19,977 Shares in Texas Roadhouse Inc (TXRH) Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new position in Texas Roadhouse Inc (NASDAQ:TXRH) in the first quarter, Holdings Channel reports. The institutional investor acquired 19,977 shares of the restaurant operator’s stock, valued at approximately $1,154,000.

Several other institutional investors have also recently modified their holdings of TXRH. Teacher Retirement System of Texas lifted its stake in shares of Texas Roadhouse by 318.1% in the fourth quarter. Teacher Retirement System of Texas now owns 23,220 shares of the restaurant operator’s stock worth $1,223,000 after buying an additional 17,666 shares during the last quarter. California Public Employees Retirement System increased its position in Texas Roadhouse by 3.6% during the fourth quarter. California Public Employees Retirement System now owns 183,042 shares of the restaurant operator’s stock worth $9,643,000 after acquiring an additional 6,276 shares during the period. Wells Fargo & Company MN increased its position in Texas Roadhouse by 9.5% during the fourth quarter. Wells Fargo & Company MN now owns 175,366 shares of the restaurant operator’s stock worth $9,238,000 after acquiring an additional 15,238 shares during the period. The Manufacturers Life Insurance Company increased its position in Texas Roadhouse by 8.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 156,954 shares of the restaurant operator’s stock worth $8,268,000 after acquiring an additional 12,663 shares during the period. Finally, Arizona State Retirement System increased its position in Texas Roadhouse by 27.2% during the fourth quarter. Arizona State Retirement System now owns 47,087 shares of the restaurant operator’s stock worth $2,481,000 after acquiring an additional 10,076 shares during the period. Institutional investors and hedge funds own 88.78% of the company’s stock.

A number of brokerages recently issued reports on TXRH. JPMorgan Chase & Co. lowered shares of Texas Roadhouse from a “neutral” rating to an “underweight” rating and set a $54.00 target price on the stock. in a research report on Wednesday, May 2nd. Robert W. Baird boosted their target price on shares of Texas Roadhouse from $66.00 to $70.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 1st. BidaskClub lowered shares of Texas Roadhouse from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 12th. Morgan Stanley boosted their target price on shares of Texas Roadhouse from $58.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 1st. Finally, Mizuho started coverage on shares of Texas Roadhouse in a research report on Thursday, March 15th. They set a “buy” rating and a $66.00 target price on the stock. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $61.46.

Shares of NASDAQ:TXRH opened at $67.11 on Friday. Texas Roadhouse Inc has a 52 week low of $44.29 and a 52 week high of $69.43. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.80 and a current ratio of 0.85. The firm has a market capitalization of $4.85 billion, a PE ratio of 34.07, a PEG ratio of 2.40 and a beta of 0.54.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Monday, April 30th. The restaurant operator reported $0.76 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.76. Texas Roadhouse had a net margin of 6.66% and a return on equity of 17.97%. The company had revenue of $627.70 million for the quarter, compared to the consensus estimate of $626.34 million. During the same quarter in the previous year, the company earned $0.61 EPS. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. sell-side analysts forecast that Texas Roadhouse Inc will post 2.39 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Wednesday, June 13th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, June 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.49%. Texas Roadhouse’s dividend payout ratio is presently 50.76%.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of February 20, 2018, it owned and operated approximately 550 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

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Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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