California Public Employees Retirement System decreased its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH – Free Report) by 7.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 136,721 shares of the restaurant operator’s stock after selling 10,354 shares during the period. California Public Employees Retirement System owned about 0.20% of Texas Roadhouse worth $15,351,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. Creative Planning raised its stake in Texas Roadhouse by 19.2% in the second quarter. Creative Planning now owns 7,933 shares of the restaurant operator’s stock worth $891,000 after buying an additional 1,279 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of Texas Roadhouse by 6.1% during the first quarter. Los Angeles Capital Management LLC now owns 46,500 shares of the restaurant operator’s stock worth $5,025,000 after purchasing an additional 2,659 shares in the last quarter. B. Metzler seel. Sohn & Co. AG increased its position in shares of Texas Roadhouse by 9.6% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 18,541 shares of the restaurant operator’s stock worth $2,004,000 after purchasing an additional 1,621 shares in the last quarter. Independent Advisor Alliance increased its position in shares of Texas Roadhouse by 4.1% during the second quarter. Independent Advisor Alliance now owns 7,993 shares of the restaurant operator’s stock worth $897,000 after purchasing an additional 314 shares in the last quarter. Finally, Threadgill Financial LLC acquired a new position in shares of Texas Roadhouse during the second quarter worth $1,333,000. Institutional investors own 97.24% of the company’s stock.
Wall Street Analysts Forecast Growth
TXRH has been the topic of a number of research analyst reports. Guggenheim reissued a “buy” rating and set a $130.00 price objective on shares of Texas Roadhouse in a report on Wednesday, August 23rd. Deutsche Bank Aktiengesellschaft started coverage on shares of Texas Roadhouse in a report on Thursday, October 19th. They issued a “buy” rating and a $111.00 price target on the stock. Wedbush reaffirmed an “outperform” rating and issued a $110.00 price target on shares of Texas Roadhouse in a report on Friday, October 27th. Citigroup lowered their price target on shares of Texas Roadhouse from $128.00 to $121.00 and set a “buy” rating on the stock in a report on Wednesday, October 11th. Finally, Truist Financial lowered their price target on shares of Texas Roadhouse from $129.00 to $124.00 and set a “buy” rating on the stock in a report on Friday, October 27th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $118.35.
Texas Roadhouse Stock Up 0.5 %
TXRH opened at $110.78 on Monday. Texas Roadhouse, Inc. has a twelve month low of $90.38 and a twelve month high of $118.16. The company has a 50-day moving average price of $99.21 and a 200 day moving average price of $105.84. The company has a market cap of $7.40 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 1.50 and a beta of 0.93.
Texas Roadhouse (NASDAQ:TXRH – Get Free Report) last released its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.95 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.10). Texas Roadhouse had a return on equity of 27.09% and a net margin of 6.53%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the company earned $0.93 EPS. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. As a group, sell-side analysts expect that Texas Roadhouse, Inc. will post 4.53 earnings per share for the current year.
Texas Roadhouse Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Wednesday, December 6th will be issued a $0.55 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $2.20 dividend on an annualized basis and a yield of 1.99%. Texas Roadhouse’s payout ratio is 50.69%.
About Texas Roadhouse
Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.
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