Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 401,098 Shares of Texas Roadhouse, Inc. $TXRH

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2,515.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 417,045 shares of the restaurant operator’s stock after buying an additional 401,098 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.63% of Texas Roadhouse worth $78,158,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TXRH. Brooklyn Investment Group raised its position in Texas Roadhouse by 478.6% in the 1st quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock worth $27,000 after buying an additional 134 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in Texas Roadhouse in the 2nd quarter worth $53,000. Bogart Wealth LLC increased its position in Texas Roadhouse by 51.5% in the second quarter. Bogart Wealth LLC now owns 303 shares of the restaurant operator’s stock worth $57,000 after buying an additional 103 shares in the last quarter. WPG Advisers LLC bought a new position in shares of Texas Roadhouse in the first quarter worth about $59,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Texas Roadhouse by 22.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock valued at $59,000 after buying an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insiders Place Their Bets

In related news, CTO Hernan E. Mujica sold 2,189 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $172.40, for a total value of $377,383.60. Following the sale, the chief technology officer owned 17,553 shares in the company, valued at approximately $3,026,137.20. The trade was a 11.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Regina A. Tobin sold 3,153 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $173.53, for a total transaction of $547,140.09. Following the sale, the president directly owned 15,261 shares in the company, valued at approximately $2,648,241.33. The trade was a 17.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,342 shares of company stock valued at $1,443,704 in the last quarter. 0.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TXRH has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their target price on shares of Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. The Goldman Sachs Group lowered their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. Morgan Stanley cut their price target on Texas Roadhouse from $210.00 to $205.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. Guggenheim reissued a “buy” rating and set a $210.00 price target on shares of Texas Roadhouse in a report on Tuesday, September 16th. Finally, Zacks Research lowered Texas Roadhouse from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Texas Roadhouse presently has a consensus rating of “Moderate Buy” and an average price target of $192.95.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH opened at $167.35 on Friday. The company has a market cap of $11.12 billion, a P/E ratio of 25.55, a P/E/G ratio of 2.50 and a beta of 0.87. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $206.04. The firm’s fifty day moving average is $167.11 and its two-hundred day moving average is $177.94.

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

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, December 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is currently 41.59%.

About Texas Roadhouse

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.