Illinois Municipal Retirement Fund Purchases 3,013 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Illinois Municipal Retirement Fund raised its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 39.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,606 shares of the restaurant operator’s stock after acquiring an additional 3,013 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Texas Roadhouse were worth $1,638,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Wellington Management Group LLP raised its stake in shares of Texas Roadhouse by 1.7% during the third quarter. Wellington Management Group LLP now owns 1,807,430 shares of the restaurant operator’s stock valued at $173,694,000 after acquiring an additional 29,506 shares during the last quarter. Fulton Bank N.A. raised its stake in shares of Texas Roadhouse by 6.1% during the fourth quarter. Fulton Bank N.A. now owns 6,953 shares of the restaurant operator’s stock valued at $850,000 after acquiring an additional 402 shares during the last quarter. McElhenny Sheffield Capital Management LLC bought a new position in Texas Roadhouse during the fourth quarter worth $244,000. Legato Capital Management LLC bought a new position in Texas Roadhouse during the fourth quarter worth $709,000. Finally, Pacer Advisors Inc. raised its stake in Texas Roadhouse by 51.0% during the fourth quarter. Pacer Advisors Inc. now owns 14,410 shares of the restaurant operator’s stock worth $1,761,000 after buying an additional 4,867 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Analyst Upgrades and Downgrades

TXRH has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Texas Roadhouse from $145.00 to $184.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 28th. Wells Fargo & Company lifted their price target on shares of Texas Roadhouse from $140.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Robert W. Baird lifted their price target on shares of Texas Roadhouse from $178.00 to $182.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Royal Bank of Canada lifted their price target on shares of Texas Roadhouse from $165.00 to $175.00 and gave the company a “sector perform” rating in a research note on Friday, June 7th. Finally, BTIG Research lifted their price target on shares of Texas Roadhouse from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Roadhouse presently has an average rating of “Hold” and a consensus price target of $157.95.

Texas Roadhouse Stock Up 0.9 %

Shares of Texas Roadhouse stock traded up $1.57 during trading on Friday, reaching $169.08. The company’s stock had a trading volume of 696,565 shares, compared to its average volume of 788,020. Texas Roadhouse, Inc. has a 52-week low of $91.06 and a 52-week high of $175.72. The company has a market cap of $11.29 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 1.64 and a beta of 1.01. The firm’s 50-day moving average is $169.18 and its two-hundred day moving average is $150.60.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.04. Texas Roadhouse had a net margin of 6.94% and a return on equity of 28.85%. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the company earned $1.28 EPS. The firm’s revenue was up 12.5% on a year-over-year basis. On average, equities research analysts anticipate that Texas Roadhouse, Inc. will post 6.03 EPS for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.44%. Texas Roadhouse’s dividend payout ratio (DPR) is 49.39%.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Curtis Warfield sold 1,025 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $165.82, for a total value of $169,965.50. Following the completion of the transaction, the director now directly owns 12,372 shares in the company, 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 the SEC website. In related news, CEO Gerald L. Morgan sold 15,000 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $171.70, for a total value of $2,575,500.00. Following the completion of the transaction, the chief executive officer now directly owns 77,847 shares in the company, valued at approximately $13,366,329.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Curtis Warfield sold 1,025 shares of the 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 completion of the transaction, the director now owns 12,372 shares of the company’s stock, valued at $2,051,525.04. The disclosure for this sale can be found here. Insiders sold 19,025 shares of company stock valued at $3,251,266 in the last quarter. Company insiders own 0.50% of the company’s stock.

About Texas Roadhouse

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.