New York State Common Retirement Fund Sells 4,500 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

New York State Common Retirement Fund lowered its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 186,409 shares of the restaurant operator's stock after selling 4,500 shares during the quarter. New York State Common Retirement Fund owned about 0.28% of Texas Roadhouse worth $33,634,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in TXRH. Venturi Wealth Management LLC bought a new position in Texas Roadhouse during the 4th quarter valued at $152,000. Truist Financial Corp boosted its stake in Texas Roadhouse by 1.0% during the 4th quarter. Truist Financial Corp now owns 49,799 shares of the restaurant operator's stock valued at $8,985,000 after purchasing an additional 516 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Texas Roadhouse by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 2,052 shares of the restaurant operator's stock valued at $370,000 after acquiring an additional 100 shares during the last quarter. Montag A & Associates Inc. lifted its position in shares of Texas Roadhouse by 99.3% during the 4th quarter. Montag A & Associates Inc. now owns 3,011 shares of the restaurant operator's stock valued at $543,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its position in shares of Texas Roadhouse by 3.7% during the 4th quarter. Valeo Financial Advisors LLC now owns 2,688 shares of the restaurant operator's stock valued at $485,000 after acquiring an additional 97 shares during the last quarter. 94.82% of the stock is owned by institutional investors.

Insider Transactions at Texas Roadhouse

In other news, insider Christopher C. Colson sold 1,370 shares of the business's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the sale, the insider now directly owns 10,000 shares of the company's stock, valued at $1,794,600. The trade was a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TXRH. The Goldman Sachs Group began coverage on Texas Roadhouse in a report on Thursday, December 5th. They issued a "neutral" rating and a $213.00 target price for the company. BMO Capital Markets increased their target price on Texas Roadhouse from $155.00 to $162.00 and gave the company a "market perform" rating in a report on Friday, October 25th. Robert W. Baird increased their target price on Texas Roadhouse from $190.00 to $205.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Loop Capital cut their price objective on Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating for the company in a report on Monday, October 28th. Finally, Stifel Nicolaus cut their price objective on Texas Roadhouse from $185.00 to $172.00 and set a "hold" rating for the company in a report on Friday. 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.com, the company has an average rating of "Moderate Buy" and a consensus target price of $192.50.

Texas Roadhouse Price Performance

NASDAQ TXRH traded down $2.44 during mid-day trading on Friday, reaching $169.13. 2,700,940 shares of the stock were exchanged, compared to its average volume of 1,075,718. Texas Roadhouse, Inc. has a one year low of $146.51 and a one year high of $206.04. The stock has a 50 day simple moving average of $179.58 and a 200-day simple moving average of $180.02. The stock has a market cap of $11.28 billion, a P/E ratio of 29.06, a P/E/G ratio of 1.25 and a beta of 1.02.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.66 by $0.07. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. Sell-side analysts anticipate that Texas Roadhouse, Inc. will post 6.4 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a $0.68 dividend. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a yield of 1.61%. The ex-dividend date is Tuesday, March 18th. Texas Roadhouse's payout ratio is 41.92%.

About Texas Roadhouse

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.