Teachers Retirement System of The State of Kentucky Sells 580 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Teachers Retirement System of The State of Kentucky lessened its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,197 shares of the restaurant operator’s stock after selling 580 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Texas Roadhouse were worth $3,743,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp grew its position in shares of Texas Roadhouse by 2.0% in the 3rd quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator’s stock valued at $350,171,000 after acquiring an additional 38,723 shares during the period. Geode Capital Management LLC grew its position in shares of Texas Roadhouse by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,201,641 shares of the restaurant operator’s stock valued at $212,261,000 after acquiring an additional 18,126 shares during the period. Barclays PLC grew its position in shares of Texas Roadhouse by 14.4% in the 3rd quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator’s stock valued at $208,539,000 after acquiring an additional 148,462 shares during the period. Geneva Capital Management LLC grew its position in shares of Texas Roadhouse by 0.4% in the 3rd quarter. Geneva Capital Management LLC now owns 922,405 shares of the restaurant operator’s stock valued at $162,897,000 after acquiring an additional 3,584 shares during the period. Finally, AQR Capital Management LLC grew its position in shares of Texas Roadhouse by 22.3% in the 2nd quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock valued at $156,230,000 after acquiring an additional 165,738 shares during the period. Institutional investors own 94.82% of the company’s stock.

Analyst Ratings Changes

TXRH has been the subject of a number of analyst reports. BMO Capital Markets lifted their price objective on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. Truist Financial lifted their target price on shares of Texas Roadhouse from $202.00 to $207.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Robert W. Baird lifted their target price on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Evercore ISI lifted their target price on shares of Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Finally, Royal Bank of Canada lifted their target price on shares of Texas Roadhouse from $175.00 to $185.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $190.09.

Texas Roadhouse Trading Down 1.5 %

Shares of NASDAQ:TXRH opened at $186.86 on Friday. The firm has a 50 day moving average of $190.51 and a 200-day moving average of $176.76. The stock has a market capitalization of $12.47 billion, a PE ratio of 32.11, a PEG ratio of 1.64 and a beta of 0.98. Texas Roadhouse, Inc. has a 12 month low of $113.87 and a 12 month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.06). The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. Texas Roadhouse’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 earnings per share. On average, research analysts predict that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse’s payout ratio is presently 41.92%.

Insider Activity

In related news, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the sale, the director now directly owns 3,532 shares of the company’s stock, valued at approximately $691,071.12. The trade was a 14.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the sale, the chief technology officer now directly owns 16,342 shares in the company, valued at $3,305,332.92. This trade represents a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Company 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.