Ontario Teachers Pension Plan Board Sells 6,618 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Ontario Teachers Pension Plan Board trimmed its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 46.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,529 shares of the restaurant operator's stock after selling 6,618 shares during the period. Ontario Teachers Pension Plan Board's holdings in Texas Roadhouse were worth $1,330,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TXRH. LRI Investments LLC bought a new position in Texas Roadhouse in the first quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Texas Roadhouse in the second quarter worth $25,000. Hollencrest Capital Management acquired a new position in shares of Texas Roadhouse during the second quarter valued at $25,000. McClarren Financial Advisors Inc. increased its holdings in shares of Texas Roadhouse by 4,175.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 167 shares during the period. Finally, PSI Advisors LLC boosted its stake in Texas Roadhouse by 70.8% during the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock valued at $32,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 94.82% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TXRH. Barclays boosted their price objective on Texas Roadhouse from $160.00 to $175.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Guggenheim upped their price objective on shares of Texas Roadhouse from $190.00 to $195.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th. BMO Capital Markets raised their price objective on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a "market perform" rating in a research note on Friday, October 25th. Loop Capital decreased their price target on Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating for the company in a research note on Monday, October 28th. Finally, Stephens upped their price objective on Texas Roadhouse from $170.00 to $176.00 and gave the company an "equal weight" rating in a report on Monday, July 29th. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $189.00.

Texas Roadhouse Stock Up 0.3 %

NASDAQ:TXRH traded up $0.54 during trading hours on Thursday, reaching $193.95. The company had a trading volume of 114,897 shares, compared to its average volume of 766,588. The firm has a market capitalization of $12.94 billion, a PE ratio of 33.23, a PEG ratio of 1.65 and a beta of 0.98. The stock has a 50-day moving average of $182.25 and a two-hundred day moving average of $173.45. Texas Roadhouse, Inc. has a one year low of $110.69 and a one year high of $203.32.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The business's revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.95 EPS. As a group, sell-side analysts expect that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a $0.61 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $2.44 annualized dividend and a dividend yield of 1.26%. Texas Roadhouse's dividend payout ratio is presently 41.92%.

Insiders Place Their Bets

In other news, CTO Hernan E. Mujica sold 1,500 shares of the business's stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the completion of the sale, the chief technology officer now owns 16,342 shares of the company's stock, valued at approximately $3,305,332.92. The trade was a 8.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction on Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the transaction, the director now directly owns 3,532 shares of the company's stock, valued at $691,071.12. This represents a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company's stock.

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.