Texas Roadhouse, Inc. $TXRH Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System raised its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 3.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,786 shares of the restaurant operator's stock after buying an additional 2,661 shares during the period. California State Teachers Retirement System owned approximately 0.12% of Texas Roadhouse worth $15,417,049 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nilsine Partners LLC bought a new stake in Texas Roadhouse in the 2nd quarter valued at $202,000. AXQ Capital LP raised its position in Texas Roadhouse by 98.7% in the second quarter. AXQ Capital LP now owns 10,829 shares of the restaurant operator's stock valued at $2,092,000 after purchasing an additional 5,379 shares during the last quarter. Nykredit A S bought a new stake in shares of Texas Roadhouse in the 2nd quarter valued at $466,000. Coppell Advisory Solutions LLC bought a new position in shares of Texas Roadhouse during the 2nd quarter worth approximately $38,000. Finally, Proficio Capital Partners LLC purchased a new position in Texas Roadhouse during the second quarter valued at approximately $233,000. 94.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TXRH shares. UBS Group increased their target price on shares of Texas Roadhouse from $210.00 to $235.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. BTIG Research increased their target price on Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Weiss Ratings upgraded shares of Texas Roadhouse from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, September 9th. Guggenheim reissued a "buy" rating and issued a $210.00 price objective on shares of Texas Roadhouse in a research report on Monday, May 18th. Finally, Morgan Stanley reissued an "overweight" rating and set a $212.00 price target on shares of Texas Roadhouse in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and twelve have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $209.40.

Texas Roadhouse Stock Down 6.7%

Shares of TXRH traded down $12.08 during trading hours on Tuesday, reaching $169.04. The stock had a trading volume of 697,176 shares, compared to its average volume of 1,021,585. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $11.10 billion, a price-to-earnings ratio of 27.06, a P/E/G ratio of 1.79 and a beta of 0.78. Texas Roadhouse, Inc. has a 12 month low of $153.82 and a 12 month high of $216.30. The firm has a 50-day simple moving average of $197.49 and a 200 day simple moving average of $181.05.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.02. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the previous year, the business earned $1.86 EPS. Texas Roadhouse's revenue was up 11.1% compared to the same quarter last year. Equities research analysts predict that Texas Roadhouse, Inc. will post 6.63 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, September 1st. Texas Roadhouse's dividend payout ratio is 48.00%.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Hugh J. Carroll sold 650 shares of the business's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $203.99, for a total transaction of $132,593.50. Following the completion of the transaction, the director directly owned 2,883 shares of the company's stock, valued at $588,103.17. The trade was a 18.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gregory N. Moore sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $208.32, for a total value of $624,960.00. Following the completion of the transaction, the director owned 26,900 shares in the company, valued at $5,603,808. This represents a 10.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 20,396 shares of company stock worth $4,143,825 over the last ninety days. 0.50% of the stock is currently owned by insiders.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a casual-dining restaurant company that operates and franchises restaurants under the Texas Roadhouse, Bubba's 33 and Jaggers brands. Its restaurants are known for hand-cut steaks, ribs, chicken, burgers and other American-style meals, along with made-from-scratch sides and fresh-baked bread.

Texas Roadhouse restaurants generally emphasize a relaxed, family-friendly atmosphere and an experience centered on affordable, high-quality food. The company's concepts include Texas Roadhouse steakhouses, Bubba's 33 sports-themed restaurants and Jaggers fast-casual locations focused on burgers, chicken and fries.

Founded in 1993, Texas Roadhouse has expanded through a combination of company-operated and franchised restaurants.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.