Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Acquired by California Public Employees Retirement System

California Public Employees Retirement System boosted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 318,086 shares of the restaurant operator’s stock after purchasing an additional 4,610 shares during the quarter. California Public Employees Retirement System owned about 0.48% of Texas Roadhouse worth $57,392,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of TXRH. Schroder Investment Management Group grew its stake in shares of Texas Roadhouse by 51.4% during the 4th quarter. Schroder Investment Management Group now owns 75,707 shares of the restaurant operator’s stock valued at $13,642,000 after buying an additional 25,703 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Texas Roadhouse by 29.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 819,522 shares of the restaurant operator’s stock valued at $147,866,000 after acquiring an additional 184,250 shares during the last quarter. Pictet Asset Management Holding SA grew its position in Texas Roadhouse by 11.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 10,613 shares of the restaurant operator’s stock valued at $1,915,000 after acquiring an additional 1,098 shares during the period. New Age Alpha Advisors LLC acquired a new stake in Texas Roadhouse during the fourth quarter worth about $2,614,000. Finally, Norges Bank purchased a new position in shares of Texas Roadhouse in the 4th quarter worth about $155,239,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Analyst Upgrades and Downgrades

TXRH has been the subject of a number of research reports. Gordon Haskett cut Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price for the company. in a report on Wednesday, January 8th. Barclays dropped their price objective on shares of Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating for the company in a research report on Friday, February 21st. Stephens reduced their target price on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, February 21st. Royal Bank of Canada lowered their price target on Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating for the company in a report on Friday, February 21st. Finally, Wedbush boosted their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, March 28th. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $193.36.

Texas Roadhouse Stock Performance

Shares of TXRH stock opened at $168.92 on Wednesday. The stock has a market capitalization of $11.22 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 1.23 and a beta of 1.00. Texas Roadhouse, Inc. has a one year low of $146.75 and a one year high of $206.04. The company’s 50-day simple moving average is $175.85 and its 200-day simple moving average is $181.85.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results 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 company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. As a group, research analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Tuesday, March 18th. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s payout ratio is currently 42.04%.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 2,050 shares of Texas Roadhouse stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $170.66, for a total value of $349,853.00. Following the completion of the transaction, the chief technology officer now directly owns 17,162 shares in the company, valued at $2,928,866.92. The trade was a 10.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Curtis Warfield sold 3,281 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $183.67, for a total value of $602,621.27. Following the sale, the director now owns 6,801 shares in the company, valued at $1,249,139.67. The trade was a 32.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,905 shares of company stock worth $3,198,367 over the last 90 days. Insiders own 0.50% of the company’s stock.

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.