California Public Employees Retirement System Increases Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

California Public Employees Retirement System grew its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 318,086 shares of the restaurant operator's stock after purchasing an additional 4,610 shares during the period. California Public Employees Retirement System owned approximately 0.48% of Texas Roadhouse worth $57,392,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Zions Bancorporation N.A. increased its position in Texas Roadhouse by 19.5% during the 4th quarter. Zions Bancorporation N.A. now owns 13,152 shares of the restaurant operator's stock valued at $2,373,000 after buying an additional 2,144 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Texas Roadhouse during the fourth quarter worth about $2,959,000. Chase Investment Counsel Corp acquired a new position in shares of Texas Roadhouse during the fourth quarter valued at about $316,000. Raymond James Financial Inc. purchased a new position in shares of Texas Roadhouse in the 4th quarter valued at approximately $55,177,000. Finally, First Hawaiian Bank acquired a new stake in Texas Roadhouse in the 4th quarter worth approximately $1,554,000. Institutional investors and hedge funds own 94.82% of the company's stock.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the transaction, the insider now owns 10,000 shares of the company's stock, valued at $1,794,600. This represents a 12.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Regina A. Tobin sold 3,154 shares of Texas Roadhouse stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total value of $585,508.56. Following the completion of the sale, the president now directly owns 18,414 shares in the company, valued at $3,418,374.96. This represents a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,905 shares of company stock valued at $3,198,367 over the last ninety days. Corporate insiders own 0.50% of the company's stock.

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Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock traded down $7.19 on Friday, hitting $159.86. The company's stock had a trading volume of 1,929,890 shares, compared to its average volume of 850,917. The company has a market capitalization of $10.62 billion, a price-to-earnings ratio of 24.71, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. Texas Roadhouse, Inc. has a 1 year low of $146.75 and a 1 year high of $206.04. The firm has a fifty day moving average price of $175.08 and a 200-day moving average price of $181.66.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, beating analysts' consensus estimates of $1.66 by $0.07. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The business had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.41 billion. As a group, analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.70%. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.61. The ex-dividend date was Tuesday, March 18th. Texas Roadhouse's dividend payout ratio (DPR) is presently 42.04%.

Analysts Set New Price Targets

TXRH has been the topic of a number of recent analyst reports. Barclays cut their price target on shares of Texas Roadhouse from $194.00 to $178.00 and set an "equal weight" rating on the stock in a research note on Friday, February 21st. Citigroup upped their target price on Texas Roadhouse from $212.00 to $213.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Wedbush lifted their price target on Texas Roadhouse from $200.00 to $210.00 and gave the stock an "outperform" rating in a research report on Friday, March 28th. Stephens dropped their price target on Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating on the stock in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. reduced their price objective on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $193.36.

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.