New Mexico Educational Retirement Board Takes Position in Texas Roadhouse Inc (TXRH)
New Mexico Educational Retirement Board acquired a new stake in shares of Texas Roadhouse Inc (NASDAQ:TXRH) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 16,200 shares of the restaurant operator’s stock, valued at approximately $853,000.
Several other large investors also recently made changes to their positions in the stock. Candriam Luxembourg S.C.A. bought a new position in shares of Texas Roadhouse during the 4th quarter valued at approximately $1,264,000. Swiss National Bank grew its stake in shares of Texas Roadhouse by 2.8% during the 4th quarter. Swiss National Bank now owns 115,000 shares of the restaurant operator’s stock valued at $6,058,000 after acquiring an additional 3,100 shares during the period. California Public Employees Retirement System grew its stake in shares of Texas Roadhouse by 3.6% during the 4th quarter. California Public Employees Retirement System now owns 183,042 shares of the restaurant operator’s stock valued at $9,643,000 after acquiring an additional 6,276 shares during the period. Teacher Retirement System of Texas grew its stake in shares of Texas Roadhouse by 318.1% during the 4th quarter. Teacher Retirement System of Texas now owns 23,220 shares of the restaurant operator’s stock valued at $1,223,000 after acquiring an additional 17,666 shares during the period. Finally, ING Groep NV grew its stake in shares of Texas Roadhouse by 23.3% during the 4th quarter. ING Groep NV now owns 9,871 shares of the restaurant operator’s stock valued at $520,000 after acquiring an additional 1,868 shares during the period. Institutional investors own 87.08% of the company’s stock.
A number of brokerages recently issued reports on TXRH. Maxim Group reiterated a “buy” rating and set a $67.00 price objective (up from $65.00) on shares of Texas Roadhouse in a research note on Wednesday. Morgan Stanley restated an “equal weight” rating and issued a $55.00 price target (down from $57.00) on shares of Texas Roadhouse in a research note on Wednesday. JPMorgan Chase & Co. restated a “neutral” rating and issued a $54.00 price target (down from $55.00) on shares of Texas Roadhouse in a research note on Wednesday. BMO Capital Markets set a $60.00 price target on Texas Roadhouse and gave the stock a “buy” rating in a research note on Wednesday. Finally, Jefferies Group restated a “hold” rating and issued a $53.00 price target on shares of Texas Roadhouse in a research note on Friday. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the stock. Texas Roadhouse presently has a consensus rating of “Hold” and a consensus target price of $58.45.
Shares of Texas Roadhouse Inc (NASDAQ TXRH) opened at $57.28 on Friday. The stock has a market capitalization of $4,070.00, a P/E ratio of 32.73, a PEG ratio of 1.89 and a beta of 0.59. Texas Roadhouse Inc has a twelve month low of $40.28 and a twelve month high of $60.43. The company has a current ratio of 0.78, a quick ratio of 0.63 and a debt-to-equity ratio of 0.06.
Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Tuesday, February 20th. The restaurant operator reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.03. The business had revenue of $545.10 million for the quarter, compared to analysts’ expectations of $545.24 million. Texas Roadhouse had a return on equity of 17.20% and a net margin of 5.93%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 EPS. equities research analysts predict that Texas Roadhouse Inc will post 2.36 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Wednesday, March 14th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.75%. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, March 13th. Texas Roadhouse’s dividend payout ratio is 48.00%.
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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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