VIRGINIA RETIREMENT SYSTEMS ET Al Cuts Holdings in Texas Roadhouse, Inc. $TXRH

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 67.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,340 shares of the restaurant operator’s stock after selling 4,800 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Texas Roadhouse were worth $389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of TXRH. Fort Washington Investment Advisors Inc. OH increased its holdings in Texas Roadhouse by 36.6% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 123,511 shares of the restaurant operator’s stock worth $20,521,000 after buying an additional 33,113 shares in the last quarter. Ethic Inc. grew its stake in shares of Texas Roadhouse by 77.2% in the third quarter. Ethic Inc. now owns 6,644 shares of the restaurant operator’s stock worth $1,104,000 after acquiring an additional 2,895 shares during the period. Encompass More Asset Management bought a new stake in shares of Texas Roadhouse in the third quarter worth approximately $292,000. Sowell Financial Services LLC raised its holdings in shares of Texas Roadhouse by 19.6% during the third quarter. Sowell Financial Services LLC now owns 1,606 shares of the restaurant operator’s stock valued at $267,000 after purchasing an additional 263 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Texas Roadhouse by 10.8% during the third quarter. Blue Trust Inc. now owns 2,616 shares of the restaurant operator’s stock valued at $435,000 after purchasing an additional 254 shares during the last quarter. 94.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

TXRH has been the topic of several research reports. Royal Bank Of Canada dropped their target price on shares of Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating on the stock in a report on Friday, November 7th. BMO Capital Markets set a $170.00 target price on shares of Texas Roadhouse and gave the company a “market perform” rating in a research note on Tuesday. Zacks Research downgraded Texas Roadhouse from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Texas Roadhouse in a report on Monday, December 29th. Finally, Wall Street Zen cut Texas Roadhouse from a “hold” rating to a “sell” rating in a research report on Saturday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $193.05.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $174.32 on Tuesday. The company has a market cap of $11.53 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 2.70 and a beta of 0.89. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $199.99. The firm has a fifty day moving average price of $168.71 and a 200-day moving average price of $173.53.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.03). Texas Roadhouse had a net margin of 7.49% and a return on equity of 30.59%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the firm posted $1.26 earnings per share. Texas Roadhouse’s revenue for the quarter was up 12.8% on a year-over-year basis. Equities research analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, December 2nd. Texas Roadhouse’s payout ratio is presently 41.59%.

Insider Buying and Selling

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,400 shares of Texas Roadhouse stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $170.00, for a total transaction of $238,000.00. Following the transaction, the director owned 32,150 shares of the company’s stock, valued at $5,465,500. The trade was a 4.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hugh J. Carroll sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $167.27, for a total transaction of $167,270.00. Following the completion of the transaction, the director owned 1,854 shares of the company’s stock, valued at approximately $310,118.58. The trade was a 35.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Company 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.