Public Employees Retirement System of Ohio Sells 26,054 Shares of Texas Roadhouse, Inc. $TXRH

Public Employees Retirement System of Ohio lowered its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 54.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,089 shares of the restaurant operator’s stock after selling 26,054 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Texas Roadhouse were worth $4,140,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in TXRH. Wealth Enhancement Advisory Services LLC boosted its stake in Texas Roadhouse by 21.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,774 shares of the restaurant operator’s stock worth $1,944,000 after purchasing an additional 1,880 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in Texas Roadhouse by 41.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator’s stock worth $63,000 after purchasing an additional 112 shares during the period. Versant Capital Management Inc boosted its stake in Texas Roadhouse by 153.9% in the 1st quarter. Versant Capital Management Inc now owns 457 shares of the restaurant operator’s stock worth $76,000 after purchasing an additional 277 shares during the period. GAMMA Investing LLC boosted its stake in Texas Roadhouse by 19,250.9% in the 1st quarter. GAMMA Investing LLC now owns 325,095 shares of the restaurant operator’s stock worth $54,171,000 after purchasing an additional 323,415 shares during the period. Finally, Merit Financial Group LLC boosted its stake in Texas Roadhouse by 237.8% in the 1st quarter. Merit Financial Group LLC now owns 7,154 shares of the restaurant operator’s stock worth $1,192,000 after purchasing an additional 5,036 shares during the period. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Performance

Shares of TXRH stock opened at $166.15 on Wednesday. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $206.04. The stock has a 50 day moving average price of $173.11 and a two-hundred day moving average price of $177.20. The company has a market capitalization of $11.04 billion, a P/E ratio of 25.37, a PEG ratio of 2.28 and a beta of 0.84.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.09). Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the firm posted $1.79 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, equities analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd were given a $0.68 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $2.72 annualized dividend and a yield of 1.6%. Texas Roadhouse’s payout ratio is presently 41.53%.

Analysts Set New Price Targets

Several research analysts have commented on TXRH shares. The Goldman Sachs Group raised their target price on Texas Roadhouse from $184.00 to $205.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 4th. Melius Research raised Texas Roadhouse to a “strong-buy” rating in a report on Monday, July 14th. Citigroup boosted their price objective on Texas Roadhouse from $180.00 to $197.00 and gave the stock a “neutral” rating in a report on Tuesday, July 29th. Morgan Stanley boosted their price objective on Texas Roadhouse from $200.00 to $205.00 and gave the stock an “overweight” rating in a report on Monday, July 14th. Finally, Evercore ISI lowered Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 price objective for the company. in a report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $197.35.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, President Regina A. Tobin sold 3,153 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $173.53, for a total value of $547,140.09. Following the completion of the sale, the president owned 15,261 shares in the company, valued at approximately $2,648,241.33. The trade was a 17.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Hernan E. Mujica sold 2,189 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $172.40, for a total value of $377,383.60. Following the transaction, the chief technology officer owned 17,553 shares of the company’s stock, valued at approximately $3,026,137.20. This represents a 11.09% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,342 shares of company stock worth $1,443,704. 0.50% of the stock is currently owned by insiders.

About Texas Roadhouse

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also 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.