VIRGINIA RETIREMENT SYSTEMS ET Al Takes $1.34 Million Position in Texas Roadhouse, Inc. $TXRH

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 7,140 shares of the restaurant operator’s stock, valued at approximately $1,338,000.

A number of other hedge funds have also made changes to their positions in the company. Axiom Investors LLC DE increased its position in shares of Texas Roadhouse by 3,696.7% during the 1st quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock worth $362,221,000 after purchasing an additional 2,116,552 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Texas Roadhouse by 209.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator’s stock worth $268,209,000 after purchasing an additional 1,089,256 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Texas Roadhouse by 54.3% during the 1st quarter. AQR Capital Management LLC now owns 1,261,587 shares of the restaurant operator’s stock worth $209,840,000 after purchasing an additional 443,767 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Texas Roadhouse by 9.8% during the 1st quarter. Wellington Management Group LLP now owns 750,479 shares of the restaurant operator’s stock worth $125,052,000 after purchasing an additional 66,731 shares in the last quarter. Finally, Westfield Capital Management Co. LP increased its position in shares of Texas Roadhouse by 1.3% during the 1st quarter. Westfield Capital Management Co. LP now owns 702,048 shares of the restaurant operator’s stock worth $116,982,000 after purchasing an additional 8,904 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insider Activity

In related news, Director Gregory N. Moore sold 3,000 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $173.06, for a total value of $519,180.00. Following the sale, the director directly owned 34,550 shares in the company, valued at $5,979,223. This trade represents a 7.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Regina A. Tobin sold 3,153 shares of Texas Roadhouse stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $173.53, for a total transaction of $547,140.09. Following the transaction, the president directly owned 15,261 shares in the company, valued at $2,648,241.33. The trade was a 17.12% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,342 shares of company stock valued at $1,443,704. 0.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TXRH. Bank of America increased their target price on shares of Texas Roadhouse from $203.00 to $219.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Evercore ISI lowered shares of Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 price objective on the stock. in a report on Thursday, September 4th. JPMorgan Chase & Co. decreased their price objective on shares of Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating on the stock in a report on Tuesday, October 7th. Morgan Stanley reissued an “overweight” rating and set a $210.00 price objective on shares of Texas Roadhouse in a report on Tuesday. Finally, Truist Financial set a $212.00 price objective on shares of Texas Roadhouse and gave the stock a “buy” rating in a report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Texas Roadhouse currently has a consensus rating of “Moderate Buy” and an average price target of $195.40.

Texas Roadhouse Trading Up 0.4%

Shares of NASDAQ TXRH opened at $178.78 on Thursday. The firm has a market capitalization of $11.88 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 2.64 and a beta of 0.82. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $206.04. The firm’s 50-day moving average is $169.17 and its 200-day moving average is $177.12.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.09). The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 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 12.7% compared to the same quarter last year. During the same period last year, the business posted $1.79 EPS. As a group, equities research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is 41.53%.

Texas Roadhouse 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.