Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Holdings in Texas Roadhouse, Inc. (TXRH)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,419 shares of the restaurant operator’s stock after acquiring an additional 17 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Texas Roadhouse were worth $480,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. BlackRock Inc. raised its stake in shares of Texas Roadhouse by 22,841.1% during the first quarter. BlackRock Inc. now owns 6,542,337 shares of the restaurant operator’s stock worth $291,331,000 after acquiring an additional 6,513,819 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Texas Roadhouse by 4.5% during the first quarter. Vanguard Group Inc. now owns 5,103,625 shares of the restaurant operator’s stock worth $227,264,000 after acquiring an additional 218,000 shares in the last quarter. State Street Corp raised its stake in shares of Texas Roadhouse by 2.9% during the first quarter. State Street Corp now owns 2,112,603 shares of the restaurant operator’s stock worth $94,078,000 after acquiring an additional 60,092 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Texas Roadhouse by 2.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,627,108 shares of the restaurant operator’s stock worth $72,455,000 after acquiring an additional 35,280 shares in the last quarter. Finally, Congress Asset Management Co. MA raised its stake in shares of Texas Roadhouse by 6.5% during the second quarter. Congress Asset Management Co. MA now owns 1,474,080 shares of the restaurant operator’s stock worth $75,104,000 after acquiring an additional 90,031 shares in the last quarter. 85.98% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider S. Chris Jacobsen sold 2,500 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $49.25, for a total transaction of $123,125.00. Following the sale, the insider now owns 15,184 shares in the company, valued at approximately $747,812. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 7.40% of the company’s stock.

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) opened at 48.58 on Thursday. The company has a market cap of $3.45 billion, a PE ratio of 29.25 and a beta of 0.56. Texas Roadhouse, Inc. has a 12-month low of $37.23 and a 12-month high of $51.91. The company has a 50-day moving average of $48.00 and a 200 day moving average of $47.67.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Monday, July 31st. The restaurant operator reported $0.53 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. Texas Roadhouse had a return on equity of 16.49% and a net margin of 5.63%. The company had revenue of $566.30 million for the quarter, compared to analyst estimates of $563.23 million. During the same quarter in the prior year, the firm posted $0.47 EPS. Texas Roadhouse’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts expect that Texas Roadhouse, Inc. will post $1.93 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Wednesday, September 13th will be issued a dividend of $0.21 per share. The ex-dividend date is Tuesday, September 12th. This represents a $0.84 annualized dividend and a yield of 1.73%. Texas Roadhouse’s payout ratio is presently 50.60%.

Several research firms have commented on TXRH. BMO Capital Markets raised shares of Texas Roadhouse from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $48.00 to $58.00 in a research note on Thursday, June 22nd. Barclays PLC lifted their price target on shares of Texas Roadhouse from $53.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 1st. Robert W. Baird reissued a “buy” rating and set a $56.00 price target on shares of Texas Roadhouse in a research note on Tuesday. BidaskClub downgraded shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $50.56.

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About Texas Roadhouse

Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.

Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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