State of New Jersey Common Pension Fund D Purchases 176 Shares of Texas Roadhouse, Inc. $TXRH

State of New Jersey Common Pension Fund D lifted its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,649 shares of the restaurant operator’s stock after acquiring an additional 176 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Texas Roadhouse were worth $3,870,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TXRH. Axiom Investors LLC DE grew its stake in shares of Texas Roadhouse by 3,696.7% in the 1st quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock worth $362,221,000 after acquiring an additional 2,116,552 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Texas Roadhouse by 209.3% in 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 acquiring an additional 1,089,256 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Texas Roadhouse by 54.3% in the 1st quarter. AQR Capital Management LLC now owns 1,261,587 shares of the restaurant operator’s stock worth $209,840,000 after buying an additional 443,767 shares during the last quarter. Nuveen LLC purchased a new position in shares of Texas Roadhouse in the 1st quarter worth about $36,208,000. Finally, TD Asset Management Inc boosted its holdings in shares of Texas Roadhouse by 49.1% in the 1st quarter. TD Asset Management Inc now owns 600,666 shares of the restaurant operator’s stock worth $100,089,000 after buying an additional 197,939 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Insiders Place Their Bets

In other news, Director Gregory N. Moore sold 3,000 shares of Texas Roadhouse stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $173.06, for a total transaction of $519,180.00. Following the completion of the sale, the director owned 34,550 shares in the company, valued at approximately $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 can be accessed through this link. Also, CTO Hernan E. Mujica sold 2,189 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $172.40, for a total value of $377,383.60. Following the transaction, the chief technology officer directly owned 17,553 shares of the company’s stock, valued at $3,026,137.20. The trade was a 11.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,342 shares of company stock worth $1,443,704 in the last ninety days. 0.50% of the stock is currently owned by insiders.

Texas Roadhouse Stock Down 0.7%

NASDAQ TXRH opened at $174.31 on Tuesday. The company has a market cap of $11.58 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 2.60 and a beta of 0.82. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04. The firm’s 50-day simple moving average is $169.30 and its two-hundred day simple moving average is $177.73.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $1.86 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.09). The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. Texas Roadhouse’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period last year, the company earned $1.79 earnings per share. As a group, equities research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd were given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is 41.53%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Stephens set a $175.00 price target on shares of Texas Roadhouse in a report on Monday, October 13th. Morgan Stanley reissued an “overweight” rating and issued a $210.00 price target on shares of Texas Roadhouse in a report on Tuesday, October 21st. Mizuho set a $190.00 price target on shares of Texas Roadhouse in a report on Monday. Barclays cut their price target on shares of Texas Roadhouse from $189.00 to $187.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 22nd. Finally, Evercore ISI downgraded shares of Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 price target on the stock. in a report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $196.16.

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.