TIAA CREF Investment Management LLC lessened its holdings in shares of Texas Roadhouse Inc (NASDAQ:TXRH) by 46.2% during the 4th quarter, Holdings Channel reports. The firm owned 190,712 shares of the restaurant operator’s stock after selling 163,626 shares during the period. TIAA CREF Investment Management LLC’s holdings in Texas Roadhouse were worth $10,047,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Cerebellum GP LLC purchased a new position in shares of Texas Roadhouse during the 4th quarter worth $122,000. Cubist Systematic Strategies LLC purchased a new position in shares of Texas Roadhouse during the 3rd quarter worth $193,000. Claraphi Advisory Network LLC purchased a new position in shares of Texas Roadhouse during the 4th quarter worth $202,000. MML Investors Services LLC purchased a new position in shares of Texas Roadhouse during the 4th quarter worth $206,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Texas Roadhouse by 50.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,920 shares of the restaurant operator’s stock worth $207,000 after acquiring an additional 1,308 shares during the period. 87.73% of the stock is currently owned by institutional investors.
Several research firms have recently commented on TXRH. ValuEngine upgraded Texas Roadhouse from a “hold” rating to a “buy” rating in a report on Sunday. Wedbush reiterated a “buy” rating and set a $64.00 price target on shares of Texas Roadhouse in a report on Thursday. Barclays lifted their price target on Texas Roadhouse from $62.00 to $63.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Maxim Group reiterated a “buy” rating and set a $65.00 price target (up previously from $60.00) on shares of Texas Roadhouse in a report on Wednesday, January 24th. Finally, Zacks Investment Research upgraded Texas Roadhouse from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $58.67.
Shares of TXRH opened at $60.73 on Friday. The stock has a market capitalization of $4,317.69, a P/E ratio of 30.83, a P/E/G ratio of 2.03 and a beta of 0.59. Texas Roadhouse Inc has a 12-month low of $43.87 and a 12-month high of $61.74. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.73 and a current ratio of 0.78.
Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Tuesday, February 20th. The restaurant operator reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.03. The firm had revenue of $545.10 million for the quarter, compared to analyst estimates of $545.24 million. Texas Roadhouse had a net margin of 5.93% and a return on equity of 17.20%. Texas Roadhouse’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 EPS. analysts expect that Texas Roadhouse Inc will post 2.35 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Wednesday, March 14th were issued a $0.25 dividend. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.21. This represents a $1.00 annualized dividend and a yield of 1.65%. The ex-dividend date was Tuesday, March 13th. Texas Roadhouse’s payout ratio is 50.76%.
In other Texas Roadhouse news, insider S. Chris Jacobsen sold 1,000 shares of Texas Roadhouse stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $57.96, for a total value of $57,960.00. Following the completion of the transaction, the insider now directly owns 18,033 shares of the company’s stock, valued at approximately $1,045,192.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Celia Catlett sold 6,337 shares of Texas Roadhouse stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $56.11, for a total value of $355,569.07. Following the completion of the transaction, the general counsel now directly owns 26,337 shares of the company’s stock, valued at $1,477,769.07. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 64,418 shares of company stock worth $3,671,645. 7.40% of the stock is owned by insiders.
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About Texas Roadhouse
Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.
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