Teacher Retirement System of Texas Cuts Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Teacher Retirement System of Texas decreased its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 26.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,840 shares of the restaurant operator's stock after selling 14,434 shares during the quarter. Teacher Retirement System of Texas owned 0.06% of Texas Roadhouse worth $6,805,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Texas Roadhouse by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator's stock valued at $1,180,123,000 after purchasing an additional 76,051 shares during the period. Invesco Ltd. increased its position in shares of Texas Roadhouse by 5.9% in the fourth quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator's stock valued at $447,344,000 after acquiring an additional 138,675 shares during the last quarter. FMR LLC increased its position in shares of Texas Roadhouse by 44.8% in the fourth quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock valued at $234,737,000 after acquiring an additional 402,465 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Texas Roadhouse by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator's stock valued at $217,959,000 after acquiring an additional 6,004 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Texas Roadhouse by 8.1% in the fourth quarter. Franklin Resources Inc. now owns 966,611 shares of the restaurant operator's stock valued at $174,406,000 after acquiring an additional 72,686 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wedbush lifted 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. UBS Group lifted their price target on Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Stephens reiterated an "equal weight" rating and set a $170.00 price target on shares of Texas Roadhouse in a report on Tuesday, June 10th. The Goldman Sachs Group lifted their price target on Texas Roadhouse from $184.00 to $205.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Finally, Barclays reduced their price target 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. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $192.05.

Texas Roadhouse Price Performance

Shares of TXRH stock traded down $3.47 on Monday, reaching $185.99. 768,961 shares of the company were exchanged, compared to its average volume of 1,154,065. The company has a market cap of $12.34 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 2.53 and a beta of 0.87. The company has a 50-day moving average of $186.82 and a 200-day moving average of $178.50. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by ($0.05). Texas Roadhouse had a return on equity of 32.33% and a net margin of 7.89%. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the company earned $1.69 EPS. Texas Roadhouse's revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, sell-side analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current 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 $0.68 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a $2.72 annualized dividend and a yield of 1.46%. Texas Roadhouse's payout ratio is 41.98%.

Insider Activity

In other Texas Roadhouse news, Director Donna E. Epps sold 800 shares of the firm's stock in a transaction 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 completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gregory N. Moore sold 1,000 shares of Texas Roadhouse stock in a transaction on Monday, May 12th. The stock was sold at an average price of $187.62, for a total transaction of $187,620.00. Following the sale, the director directly owned 38,050 shares of the company's stock, valued at $7,138,941. This 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 company insiders.

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.