Healthcare of Ontario Pension Plan Trust Fund Purchases New Position in Texas Roadhouse, Inc. $TXRH

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 47,619 shares of the restaurant operator’s stock, valued at approximately $7,864,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TXRH. Public Employees Retirement System of Ohio grew its position in shares of Texas Roadhouse by 101.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 43,207 shares of the restaurant operator’s stock worth $7,135,000 after buying an additional 21,743 shares during the last quarter. Compound Planning Inc. raised its holdings in shares of Texas Roadhouse by 23.5% during the first quarter. Compound Planning Inc. now owns 1,739 shares of the restaurant operator’s stock valued at $287,000 after acquiring an additional 331 shares in the last quarter. Inceptionr LLC bought a new position in shares of Texas Roadhouse during the first quarter valued at approximately $1,375,000. Bank of Nova Scotia lifted its stake in Texas Roadhouse by 12.0% in the first quarter. Bank of Nova Scotia now owns 18,712 shares of the restaurant operator’s stock worth $3,090,000 after acquiring an additional 2,004 shares during the period. Finally, Sei Investments Co. lifted its stake in Texas Roadhouse by 41.1% in the first quarter. Sei Investments Co. now owns 198,481 shares of the restaurant operator’s stock worth $32,778,000 after acquiring an additional 57,853 shares during the period. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock opened at $204.78 on Wednesday. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $13.46 billion, a P/E ratio of 32.71, a P/E/G ratio of 2.22 and a beta of 0.78. The business has a fifty day simple moving average of $182.93 and a two-hundred day simple moving average of $177.71. Texas Roadhouse, Inc. has a 12 month low of $153.82 and a 12 month high of $205.50.

Texas Roadhouse (NASDAQ:TXRH) last released its 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 company’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.70 EPS. On average, equities analysts forecast that Texas Roadhouse, Inc. will post 6.45 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

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

Insiders Place Their Bets

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,250 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $178.14, for a total value of $222,675.00. Following the sale, the director owned 30,900 shares in the company, valued at approximately $5,504,526. This represents a 3.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher C. Colson sold 499 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $179.22, for a total transaction of $89,430.78. Following the transaction, the insider directly owned 14,500 shares of the company’s stock, valued at $2,598,690. This represents a 3.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 6,154 shares of company stock valued at $1,115,864. Insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on TXRH shares. JPMorgan Chase & Co. boosted their price objective on shares of Texas Roadhouse from $182.00 to $188.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Morgan Stanley reaffirmed an “overweight” rating and issued a $201.00 target price on shares of Texas Roadhouse in a research report on Friday, May 8th. Barclays reduced their price target on shares of Texas Roadhouse from $188.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Texas Roadhouse from $200.00 to $212.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Finally, BMO Capital Markets lifted their price objective on Texas Roadhouse from $165.00 to $180.00 and gave the company a “market perform” rating in a research report on Thursday, May 21st. Ten analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $194.90.

About Texas Roadhouse

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.