Texas Roadhouse, Inc. $TXRH Shares Newly Bought by Pensioenfonds Rail & OV

Pensioenfonds Rail & OV bought a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 25,848 shares of the restaurant operator’s stock, valued at approximately $4,041,000.

Other institutional investors have also recently made changes to their positions in the company. Aberdeen Group plc raised its stake in Texas Roadhouse by 109.5% during the 3rd quarter. Aberdeen Group plc now owns 151,980 shares of the restaurant operator’s stock valued at $23,761,000 after purchasing an additional 79,435 shares during the period. Eurizon Capital SGR S.p.A. lifted its holdings in Texas Roadhouse by 38.1% in the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 975 shares of the restaurant operator’s stock worth $154,000 after purchasing an additional 269 shares in the last quarter. R Squared Ltd purchased a new position in Texas Roadhouse in the 3rd quarter worth approximately $414,000. Machina Capital S.A.S. bought a new position in Texas Roadhouse in the 3rd quarter worth approximately $643,000. Finally, Bahl & Gaynor LLC boosted its stake in Texas Roadhouse by 2.7% in the 3rd quarter. Bahl & Gaynor LLC now owns 346,038 shares of the restaurant operator’s stock worth $54,100,000 after purchasing an additional 9,095 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

Shares of TXRH stock traded down $0.01 on Friday, reaching $185.98. The company’s stock had a trading volume of 715,207 shares, compared to its average volume of 1,247,134. The stock’s fifty day simple moving average is $172.19 and its 200-day simple moving average is $179.03. Texas Roadhouse, Inc. has a 1 year low of $153.82 and a 1 year high of $216.30. The company has a current ratio of 0.38, a quick ratio of 0.39 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $12.21 billion, a price-to-earnings ratio of 29.24, a price-to-earnings-growth ratio of 2.14 and a beta of 0.81.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, November 5th. The restaurant operator reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.10). The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.58 billion. Texas Roadhouse had a return on equity of 27.01% and a net margin of 6.59%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.25 EPS. Analysts forecast that Texas Roadhouse, Inc. will post 6.37 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 29th. Shareholders of record on Tuesday, December 1st will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, December 1st. Texas Roadhouse’s dividend payout ratio (DPR) is presently 47.17%.

Insiders Place Their Bets

In other news, insider Lloyd Marshall sold 500 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $204.65, for a total transaction of $102,325.00. Following the sale, the insider directly owned 9,826 shares in the company, valued at approximately $2,010,890.90. This represents a 4.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gerald L. Morgan sold 15,000 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $202.17, for a total transaction of $3,032,550.00. Following the completion of the transaction, the chief executive officer directly owned 80,970 shares of the company’s stock, valued at approximately $16,369,704.90. The trade was a 15.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 18,286 shares of company stock worth $3,687,138. Insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TXRH shares. Citigroup increased their price objective on shares of Texas Roadhouse from $189.00 to $195.00 and gave the company a “neutral” rating in a report on Friday, November 6th. TD Cowen lifted their price objective on shares of Texas Roadhouse from $195.00 to $213.00 and gave the company a “buy” rating in a research report on Friday, November 6th. Robert W. Baird raised shares of Texas Roadhouse to a “strong-buy” rating in a report on Monday, August 24th. Wells Fargo & Company dropped their target price on shares of Texas Roadhouse from $230.00 to $220.00 and set an “overweight” rating for the company in a research report on Friday, November 6th. Finally, Royal Bank Of Canada cut their target price on shares of Texas Roadhouse from $220.00 to $215.00 and set an “outperform” rating for the company in a research note on Friday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $208.04.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc. operates and franchises casual dining restaurants under the Texas Roadhouse, Bubba’s 33 and Jaggers brands. Its restaurants are known for a lively atmosphere and made-from-scratch food. The Texas Roadhouse menu features hand-cut steaks, ribs, chicken, seafood and made-from-scratch sides, along with freshly baked bread. Bubba’s 33 offers a sports-bar setting with items such as burgers, pizza and wings, while Jaggers focuses on burgers, chicken sandwiches and salads. Founded in 1993 in Clarksville, Indiana, Texas Roadhouse is headquartered in Louisville, Kentucky.