Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System increased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 371,261 shares of the restaurant operator's stock after purchasing an additional 9,202 shares during the period. California Public Employees Retirement System owned 0.56% of Texas Roadhouse worth $45,379,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC increased its position in Texas Roadhouse by 15.0% during the fourth quarter. CWM LLC now owns 1,859 shares of the restaurant operator's stock worth $227,000 after purchasing an additional 242 shares during the last quarter. Martin Capital Advisors LLP acquired a new stake in Texas Roadhouse during the fourth quarter worth about $244,000. Avior Wealth Management LLC increased its position in Texas Roadhouse by 3.2% during the fourth quarter. Avior Wealth Management LLC now owns 3,579 shares of the restaurant operator's stock worth $437,000 after purchasing an additional 111 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Texas Roadhouse by 13.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,634 shares of the restaurant operator's stock valued at $2,033,000 after acquiring an additional 2,027 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in shares of Texas Roadhouse by 0.8% during the fourth quarter. Mackenzie Financial Corp now owns 121,629 shares of the restaurant operator's stock valued at $14,867,000 after acquiring an additional 998 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Gerald L. Morgan sold 5,000 shares of Texas Roadhouse stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $147.90, for a total value of $739,500.00. Following the transaction, the chief executive officer now directly owns 92,847 shares of the company's stock, valued at approximately $13,732,071.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Texas Roadhouse news, CEO Gerald L. Morgan sold 5,000 shares of the business's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $147.90, for a total value of $739,500.00. Following the transaction, the chief executive officer now directly owns 92,847 shares of the company's stock, valued at approximately $13,732,071.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Donna E. Epps sold 670 shares of the business's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $149.97, for a total transaction of $100,479.90. Following the completion of the transaction, the director now directly owns 4,142 shares in the company, valued at $621,175.74. The disclosure for this sale can be found here. Insiders have sold 12,382 shares of company stock valued at $1,843,145 in the last ninety days. 0.50% of the stock is currently owned by company insiders.

Texas Roadhouse Stock Performance

TXRH stock traded up $0.59 during midday trading on Friday, reaching $157.46. 892,863 shares of the company were exchanged, compared to its average volume of 684,444. Texas Roadhouse, Inc. has a 1-year low of $91.06 and a 1-year high of $159.31. The stock's 50-day simple moving average is $151.30 and its 200 day simple moving average is $127.47. The company has a market cap of $10.52 billion, a price-to-earnings ratio of 34.76, a price-to-earnings-growth ratio of 1.70 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The restaurant operator reported $1.08 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.01. Texas Roadhouse had a net margin of 6.58% and a return on equity of 27.43%. The company had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter last year, the company earned $0.89 earnings per share. The firm's revenue for the quarter was up 15.3% on a year-over-year basis. On average, research analysts anticipate that Texas Roadhouse, Inc. will post 5.77 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 13th were issued a dividend of $0.61 per share. The ex-dividend date was Tuesday, March 12th. This represents a $2.44 dividend on an annualized basis and a yield of 1.55%. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.55. Texas Roadhouse's dividend payout ratio (DPR) is presently 53.86%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TXRH shares. Citigroup lifted their price target on shares of Texas Roadhouse from $162.00 to $178.00 and gave the company a "buy" rating in a research report on Wednesday. Benchmark started coverage on shares of Texas Roadhouse in a research note on Wednesday, April 10th. They issued a "hold" rating for the company. Wells Fargo & Company raised their price objective on shares of Texas Roadhouse from $125.00 to $140.00 and gave the company an "equal weight" rating in a research note on Friday, February 16th. Truist Financial raised their price objective on shares of Texas Roadhouse from $152.00 to $168.00 and gave the company a "buy" rating in a research note on Tuesday, April 2nd. Finally, Stephens started coverage on shares of Texas Roadhouse in a research note on Friday, April 12th. They issued an "equal weight" rating and a $150.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $138.76.

Texas Roadhouse 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.