Public Employees Retirement System of Ohio Reduces Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Public Employees Retirement System of Ohio lessened its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 6.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,789 shares of the restaurant operator's stock after selling 2,445 shares during the quarter. Public Employees Retirement System of Ohio owned 0.05% of Texas Roadhouse worth $6,457,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new position in Texas Roadhouse in the fourth quarter valued at approximately $2,959,000. Zions Bancorporation N.A. increased its stake in shares of Texas Roadhouse by 19.5% in the 4th quarter. Zions Bancorporation N.A. now owns 13,152 shares of the restaurant operator's stock worth $2,373,000 after acquiring an additional 2,144 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of Texas Roadhouse by 4.3% in the 4th quarter. Bessemer Group Inc. now owns 176,065 shares of the restaurant operator's stock worth $31,768,000 after acquiring an additional 7,301 shares during the last quarter. Chase Investment Counsel Corp purchased a new position in shares of Texas Roadhouse during the 4th quarter worth $316,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Texas Roadhouse during the 4th quarter worth $55,177,000. Institutional investors and hedge funds own 94.82% of the company's stock.

Texas Roadhouse Price Performance

Texas Roadhouse stock traded down $0.94 during mid-day trading on Friday, hitting $194.85. The company's stock had a trading volume of 887,580 shares, compared to its average volume of 916,560. The stock has a market cap of $12.93 billion, a price-to-earnings ratio of 30.12, a price-to-earnings-growth ratio of 1.23 and a beta of 0.87. The business has a 50 day moving average price of $173.47 and a 200-day moving average price of $179.25. 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 posted its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the firm earned $1.69 EPS. The company's revenue was up 11.8% on a year-over-year basis. On average, equities research analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $2.72 dividend on an annualized basis and a yield of 1.40%. Texas Roadhouse's dividend payout ratio is currently 41.98%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Stifel Nicolaus lowered their target price on Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating for the company in a report on Tuesday, April 15th. Guggenheim lowered their target price on Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Wells Fargo & Company lowered their target price on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Barclays lowered their target price on Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. Finally, UBS Group lowered their target price on Texas Roadhouse from $210.00 to $200.00 and set a "buy" rating for the company in a report on Monday, May 5th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $191.62.

Insider Buying and Selling at Texas Roadhouse

In related news, President Regina A. Tobin sold 3,154 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total transaction of $585,508.56. Following the completion of the transaction, the president now owns 18,414 shares in the company, valued at approximately $3,418,374.96. This represents a 14.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gregory N. Moore sold 1,000 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $187.62, for a total transaction of $187,620.00. Following the transaction, the director now owns 38,050 shares of the company's stock, valued at $7,138,941. This trade represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,235 shares of company stock valued at $1,524,966. Insiders own 0.50% of the company's stock.

Texas Roadhouse Company Profile

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.