Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 33.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 124,695 shares of the restaurant operator's stock after selling 61,714 shares during the period. New York State Common Retirement Fund owned about 0.19% of Texas Roadhouse worth $20,778,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TXRH. KLP Kapitalforvaltning AS bought a new position in shares of Texas Roadhouse during the fourth quarter valued at approximately $2,959,000. Zions Bancorporation N.A. increased its stake in Texas Roadhouse by 19.5% in the fourth quarter. Zions Bancorporation N.A. now owns 13,152 shares of the restaurant operator's stock worth $2,373,000 after purchasing an additional 2,144 shares during the period. Bessemer Group Inc. lifted its position in shares of Texas Roadhouse by 4.3% during the fourth quarter. Bessemer Group Inc. now owns 176,065 shares of the restaurant operator's stock worth $31,768,000 after purchasing an additional 7,301 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in shares of Texas Roadhouse by 157.3% during the first quarter. Golden State Wealth Management LLC now owns 4,658 shares of the restaurant operator's stock valued at $776,000 after purchasing an additional 2,848 shares during the period. Finally, Comerica Bank grew its holdings in shares of Texas Roadhouse by 16.0% in the fourth quarter. Comerica Bank now owns 132,914 shares of the restaurant operator's stock worth $23,982,000 after purchasing an additional 18,339 shares during the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

Texas Roadhouse Price Performance

Texas Roadhouse stock traded down $0.65 during midday trading on Wednesday, reaching $184.01. The company had a trading volume of 968,095 shares, compared to its average volume of 935,737. The firm's fifty day simple moving average is $189.42 and its 200-day simple moving average is $178.77. The company has a market capitalization of $12.21 billion, a P/E ratio of 28.40, a P/E/G ratio of 2.52 and a beta of 0.87. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share for the quarter, missing analysts' consensus estimates of $1.75 by ($0.05). Texas Roadhouse had a net margin of 7.89% and a return on equity of 32.33%. The firm had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the previous year, the business posted $1.69 EPS. The company's revenue for the quarter was up 11.8% on a year-over-year basis. On average, analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 3rd were given a dividend of $0.68 per share. The ex-dividend date was Tuesday, June 3rd. This represents a $2.72 dividend on an annualized basis and a yield of 1.48%. Texas Roadhouse's payout ratio is presently 41.98%.

Insider Activity

In other Texas Roadhouse news, Director Donna E. Epps sold 800 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $186.52, for a total value of $149,216.00. Following the transaction, the director directly owned 4,632 shares of the company's stock, valued at $863,960.64. This trade represents a 14.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gregory N. Moore sold 1,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $187.62, for a total value of $187,620.00. Following the completion of the sale, the director owned 38,050 shares of the company's stock, valued at $7,138,941. This trade represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Barclays decreased their price objective on shares of Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. Citigroup lowered shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $213.00 to $164.00 in a research note on Wednesday, April 23rd. Stephens reaffirmed an "equal weight" rating and set a $170.00 target price on shares of Texas Roadhouse in a research report on Tuesday, June 10th. Robert W. Baird set a $180.00 price target on shares of Texas Roadhouse and gave the company an "outperform" rating in a report on Monday, April 7th. Finally, Wedbush upped their target price on Texas Roadhouse from $200.00 to $210.00 and gave the company an "outperform" rating in a research report on Friday, March 28th. Ten research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Texas Roadhouse presently has an average rating of "Moderate Buy" and an average price target of $194.09.

About Texas Roadhouse

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.