas Roadhouse by 36.0% during the first quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock worth $70,000 after acquiring an additional 111 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Texas Roadhouse in the second quarter valued at about $657,000. Finally, Marshall Wace LLP acquired a new position in Texas Roadhouse in the second quarter valued at about $1,936,000. Institutional investors own 94.82% of the company’s stock.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Hugh J. Carroll sold 650 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $203.99, for a total transaction of $132,593.50. Following the sale, the director directly owned 2,883 shares of the company’s stock, valued at $588,103.17. The trade was a 18.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gerald L. Morgan sold 15,000 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $202.17, for a total transaction of $3,032,550.00. Following the transaction, the chief executive officer owned 80,970 shares of the company’s stock, valued at approximately $16,369,704.90. This represents a 15.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 20,396 shares of company stock valued at $4,143,825 in the last three months. 0.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently commented on TXRH. Piper Sandler raised their price target on Texas Roadhouse from $192.00 to $208.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Stephens boosted their price objective on Texas Roadhouse from $180.00 to $205.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Wall Street Zen raised Texas Roadhouse from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. Guggenheim restated a “buy” rating and set a $210.00 target price on shares of Texas Roadhouse in a report on Monday, May 18th. Finally, Stifel Nicolaus lifted their price target on shares of Texas Roadhouse from $170.00 to $180.00 and gave the company a “hold” rating in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $208.48.

Texas Roadhouse Stock Down 1.7%

Shares of Texas Roadhouse stock opened at $195.60 on Tuesday. The business’s 50 day simple moving average is $198.51 and its 200 day simple moving average is $180.80. Texas Roadhouse, Inc. has a 52-week low of $153.82 and a 52-week high of $216.30. The firm has a market cap of $12.84 billion, a PE ratio of 31.30, a P/E/G ratio of 1.97 and a beta of 0.79. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.39 and a current ratio of 0.46.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The business’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.86 EPS. On average, analysts predict that Texas Roadhouse, Inc. will post 6.63 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.75 per share. The ex-dividend date is Tuesday, September 1st. This represents a $3.00 annualized dividend and a yield of 1.5%. Texas Roadhouse’s dividend payout ratio is presently 48.00%.

Texas Roadhouse 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.