Employees Retirement System of Texas Has $2.34 Million Holdings in Texas Roadhouse, Inc. (TXRH)

Employees Retirement System of Texas boosted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 170.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,000 shares of the restaurant operator’s stock after buying an additional 29,000 shares during the period. Employees Retirement System of Texas owned 0.06% of Texas Roadhouse worth $2,344,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. increased its position in Texas Roadhouse by 1.2% in the second quarter. BlackRock Inc. now owns 6,619,255 shares of the restaurant operator’s stock worth $337,251,000 after buying an additional 76,918 shares during the period. Vanguard Group Inc. increased its position in Texas Roadhouse by 1.8% in the second quarter. Vanguard Group Inc. now owns 5,195,450 shares of the restaurant operator’s stock worth $264,708,000 after buying an additional 91,825 shares during the period. State Street Corp increased its position in Texas Roadhouse by 2.9% in the first quarter. State Street Corp now owns 2,112,603 shares of the restaurant operator’s stock worth $94,078,000 after buying an additional 60,092 shares during the period. Dimensional Fund Advisors LP increased its position in Texas Roadhouse by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,651,685 shares of the restaurant operator’s stock worth $84,154,000 after buying an additional 24,577 shares during the period. Finally, Congress Asset Management Co. MA increased its position in Texas Roadhouse by 6.5% in the second quarter. Congress Asset Management Co. MA now owns 1,474,080 shares of the restaurant operator’s stock worth $75,104,000 after buying an additional 90,031 shares during the period. 85.98% of the stock is currently owned by hedge funds and other institutional investors.

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Several equities research analysts have weighed in on TXRH shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $58.00 target price on shares of Texas Roadhouse in a research report on Wednesday, August 2nd. Maxim Group reaffirmed a “buy” rating and issued a $55.00 target price on shares of Texas Roadhouse in a research report on Friday, July 28th. BidaskClub lowered Texas Roadhouse from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. Longbow Research reaffirmed a “buy” rating and issued a $56.00 target price on shares of Texas Roadhouse in a research report on Monday, July 3rd. Finally, Zacks Investment Research raised Texas Roadhouse from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $50.79.

In other news, Director Kathy Widmer sold 2,000 shares of the business’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $47.95, for a total transaction of $95,900.00. Following the completion of the sale, the director now owns 11,750 shares in the company, valued at $563,412.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider S. Chris Jacobsen sold 2,500 shares of the business’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $49.25, for a total value of $123,125.00. Following the sale, the insider now owns 15,184 shares of the company’s stock, valued at approximately $747,812. The disclosure for this sale can be found here. Insiders own 6.60% of the company’s stock.

Texas Roadhouse, Inc. (TXRH) opened at 49.59 on Wednesday. The company’s 50-day moving average price is $48.07 and its 200 day moving average price is $48.38. Texas Roadhouse, Inc. has a 52 week low of $37.97 and a 52 week high of $51.91. The company has a market cap of $3.52 billion, a PE ratio of 29.86 and a beta of 0.57.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Monday, July 31st. The restaurant operator reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. The company had revenue of $566.30 million during the quarter, compared to the consensus estimate of $563.23 million. Texas Roadhouse had a return on equity of 16.49% and a net margin of 5.63%. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.47 earnings per share. On average, analysts anticipate that Texas Roadhouse, Inc. will post $1.93 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th were given a dividend of $0.21 per share. The ex-dividend date was Tuesday, September 12th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.69%. Texas Roadhouse’s payout ratio is currently 50.60%.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.

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Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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