Public Employees Retirement Association of Colorado Sells 610 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Public Employees Retirement Association of Colorado trimmed its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 156,426 shares of the restaurant operator’s stock after selling 610 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Texas Roadhouse were worth $28,224,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new position in shares of Texas Roadhouse in the 4th quarter valued at approximately $2,959,000. Zions Bancorporation N.A. boosted its position in shares of Texas Roadhouse by 19.5% during the fourth quarter. Zions Bancorporation N.A. now owns 13,152 shares of the restaurant operator’s stock worth $2,373,000 after buying an additional 2,144 shares during the period. Bessemer Group Inc. grew its holdings in shares of Texas Roadhouse by 4.3% during the fourth quarter. Bessemer Group Inc. now owns 176,065 shares of the restaurant operator’s stock worth $31,768,000 after buying an additional 7,301 shares in the last quarter. Chase Investment Counsel Corp acquired a new stake in Texas Roadhouse in the 4th quarter valued at approximately $316,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Texas Roadhouse in the fourth quarter worth $55,177,000. 94.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on TXRH. Citigroup downgraded shares of Texas Roadhouse from a “buy” rating to a “neutral” rating and decreased their target price for the company from $213.00 to $164.00 in a research report on Wednesday. Wells Fargo & Company lowered their target price on Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their target price on Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Stifel Nicolaus decreased their price target on Texas Roadhouse from $172.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday, April 15th. Finally, Gordon Haskett lowered Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target on the stock. in a research report on Wednesday, January 8th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Texas Roadhouse has an average rating of “Moderate Buy” and an average target price of $192.29.

Texas Roadhouse Trading Down 0.1 %

Texas Roadhouse stock opened at $161.64 on Friday. The stock’s 50 day moving average is $169.50 and its 200-day moving average is $180.05. The company has a market capitalization of $10.74 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 1.23 and a beta of 0.88. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, beating the consensus estimate of $1.66 by $0.07. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. As a group, equities research analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Tuesday, March 18th. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s payout ratio is 42.04%.

Insider Transactions at Texas Roadhouse

In other news, Director Curtis Warfield sold 4,190 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $178.80, for a total transaction of $749,172.00. Following the sale, the director now directly owns 10,082 shares in the company, valued at approximately $1,802,661.60. The trade was a 29.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christopher C. Colson sold 580 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $181.94, for a total transaction of $105,525.20. Following the sale, the insider now directly owns 12,000 shares in the company, valued at $2,183,280. The trade was a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,535 shares of company stock valued at $2,952,507. Company 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.