Public Employees Retirement System of Ohio Has $6.75 Million Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Public Employees Retirement System of Ohio decreased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 12.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,234 shares of the restaurant operator's stock after selling 5,682 shares during the period. Public Employees Retirement System of Ohio owned 0.06% of Texas Roadhouse worth $6,752,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TXRH. Hantz Financial Services Inc. boosted its holdings in Texas Roadhouse by 8,594.4% in the third quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator's stock worth $553,000 after purchasing an additional 3,094 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in Texas Roadhouse during the third quarter worth about $17,853,000. Victory Capital Management Inc. raised its holdings in Texas Roadhouse by 194.9% in the 3rd quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator's stock valued at $11,962,000 after acquiring an additional 44,768 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Texas Roadhouse by 0.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator's stock valued at $85,306,000 after acquiring an additional 4,391 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of Texas Roadhouse by 1,042.2% in the 3rd quarter. Assetmark Inc. now owns 9,709 shares of the restaurant operator's stock worth $1,715,000 after acquiring an additional 8,859 shares during the period. Hedge funds and other institutional investors own 94.82% of the company's stock.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Donna E. Epps sold 610 shares of the business's 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 owns 3,532 shares of the company's stock, valued at $691,071.12. The trade was a 14.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of the company's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction 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. This represents a 8.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company's stock.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH traded down $2.89 during mid-day trading on Friday, hitting $186.86. The company's stock had a trading volume of 434,896 shares, compared to its average volume of 761,520. The stock has a market cap of $12.47 billion, a price-to-earnings ratio of 32.11, a price-to-earnings-growth ratio of 1.64 and a beta of 0.98. The company's fifty day simple moving average is $190.68 and its 200-day simple moving average is $176.89. Texas Roadhouse, Inc. has a one year low of $113.87 and a one year high of $206.04.

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

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a yield of 1.31%. Texas Roadhouse's dividend payout ratio is presently 41.92%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TXRH. Stifel Nicolaus upped their target price on Texas Roadhouse from $180.00 to $195.00 and gave the company a "hold" rating in a research note on Friday, October 25th. Morgan Stanley lifted their target price on shares of Texas Roadhouse from $200.00 to $205.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. Loop Capital dropped their price target on shares of Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating for the company in a research report on Monday, October 28th. Guggenheim boosted their target price on shares of Texas Roadhouse from $190.00 to $195.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th. Finally, UBS Group upped their target price on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $190.09.

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.