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

Retirement Systems of Alabama trimmed its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 10.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 134,050 shares of the restaurant operator’s stock after selling 16,203 shares during the quarter. Retirement Systems of Alabama’s holdings in Texas Roadhouse were worth $20,957,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TXRH. Basecamp Wealth Advisors LLC lifted its holdings in Texas Roadhouse by 5,033.3% during the first quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 151 shares in the last quarter. Signature Equity Partners LLC boosted its position in shares of Texas Roadhouse by 906.2% in the third quarter. Signature Equity Partners LLC now owns 161 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 145 shares during the period. Silvant Capital Management LLC purchased a new stake in shares of Texas Roadhouse in the second quarter worth $32,000. Coppell Advisory Solutions LLC purchased a new stake in shares of Texas Roadhouse in the second quarter worth $38,000. Finally, Western Wealth Management LLC purchased a new stake in shares of Texas Roadhouse in the first quarter worth $47,000. Institutional investors own 94.82% of the company’s stock.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Donna Epps sold 820 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $206.56, for a total value of $169,379.20. Following the sale, the director owned 4,042 shares in the company, valued at $834,915.52. The trade was a 16.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hugh Carroll sold 650 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $203.99, for a total transaction of $132,593.50. Following the completion of the sale, the director owned 2,883 shares in the company, valued at approximately $588,103.17. The trade was a 18.40% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 16,970 shares of company stock valued at $3,436,848. 0.50% of the stock is currently owned by insiders.

Texas Roadhouse Trading Up 0.1%

Texas Roadhouse stock opened at $188.36 on Thursday. The stock has a market cap of $12.36 billion, a P/E ratio of 29.58, a PEG ratio of 2.16 and a beta of 0.81. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.38 and a quick ratio of 0.39. Texas Roadhouse, Inc. has a 1 year low of $153.82 and a 1 year high of $216.30. The firm’s 50 day moving average price is $172.35 and its 200-day moving average price is $179.03.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, November 5th. The restaurant operator reported $1.36 earnings per share 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 company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the prior year, the company posted $1.25 EPS. Texas Roadhouse’s revenue was up 9.5% compared to the same quarter last year. On average, equities analysts predict that Texas Roadhouse, Inc. will post 6.37 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 29th. Shareholders of record on Tuesday, December 1st will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, December 1st. Texas Roadhouse’s payout ratio is currently 47.17%.

Analysts Set New Price Targets

Several brokerages have recently commented on TXRH. Mizuho raised their price objective on shares of Texas Roadhouse from $190.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, October 30th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $190.00 target price on shares of Texas Roadhouse in a report on Friday, November 6th. Piper Sandler upped their target price on shares of Texas Roadhouse from $192.00 to $208.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Bank of America raised their price target on Texas Roadhouse from $225.00 to $227.00 and gave the company a “buy” rating in a report on Friday, November 6th. Finally, Jefferies Financial Group raised 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 equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $208.04.

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.