Teachers Advisors LLC grew its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 290.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 444,776 shares of the restaurant operator’s stock after purchasing an additional 330,759 shares during the quarter. Teachers Advisors LLC owned approximately 0.63% of Texas Roadhouse worth $22,661,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Texas Roadhouse by 22,841.1% during the first quarter. BlackRock Inc. now owns 6,542,337 shares of the restaurant operator’s stock valued at $291,331,000 after purchasing an additional 6,513,819 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Texas Roadhouse by 4.5% during the first quarter. Vanguard Group Inc. now owns 5,103,625 shares of the restaurant operator’s stock valued at $227,264,000 after purchasing an additional 218,000 shares in the last quarter. State Street Corp boosted its stake in shares of Texas Roadhouse by 2.9% during the first quarter. State Street Corp now owns 2,112,603 shares of the restaurant operator’s stock valued at $94,078,000 after purchasing an additional 60,092 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Texas Roadhouse by 2.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,627,108 shares of the restaurant operator’s stock valued at $72,455,000 after purchasing an additional 35,280 shares in the last quarter. Finally, Congress Asset Management Co. MA boosted its stake in shares of Texas Roadhouse by 6.5% during the second quarter. Congress Asset Management Co. MA now owns 1,474,080 shares of the restaurant operator’s stock valued at $75,104,000 after purchasing an additional 90,031 shares in the last quarter. 85.98% of the stock is currently owned by hedge funds and other institutional investors.

TXRH has been the topic of a number of recent analyst reports. BMO Capital Markets raised Texas Roadhouse from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $48.00 to $58.00 in a research note on Thursday, June 22nd. BidaskClub lowered Texas Roadhouse from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $53.00 price objective (up from $49.00) on shares of Texas Roadhouse in a research note on Monday, July 10th. Jefferies Group LLC reaffirmed a “sell” rating and issued a $40.00 price objective on shares of Texas Roadhouse in a research note on Friday, June 2nd. Finally, Longbow Research reaffirmed a “buy” rating and issued a $56.00 price objective on shares of Texas Roadhouse in a research note on Monday, July 3rd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. Texas Roadhouse has a consensus rating of “Hold” and an average target price of $50.56.

In other Texas Roadhouse news, Director Kathy Widmer sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $47.95, for a total value of $95,900.00. Following the completion of the sale, the director now owns 11,750 shares in the company, valued at approximately $563,412.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider S. Chris Jacobsen sold 2,500 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $49.25, for a total value of $123,125.00. Following the completion of the sale, the insider now owns 15,184 shares of the company’s stock, valued at approximately $747,812. The disclosure for this sale can be found here. Company insiders own 7.40% of the company’s stock.

Texas Roadhouse, Inc. (NASDAQ TXRH) opened at 48.12 on Friday. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 28.97 and a beta of 0.56. The firm has a 50-day moving average price of $48.00 and a 200 day moving average price of $47.67. Texas Roadhouse, Inc. has a 52 week low of $37.23 and a 52 week high of $51.91.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Monday, July 31st. The restaurant operator reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. Texas Roadhouse had a return on equity of 16.49% and a net margin of 5.63%. The business had revenue of $566.30 million during the quarter, compared to analysts’ expectations of $563.23 million. During the same quarter last year, the business posted $0.47 EPS. The business’s revenue was up 11.3% on a year-over-year basis. On average, equities research analysts forecast that Texas Roadhouse, Inc. will post $1.93 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 13th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Tuesday, September 12th. Texas Roadhouse’s dividend payout ratio (DPR) is currently 50.60%.

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Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.

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Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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