Texas Roadhouse Inc. (TXRH) Position Held by Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado maintained its stake in Texas Roadhouse Inc. (NASDAQ:TXRH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 391,400 shares of the company’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado owned about 0.56% of Texas Roadhouse worth $17,848,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of TXRH. Retirement Systems of Alabama boosted its stake in Texas Roadhouse by 28.8% in the second quarter. Retirement Systems of Alabama now owns 365,539 shares of the company’s stock valued at $16,669,000 after buying an additional 81,639 shares during the period. Boston Advisors LLC acquired a new stake in Texas Roadhouse during the second quarter valued at approximately $10,006,000. Seven Bridges Advisors LLC boosted its stake in Texas Roadhouse by 3.0% in the second quarter. Seven Bridges Advisors LLC now owns 6,239 shares of the company’s stock valued at $284,000 after buying an additional 184 shares during the period. Parametrica Management Ltd acquired a new stake in Texas Roadhouse during the second quarter valued at approximately $224,000. Finally, LS Investment Advisors LLC boosted its stake in shares of Texas Roadhouse by 66.1% in the second quarter. LS Investment Advisors LLC now owns 3,891 shares of the company’s stock worth $177,000 after buying an additional 1,548 shares during the last quarter. Institutional investors own 88.84% of the company’s stock.
Texas Roadhouse Inc. (NASDAQ:TXRH) traded down 0.16% during midday trading on Tuesday, hitting $37.83. The company had a trading volume of 502,466 shares. The company has a market cap of $2.66 billion, a P/E ratio of 23.79 and a beta of 0.54. The company’s 50 day moving average is $42.40 and its 200-day moving average is $44.17. Texas Roadhouse Inc. has a one year low of $33.06 and a one year high of $49.00.
Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Monday, August 1st. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.02. Texas Roadhouse had a return on equity of 16.78% and a net margin of 5.88%. The company had revenue of $509 million for the quarter, compared to analyst estimates of $509.80 million. During the same period in the prior year, the firm posted $0.30 EPS. The business’s revenue was up 11.9% compared to the same quarter last year. On average, equities analysts predict that Texas Roadhouse Inc. will post $1.78 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, September 14th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.01%. The ex-dividend date was Monday, September 12th. Texas Roadhouse’s payout ratio is currently 48.10%.
A number of brokerages have recently issued reports on TXRH. Telsey Advisory Group cut Texas Roadhouse from an “outperform” rating to a “market perform” rating and set a $48.00 target price for the company. in a report on Tuesday, July 26th. Jefferies Group cut Texas Roadhouse from a “hold” rating to an “underperform” rating and set a $37.00 target price for the company. in a report on Tuesday, July 26th. Stifel Nicolaus cut Texas Roadhouse from a “buy” rating to a “hold” rating and decreased their target price for the stock from $50.00 to $47.00 in a report on Tuesday, July 26th. RBC Capital Markets reiterated a “sector perform” rating and set a $46.00 target price (up previously from $44.00) on shares of Texas Roadhouse in a report on Tuesday, August 2nd. Finally, Credit Suisse Group AG reiterated a “hold” rating and set a $42.00 target price on shares of Texas Roadhouse in a report on Tuesday, August 2nd. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and three have assigned a buy rating to the stock. Texas Roadhouse currently has a consensus rating of “Hold” and a consensus target price of $43.78.
In other news, CEO Wayne Kent Taylor sold 150,000 shares of the stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $46.03, for a total transaction of $6,904,500.00. Following the transaction, the chief executive officer now owns 4,363,261 shares of the company’s stock, valued at approximately $200,840,903.83. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James R. Zarley acquired 23,800 shares of the stock in a transaction dated Wednesday, August 3rd. The shares were bought at an average cost of $42.23 per share, for a total transaction of $1,005,074.00. Following the acquisition, the director now owns 104,000 shares in the company, valued at approximately $4,391,920. The disclosure for this purchase can be found here. Insiders own 7.40% of the company’s stock.
About Texas Roadhouse
Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks hand-cut daily on the premises and cooked to order over open grills. In addition to steaks, the Company also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, and an assortment of hamburgers, salads and sandwiches.
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