Texas Roadhouse, Inc. $TXRH Stock Sold by Retirement Systems of Alabama

Retirement Systems of Alabama trimmed its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 10.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 134,050 shares of the restaurant operator’s stock after selling 16,203 shares during the quarter. Retirement Systems of Alabama owned about 0.20% of Texas Roadhouse worth $20,957,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new position in Texas Roadhouse in the 2nd quarter valued at approximately $1,273,173,000. Wellington Management Group LLP boosted its stake in Texas Roadhouse by 8.4% during the 2nd quarter. Wellington Management Group LLP now owns 1,541,791 shares of the restaurant operator’s stock valued at $297,920,000 after purchasing an additional 119,803 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Texas Roadhouse by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 864,006 shares of the restaurant operator’s stock worth $142,670,000 after purchasing an additional 34,385 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Texas Roadhouse by 38.1% in the 1st quarter. Bessemer Group Inc. now owns 732,411 shares of the restaurant operator’s stock worth $120,951,000 after purchasing an additional 202,241 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of Texas Roadhouse in the 2nd quarter worth $113,993,000. 94.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. UBS Group upped their price target on Texas Roadhouse from $210.00 to $235.00 and gave the company a “buy” rating in a report on Monday, August 3rd. BMO Capital Markets reiterated a “market perform” rating and issued a $190.00 price objective on shares of Texas Roadhouse in a report on Friday, November 6th. Robert W. Baird raised Texas Roadhouse to a “strong-buy” rating in a research report on Monday, August 24th. Morgan Stanley upped their target price on shares of Texas Roadhouse from $212.00 to $221.00 and gave the company an “overweight” rating in a research note on Thursday, October 15th. Finally, Jefferies Financial Group raised shares of Texas Roadhouse from a “hold” rating to a “buy” rating and raised their price target for the company from $186.00 to $190.00 in a report on Wednesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $208.04.

Texas Roadhouse Price Performance

Shares of NASDAQ:TXRH opened at $188.36 on Thursday. The firm’s 50 day moving average price is $172.35 and its 200-day moving average price is $179.03. Texas Roadhouse, Inc. has a twelve month low of $153.82 and a twelve month high of $216.30. The company has a quick ratio of 0.39, a current ratio of 0.38 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $12.36 billion, a PE ratio of 29.58, a price-to-earnings-growth ratio of 2.16 and a beta of 0.81.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, November 5th. The restaurant operator reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.10). Texas Roadhouse had a return on equity of 27.01% and a net margin of 6.59%. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the business posted $1.25 EPS. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. Equities research analysts expect that Texas Roadhouse, Inc. will post 6.37 EPS for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 29th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, December 1st. Texas Roadhouse’s dividend payout ratio (DPR) is currently 47.17%.

Insider Buying and Selling at Texas Roadhouse

In other news, insider Lloyd Marshall sold 500 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $204.65, for a total transaction of $102,325.00. Following the completion of the sale, the insider owned 9,826 shares of the company’s stock, valued at $2,010,890.90. The trade was a 4.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Hugh Carroll sold 650 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $203.99, for a total value of $132,593.50. Following the completion of the sale, the director owned 2,883 shares of the company’s stock, valued at $588,103.17. This trade represents a 18.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 16,970 shares of company stock worth $3,436,848. 0.50% of the stock is owned by insiders.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc. operates and franchises casual dining restaurants under the Texas Roadhouse, Bubba’s 33 and Jaggers brands. Its restaurants are known for a lively atmosphere and made-from-scratch food. The Texas Roadhouse menu features hand-cut steaks, ribs, chicken, seafood and made-from-scratch sides, along with freshly baked bread. Bubba’s 33 offers a sports-bar setting with items such as burgers, pizza and wings, while Jaggers focuses on burgers, chicken sandwiches and salads. Founded in 1993 in Clarksville, Indiana, Texas Roadhouse is headquartered in Louisville, Kentucky.