Louisiana State Employees Retirement System Acquires New Position in Texas Roadhouse, Inc. $TXRH

Louisiana State Employees Retirement System bought a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 19,200 shares of the restaurant operator’s stock, valued at approximately $3,171,000.

Several other institutional investors also recently bought and sold shares of TXRH. Elyxium Wealth LLC acquired a new stake in shares of Texas Roadhouse during the fourth quarter worth $25,000. Princeton Global Asset Management LLC acquired a new position in Texas Roadhouse in the fourth quarter valued at $31,000. Measured Wealth Private Client Group LLC acquired a new position in Texas Roadhouse in the third quarter valued at $33,000. Garton & Associates Financial Advisors LLC purchased a new position in Texas Roadhouse during the fourth quarter worth about $34,000. Finally, TD Private Client Wealth LLC lifted its position in Texas Roadhouse by 137.5% during the fourth quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock worth $44,000 after buying an additional 154 shares during the period. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Trading Up 3.1%

NASDAQ TXRH opened at $196.59 on Friday. Texas Roadhouse, Inc. has a one year low of $153.82 and a one year high of $197.00. The company’s 50 day moving average price is $171.63 and its 200 day moving average price is $174.21. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.40 and a current ratio of 0.46. The firm has a market capitalization of $12.92 billion, a price-to-earnings ratio of 31.40, a PEG ratio of 2.15 and a beta of 0.79.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.07. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the firm earned $1.70 earnings per share. Texas Roadhouse’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, sell-side analysts predict that Texas Roadhouse, Inc. will post 6.42 EPS for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, June 2nd. Texas Roadhouse’s dividend payout ratio is 47.92%.

Wall Street Analysts Forecast Growth

Several research firms have commented on TXRH. Royal Bank Of Canada upgraded Texas Roadhouse from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $180.00 to $210.00 in a report on Friday, May 15th. Citigroup cut their price objective on shares of Texas Roadhouse from $176.00 to $174.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Texas Roadhouse in a research report on Friday, May 29th. TD Cowen boosted their target price on shares of Texas Roadhouse from $192.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Finally, Stifel Nicolaus increased their price target on shares of Texas Roadhouse from $170.00 to $180.00 and gave the stock a “hold” rating in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $196.36.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 499 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $179.22, for a total value of $89,430.78. Following the transaction, the insider directly owned 14,500 shares of the company’s stock, valued at $2,598,690. This trade represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jane Grote Abell sold 339 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $177.43, for a total transaction of $60,148.77. Following the completion of the sale, the director directly owned 2,161 shares of the company’s stock, valued at $383,426.23. This trade represents a 13.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 5,728 shares of company stock worth $1,033,847 in the last quarter. 0.50% of the stock is owned by corporate insiders.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.