Texas Roadhouse, Inc. $TXRH Shares Sold by New York State Common Retirement Fund

by · The Cerbat Gem

New York State Common Retirement Fund reduced its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH – Free Report) by 19.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 100,494 shares of the restaurant operator’s stock after selling 24,201 shares during the period. New York State Common Retirement Fund owned approximately 0.15% of Texas Roadhouse worth $18,834,000 at the end of the most recent quarter.

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

Texas Roadhouse Trading Down 0.6%

NASDAQ:TXRH opened at $169.92 on Wednesday. The firm has a market cap of $11.24 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88. The stock has a fifty day moving average price of $169.03 and a 200 day moving average price of $177.46. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $200.14.

Texas Roadhouse (NASDAQ:TXRH – Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share 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 analysts’ expectations of $1.43 billion. Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.Texas Roadhouse’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.26 EPS. Equities analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, December 2nd. Texas Roadhouse’s dividend payout ratio is presently 41.59%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TXRH. Royal Bank Of Canada cut their target price on Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th. Morgan Stanley dropped their price objective 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. JPMorgan Chase & Co. cut their price objective on Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating on the stock in a report on Tuesday, October 7th. Guggenheim restated a “buy” rating and set a $210.00 target price on shares of Texas Roadhouse in a report on Tuesday, September 16th. Finally, Barclays dropped their target price on Texas Roadhouse from $187.00 to $170.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $192.95.

Read Our Latest Stock Analysis on TXRH

Texas Roadhouse Company Profile

(Free Report)

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.

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