Retirement Systems of Alabama Sells 1,425 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Retirement Systems of Alabama lowered its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 192,588 shares of the restaurant operator’s stock after selling 1,425 shares during the period. Retirement Systems of Alabama owned about 0.29% of Texas Roadhouse worth $33,069,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TXRH. LRI Investments LLC bought a new stake in shares of Texas Roadhouse during the first quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Texas Roadhouse during the 2nd quarter worth approximately $25,000. Rise Advisors LLC acquired a new position in Texas Roadhouse in the 1st quarter valued at approximately $32,000. China Universal Asset Management Co. Ltd. raised its stake in shares of Texas Roadhouse by 454.5% during the first quarter. China Universal Asset Management Co. Ltd. now owns 244 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 200 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in shares of Texas Roadhouse during the first quarter worth $76,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insider Activity

In other Texas Roadhouse news, CEO Gerald L. Morgan sold 15,000 shares of Texas Roadhouse stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $171.70, for a total transaction of $2,575,500.00. Following the transaction, the chief executive officer now owns 77,847 shares of the company’s stock, valued at approximately $13,366,329.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

Shares of NASDAQ:TXRH traded up $0.27 during trading on Friday, reaching $168.59. 517,152 shares of the stock were exchanged, compared to its average volume of 793,322. The stock has a fifty day moving average of $169.39 and a two-hundred day moving average of $160.48. Texas Roadhouse, Inc. has a 1-year low of $91.06 and a 1-year high of $177.72. The firm has a market cap of $11.26 billion, a price-to-earnings ratio of 34.13, a price-to-earnings-growth ratio of 1.51 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.15. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the firm earned $1.22 earnings per share. Sell-side analysts forecast that Texas Roadhouse, Inc. will post 6.32 EPS for the current year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Wednesday, September 4th. Texas Roadhouse’s dividend payout ratio (DPR) is presently 49.39%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Texas Roadhouse from $190.00 to $193.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Truist Financial lifted their price objective on Texas Roadhouse from $185.00 to $196.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Citigroup upped their target price on Texas Roadhouse from $178.00 to $183.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Robert W. Baird raised their price target on shares of Texas Roadhouse from $178.00 to $182.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Finally, Wedbush boosted their price target on shares of Texas Roadhouse from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Thirteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Texas Roadhouse presently has a consensus rating of “Hold” and an average price target of $171.85.

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.