Retirement Systems of Alabama Acquires 298 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Retirement Systems of Alabama boosted its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 167,341 shares of the restaurant operator’s stock after acquiring an additional 298 shares during the period. Retirement Systems of Alabama’s holdings in Texas Roadhouse were worth $20,454,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Red Spruce Capital LLC raised its position in shares of Texas Roadhouse by 0.5% in the fourth quarter. Red Spruce Capital LLC now owns 22,359 shares of the restaurant operator’s stock valued at $2,733,000 after buying an additional 110 shares in the last quarter. Avior Wealth Management LLC increased its stake in Texas Roadhouse by 3.2% during the 4th quarter. Avior Wealth Management LLC now owns 3,579 shares of the restaurant operator’s stock worth $437,000 after acquiring an additional 111 shares during the period. Fifth Third Bancorp raised its holdings in Texas Roadhouse by 35.8% in the 3rd quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 125 shares in the last quarter. Prospector Partners LLC raised its holdings in Texas Roadhouse by 0.4% in the 3rd quarter. Prospector Partners LLC now owns 34,575 shares of the restaurant operator’s stock valued at $3,323,000 after acquiring an additional 150 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in shares of Texas Roadhouse by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 29,360 shares of the restaurant operator’s stock valued at $2,821,000 after acquiring an additional 150 shares during the period. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Up 1.1 %

NASDAQ TXRH opened at $159.21 on Tuesday. The company has a market capitalization of $10.64 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 1.71 and a beta of 0.99. Texas Roadhouse, Inc. has a twelve month low of $91.06 and a twelve month high of $160.52. The stock has a fifty day simple moving average of $151.53 and a 200 day simple moving average of $128.18.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, February 15th. The restaurant operator reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.01. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Texas Roadhouse had a return on equity of 27.43% and a net margin of 6.58%. The business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.89 earnings per share. Research analysts expect that Texas Roadhouse, Inc. will post 5.77 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 13th were issued a dividend of $0.61 per share. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $2.44 annualized dividend and a yield of 1.53%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 53.86%.

Insider Transactions at Texas Roadhouse

In other news, Director Curtis Warfield sold 2,365 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $148.68, for a total transaction of $351,628.20. Following the completion of the sale, the director now directly owns 13,397 shares in the company, valued at $1,991,865.96. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director Curtis Warfield sold 2,365 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $148.68, for a total value of $351,628.20. Following the transaction, the director now directly owns 13,397 shares of the company’s stock, valued at approximately $1,991,865.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Regina A. Tobin sold 3,064 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $150.07, for a total value of $459,814.48. Following the sale, the president now directly owns 15,261 shares of the company’s stock, valued at approximately $2,290,218.27. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,382 shares of company stock worth $1,843,145. Company insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TXRH shares. Piper Sandler raised their price target on Texas Roadhouse from $110.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 20th. Citigroup boosted their target price on shares of Texas Roadhouse from $162.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Wells Fargo & Company upped their price target on shares of Texas Roadhouse from $125.00 to $140.00 and gave the stock an “equal weight” rating in a report on Friday, February 16th. Stephens initiated coverage on shares of Texas Roadhouse in a research report on Friday, April 12th. They set an “equal weight” rating and a $150.00 price objective for the company. Finally, Robert W. Baird upgraded Texas Roadhouse from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $160.00 to $175.00 in a research note on Wednesday, March 13th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Texas Roadhouse currently has an average rating of “Hold” and an average target price of $138.76.

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.