Texas Roadhouse, Inc. (NASDAQ:TXRH) Position Trimmed by Pensioenfonds Rail & OV

Pensioenfonds Rail & OV lessened its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 34.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 264,178 shares of the restaurant operator’s stock after selling 140,051 shares during the quarter. Texas Roadhouse comprises 3.0% of Pensioenfonds Rail & OV’s portfolio, making the stock its 9th largest position. Pensioenfonds Rail & OV owned approximately 0.40% of Texas Roadhouse worth $40,808,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TXRH. Operose Advisors LLC bought a new position in shares of Texas Roadhouse in the third quarter worth approximately $28,000. Rise Advisors LLC bought a new position in shares of Texas Roadhouse in the first quarter worth approximately $32,000. TFC Financial Management Inc. lifted its stake in shares of Texas Roadhouse by 100.0% in the fourth quarter. TFC Financial Management Inc. now owns 580 shares of the restaurant operator’s stock worth $71,000 after buying an additional 290 shares in the last quarter. Benjamin F. Edwards & Company Inc. bought a new position in shares of Texas Roadhouse in the fourth quarter worth approximately $81,000. Finally, GAMMA Investing LLC bought a new position in shares of Texas Roadhouse in the fourth quarter worth approximately $88,000. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Performance

TXRH stock traded up $0.36 during trading on Wednesday, hitting $172.02. 572,163 shares of the company’s stock traded hands, compared to its average volume of 787,347. Texas Roadhouse, Inc. has a 52 week low of $91.06 and a 52 week high of $174.05. The business has a fifty day simple moving average of $165.76 and a 200 day simple moving average of $146.34. The stock has a market capitalization of $11.49 billion, a price-to-earnings ratio of 34.64, a P/E/G ratio of 1.67 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $1.69 EPS for the quarter, beating the consensus estimate of $1.65 by $0.04. Texas Roadhouse had a net margin of 6.94% and a return on equity of 28.85%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the business earned $1.28 earnings per share. Texas Roadhouse’s quarterly revenue was up 12.5% compared to the same quarter last year. Research analysts forecast that Texas Roadhouse, Inc. will post 6.02 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Wednesday, June 12th were issued a $0.61 dividend. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $2.44 annualized dividend and a dividend yield of 1.42%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 49.39%.

Analysts Set New Price Targets

TXRH has been the topic of a number of research analyst reports. Morgan Stanley increased their price objective on shares of Texas Roadhouse from $145.00 to $155.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Robert W. Baird increased their price objective on shares of Texas Roadhouse from $178.00 to $182.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Barclays increased their price objective on shares of Texas Roadhouse from $138.00 to $160.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Stifel Nicolaus increased their price target on shares of Texas Roadhouse from $155.00 to $175.00 and gave the stock a “hold” rating in a research report on Monday, May 6th. Finally, Wedbush increased their price target on shares of Texas Roadhouse from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Thirteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $157.77.

Insider Transactions at Texas Roadhouse

In other news, CEO Gerald L. Morgan sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $171.70, for a total value of $2,575,500.00. Following the completion of the sale, the chief executive officer now owns 77,847 shares in the company, valued at approximately $13,366,329.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Curtis Warfield sold 1,025 shares of Texas Roadhouse stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $165.82, for a total transaction of $169,965.50. Following the completion of the sale, the director now owns 12,372 shares in the company, valued at approximately $2,051,525.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gerald L. Morgan sold 15,000 shares of Texas Roadhouse stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $171.70, for a total transaction of $2,575,500.00. Following the sale, the chief executive officer now owns 77,847 shares of the company’s stock, valued at approximately $13,366,329.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,025 shares of company stock worth $3,251,266. 0.50% of the stock is currently owned by insiders.

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.