Public Employees Retirement System of Ohio Purchases 21,743 Shares of Texas Roadhouse, Inc. $TXRH

Public Employees Retirement System of Ohio grew its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 101.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 43,207 shares of the restaurant operator’s stock after purchasing an additional 21,743 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Texas Roadhouse were worth $7,135,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Compound Planning Inc. lifted its position in shares of Texas Roadhouse by 23.5% during the 1st quarter. Compound Planning Inc. now owns 1,739 shares of the restaurant operator’s stock worth $287,000 after purchasing an additional 331 shares during the last quarter. Inceptionr LLC bought a new position in Texas Roadhouse in the 1st quarter worth approximately $1,375,000. Bank of Nova Scotia lifted its holdings in shares of Texas Roadhouse by 12.0% during the first quarter. Bank of Nova Scotia now owns 18,712 shares of the restaurant operator’s stock worth $3,090,000 after buying an additional 2,004 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Texas Roadhouse by 41.1% during the first quarter. Sei Investments Co. now owns 198,481 shares of the restaurant operator’s stock worth $32,778,000 after buying an additional 57,853 shares during the last quarter. Finally, Lido Advisors LLC boosted its position in shares of Texas Roadhouse by 20.7% in the first quarter. Lido Advisors LLC now owns 1,924 shares of the restaurant operator’s stock valued at $318,000 after acquiring an additional 330 shares during the period. 94.82% of the stock is currently owned by institutional investors.

Insider Activity at Texas Roadhouse

In related news, Director Curtis Warfield sold 2,640 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $183.05, for a total value of $483,252.00. Following the completion of the transaction, the director owned 5,361 shares of the company’s stock, valued at $981,331.05. This represents a 33.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Lloyd Paul Marshall sold 1,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $178.34, for a total transaction of $178,340.00. Following the completion of the transaction, the insider directly owned 10,326 shares of the company’s stock, valued at $1,841,538.84. This trade represents a 8.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,154 shares of company stock worth $1,115,864 in the last ninety days. Company insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Wall Street Zen raised shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. Morgan Stanley restated an “overweight” rating and issued a $201.00 price target on shares of Texas Roadhouse in a research report on Friday, May 8th. Piper Sandler boosted their price objective on shares of Texas Roadhouse from $190.00 to $192.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Royal Bank Of Canada raised shares of Texas Roadhouse from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $180.00 to $210.00 in a research report on Friday, May 15th. Finally, Wells Fargo & Company increased their target price on shares of Texas Roadhouse from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Ten analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $194.90.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH opened at $204.78 on Wednesday. The firm has a market capitalization of $13.46 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 2.22 and a beta of 0.78. Texas Roadhouse, Inc. has a one year low of $153.82 and a one year high of $205.50. The business has a fifty day simple moving average of $182.93 and a 200 day simple moving average of $177.71. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 0.03.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.07. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The business’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.70 earnings per share. Sell-side analysts expect that Texas Roadhouse, Inc. will post 6.45 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 2nd were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, June 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is presently 47.92%.

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.