Virginia Retirement Systems ET AL Has $1.96 Million Position in Texas Roadhouse, Inc. (TXRH)
Virginia Retirement Systems ET AL reduced its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 77.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,400 shares of the restaurant operator’s stock after selling 134,400 shares during the period. Virginia Retirement Systems ET AL owned about 0.05% of Texas Roadhouse worth $1,956,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in TXRH. YorkBridge Wealth Partners LLC raised its stake in Texas Roadhouse by 22.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 2,072 shares of the restaurant operator’s stock worth $106,000 after buying an additional 375 shares during the period. Creative Planning raised its stake in Texas Roadhouse by 11.2% in the second quarter. Creative Planning now owns 2,223 shares of the restaurant operator’s stock worth $113,000 after buying an additional 224 shares during the period. Public Employees Retirement System of Ohio raised its stake in Texas Roadhouse by 4.3% in the first quarter. Public Employees Retirement System of Ohio now owns 3,393 shares of the restaurant operator’s stock worth $151,000 after buying an additional 141 shares during the period. Victory Capital Management Inc. raised its stake in Texas Roadhouse by 227.8% in the first quarter. Victory Capital Management Inc. now owns 4,170 shares of the restaurant operator’s stock worth $186,000 after buying an additional 2,898 shares during the period. Finally, World Asset Management Inc bought a new stake in Texas Roadhouse during the second quarter worth approximately $206,000. Hedge funds and other institutional investors own 86.22% of the company’s stock.
Texas Roadhouse, Inc. (NASDAQ:TXRH) opened at 46.85 on Thursday. The company’s 50-day moving average price is $49.28 and its 200-day moving average price is $47.43. The firm has a market capitalization of $3.33 billion, a P/E ratio of 28.21 and a beta of 0.54. Texas Roadhouse, Inc. has a 1-year low of $37.23 and a 1-year high of $51.91.
Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Monday, July 31st. The restaurant operator reported $0.53 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. The company had revenue of $566.30 million during the quarter, compared to the consensus estimate of $563.23 million. Texas Roadhouse had a net margin of 5.63% and a return on equity of 16.49%. Texas Roadhouse’s revenue was up 11.3% compared to the same quarter last year. During the same period last year, the firm earned $0.47 earnings per share. Equities research analysts expect that Texas Roadhouse, Inc. will post $1.93 earnings per share for the current fiscal year.
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Several equities research analysts recently commented on the company. Longbow Research restated a “buy” rating and set a $56.00 target price on shares of Texas Roadhouse in a research report on Monday, July 3rd. BidaskClub upgraded Texas Roadhouse from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Zacks Investment Research upgraded Texas Roadhouse from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research report on Friday, July 21st. Maxim Group restated a “buy” rating and set a $55.00 target price on shares of Texas Roadhouse in a research report on Friday, July 28th. Finally, BMO Capital Markets restated a “buy” rating and set a $58.00 target price on shares of Texas Roadhouse in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $50.56.
In other Texas Roadhouse news, insider S. Chris Jacobsen sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $49.25, for a total value of $123,125.00. Following the completion of the sale, the insider now directly owns 15,184 shares in the company, valued at $747,812. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 7.40% of the stock is owned by company insiders.
Texas Roadhouse Company Profile
Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.
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