547 Shares in Texas Roadhouse, Inc. $TXRH Bought by Employees Retirement System of Texas

Employees Retirement System of Texas acquired a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 547 shares of the restaurant operator’s stock, valued at approximately $103,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Inceptionr LLC bought a new position in shares of Texas Roadhouse during the second quarter worth about $1,030,000. Advisors Asset Management Inc. raised its stake in Texas Roadhouse by 138.6% during the second quarter. Advisors Asset Management Inc. now owns 1,360 shares of the restaurant operator’s stock valued at $255,000 after buying an additional 790 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in Texas Roadhouse by 919.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 8,929 shares of the restaurant operator’s stock valued at $1,673,000 after buying an additional 8,053 shares in the last quarter. Global Retirement Partners LLC bought a new position in Texas Roadhouse during the 2nd quarter worth approximately $568,000. Finally, Cynosure Group LLC grew its position in shares of Texas Roadhouse by 29.1% in the 2nd quarter. Cynosure Group LLC now owns 2,370 shares of the restaurant operator’s stock worth $444,000 after acquiring an additional 534 shares in the last quarter. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Performance

Shares of TXRH opened at $175.53 on Friday. The firm has a fifty day moving average of $168.59 and a 200-day moving average of $177.92. The company has a market cap of $11.61 billion, a price-to-earnings ratio of 26.80, a price-to-earnings-growth ratio of 2.50 and a beta of 0.87. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The firm’s revenue was up 12.8% on a year-over-year basis. During the same period last year, the business earned $1.26 EPS. Analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be given a dividend of $0.68 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $2.72 annualized dividend and a dividend yield of 1.5%. Texas Roadhouse’s payout ratio is currently 41.59%.

Analysts Set New Price Targets

TXRH has been the topic of several research reports. Wall Street Zen lowered Texas Roadhouse from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. 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. JPMorgan Chase & Co. decreased their price target on shares of Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating for the company in a report on Tuesday, October 7th. Stephens lowered their price objective on shares of Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Texas Roadhouse in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued 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 presently has a consensus rating of “Moderate Buy” and an average target price of $192.95.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.