Pensioenfonds Rail & OV Makes New $4.04 Million Investment in Texas Roadhouse, Inc. $TXRH

Pensioenfonds Rail & OV purchased a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 25,848 shares of the restaurant operator’s stock, valued at approximately $4,041,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Aberdeen Group plc boosted its position in Texas Roadhouse by 109.5% in the third quarter. Aberdeen Group plc now owns 151,980 shares of the restaurant operator’s stock worth $23,761,000 after purchasing an additional 79,435 shares during the last quarter. Eurizon Capital SGR S.p.A. grew its stake in shares of Texas Roadhouse by 38.1% during the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 975 shares of the restaurant operator’s stock valued at $154,000 after purchasing an additional 269 shares during the period. R Squared Ltd bought a new stake in shares of Texas Roadhouse during the 3rd quarter valued at about $414,000. Machina Capital S.A.S. bought a new stake in shares of Texas Roadhouse during the 3rd quarter valued at about $643,000. Finally, Bahl & Gaynor LLC increased its position in shares of Texas Roadhouse by 2.7% during the 3rd quarter. Bahl & Gaynor LLC now owns 346,038 shares of the restaurant operator’s stock valued at $54,100,000 after purchasing an additional 9,095 shares during the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Texas Roadhouse

In other news, CEO Gerald L. Morgan sold 15,000 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $202.17, for a total transaction of $3,032,550.00. Following the sale, the chief executive officer directly owned 80,970 shares in the company, valued at $16,369,704.90. This trade represents a 15.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hugh J. Carroll sold 650 shares of Texas Roadhouse stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $203.99, for a total transaction of $132,593.50. Following the transaction, the director owned 2,883 shares in the company, valued at approximately $588,103.17. This trade represents a 18.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 18,286 shares of company stock valued at $3,687,138. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Performance

Shares of TXRH stock traded down $0.01 during trading hours on Friday, reaching $185.98. 715,207 shares of the company traded hands, compared to its average volume of 1,247,134. The firm has a 50-day moving average price of $172.19 and a 200 day moving average price of $179.03. The company has a market cap of $12.21 billion, a P/E ratio of 29.24, a P/E/G ratio of 2.14 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 12-month low of $153.82 and a 12-month high of $216.30.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, November 5th. The restaurant operator reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.10). Texas Roadhouse had a return on equity of 27.01% and a net margin of 6.59%. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the company posted $1.25 earnings per share. The company’s revenue was up 9.5% compared to the same quarter last year. As a group, sell-side analysts predict that Texas Roadhouse, Inc. will post 6.37 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. UBS Group increased their price objective on shares of Texas Roadhouse from $210.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Weiss Ratings downgraded shares of Texas Roadhouse from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, November 9th. Mizuho boosted their target price 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. Barclays cut shares of Texas Roadhouse from an “equal weight” rating to a “cautious” rating in a report on Wednesday, October 14th. Finally, Deutsche Bank reiterated a “buy” rating and issued a $235.00 price target on shares of Texas Roadhouse in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $208.04.

Texas Roadhouse 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.