Pensioenfonds Rail & OV Reduces Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Pensioenfonds Rail & OV reduced its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 34.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 264,178 shares of the restaurant operator’s stock after selling 140,051 shares during the period. Texas Roadhouse accounts for approximately 3.0% of Pensioenfonds Rail & OV’s portfolio, making the stock its 9th largest position. Pensioenfonds Rail & OV’s holdings in Texas Roadhouse were worth $40,808,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in Texas Roadhouse by 1.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,807,430 shares of the restaurant operator’s stock valued at $173,694,000 after buying an additional 29,506 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Texas Roadhouse by 0.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,611,543 shares of the restaurant operator’s stock valued at $154,869,000 after buying an additional 8,392 shares in the last quarter. Geneva Capital Management LLC boosted its stake in Texas Roadhouse by 7.9% in the 4th quarter. Geneva Capital Management LLC now owns 948,219 shares of the restaurant operator’s stock valued at $115,901,000 after buying an additional 69,536 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Texas Roadhouse by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 833,790 shares of the restaurant operator’s stock valued at $101,916,000 after buying an additional 31,079 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in Texas Roadhouse by 60.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 777,893 shares of the restaurant operator’s stock valued at $74,756,000 after buying an additional 294,425 shares in the last quarter. 94.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Stephens boosted their price target on Texas Roadhouse from $150.00 to $164.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Stifel Nicolaus boosted their target price on Texas Roadhouse from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Monday, May 6th. Barclays upped their price objective on Texas Roadhouse from $138.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Evercore ISI upped their price objective on Texas Roadhouse from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Finally, Morgan Stanley upped their price objective on Texas Roadhouse from $145.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Texas Roadhouse currently has a consensus rating of “Hold” and a consensus price target of $157.77.

Texas Roadhouse Stock Performance

NASDAQ:TXRH traded up $0.36 during mid-day trading on Wednesday, hitting $172.02. 572,163 shares of the stock were exchanged, compared to its average volume of 787,347. The stock has a market capitalization of $11.49 billion, a price-to-earnings ratio of 34.64, a price-to-earnings-growth ratio of 1.67 and a beta of 1.00. The firm’s 50-day simple moving average is $165.76 and its 200 day simple moving average is $146.34. Texas Roadhouse, Inc. has a fifty-two week low of $91.06 and a fifty-two week high of $174.05.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.04. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Texas Roadhouse had a return on equity of 28.85% and a net margin of 6.94%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.28 EPS. On average, analysts predict that Texas Roadhouse, Inc. will post 6.02 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Wednesday, June 12th were paid a $0.61 dividend. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $2.44 annualized dividend and a dividend yield of 1.42%. Texas Roadhouse’s payout ratio is 49.39%.

Insider Buying and Selling

In related news, Director Curtis Warfield sold 1,025 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $165.82, for a total transaction of $169,965.50. Following the sale, the director now owns 12,372 shares in the company, valued at approximately $2,051,525.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Texas Roadhouse news, Director Curtis Warfield sold 1,025 shares of Texas Roadhouse stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $165.82, for a total transaction of $169,965.50. Following the transaction, the director now directly owns 12,372 shares of the company’s stock, valued at approximately $2,051,525.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Hernan E. Mujica sold 3,000 shares of Texas Roadhouse stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $168.60, for a total value of $505,800.00. Following the transaction, the chief technology officer now directly owns 17,842 shares in the company, valued at $3,008,161.20. The disclosure for this sale can be found here. Insiders have sold 19,025 shares of company stock worth $3,251,266 in the last 90 days. Insiders own 0.50% of the company’s stock.

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.