Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Acquired by Arizona State Retirement System

Arizona State Retirement System boosted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 19,339 shares of the restaurant operator’s stock after purchasing an additional 107 shares during the quarter. Arizona State Retirement System’s holdings in Texas Roadhouse were worth $3,489,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. purchased a new stake in shares of Texas Roadhouse during the third quarter worth approximately $1,303,000. Summit Global Investments acquired a new stake in Texas Roadhouse during the 3rd quarter worth $944,000. Assetmark Inc. grew its holdings in shares of Texas Roadhouse by 1,042.2% during the third quarter. Assetmark Inc. now owns 9,709 shares of the restaurant operator’s stock worth $1,715,000 after buying an additional 8,859 shares in the last quarter. Versor Investments LP grew its holdings in shares of Texas Roadhouse by 153.7% during the third quarter. Versor Investments LP now owns 13,621 shares of the restaurant operator’s stock worth $2,405,000 after buying an additional 8,252 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in shares of Texas Roadhouse by 10.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,054 shares of the restaurant operator’s stock valued at $2,305,000 after buying an additional 1,221 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TXRH shares. Stephens dropped their price objective on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, February 21st. Morgan Stanley upgraded Texas Roadhouse from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $205.00 to $213.00 in a research report on Tuesday, January 21st. Citigroup increased their price target on Texas Roadhouse from $212.00 to $213.00 and gave the company a “buy” rating in a report on Friday, February 21st. Guggenheim lowered their price objective on Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Finally, Gordon Haskett downgraded Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price for the company. in a research note on Wednesday, January 8th. Eleven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.73.

Insider Activity

In other news, Director Curtis Warfield sold 4,190 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $178.80, for a total transaction of $749,172.00. Following the completion of the transaction, the director now directly owns 10,082 shares of the company’s stock, valued at approximately $1,802,661.60. This represents a 29.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Christopher C. Colson sold 580 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $181.94, for a total value of $105,525.20. Following the completion of the transaction, the insider now owns 12,000 shares in the company, valued at approximately $2,183,280. The trade was a 4.61 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,905 shares of company stock worth $3,198,367. 0.50% of the stock is currently owned by corporate insiders.

Texas Roadhouse Price Performance

TXRH opened at $179.03 on Monday. The business has a fifty day moving average price of $178.57 and a 200 day moving average price of $181.07. Texas Roadhouse, Inc. has a 12 month low of $146.75 and a 12 month high of $206.04. The stock has a market capitalization of $11.94 billion, a price-to-earnings ratio of 27.67, a PEG ratio of 1.23 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. On average, research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a $0.68 dividend. The ex-dividend date is Tuesday, March 18th. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.52%. Texas Roadhouse’s dividend payout ratio is currently 42.04%.

Texas Roadhouse 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.