Pensioenfonds Rail & OV Has $45.07 Million Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Pensioenfonds Rail & OV lowered its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 262,452 shares of the restaurant operator’s stock after selling 1,726 shares during the quarter. Texas Roadhouse comprises approximately 3.4% of Pensioenfonds Rail & OV’s investment portfolio, making the stock its 6th biggest position. Pensioenfonds Rail & OV owned about 0.39% of Texas Roadhouse worth $45,066,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. LRI Investments LLC bought a new position in shares of Texas Roadhouse in the first quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Texas Roadhouse during the second quarter worth about $25,000. Hollencrest Capital Management bought a new position in Texas Roadhouse in the 2nd quarter valued at about $25,000. McClarren Financial Advisors Inc. raised its position in shares of Texas Roadhouse by 4,175.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 167 shares in the last quarter. Finally, Rise Advisors LLC acquired a new position in shares of Texas Roadhouse in the 1st quarter valued at approximately $32,000. Institutional investors own 94.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TXRH. Royal Bank of Canada lifted their target price on Texas Roadhouse from $165.00 to $175.00 and gave the company a “sector perform” rating in a research report on Friday, June 7th. Citigroup increased their price target on Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a research note on Tuesday. Guggenheim boosted their price objective on Texas Roadhouse from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. BMO Capital Markets increased their target price on Texas Roadhouse from $145.00 to $155.00 and gave the company a “market perform” rating in a research report on Friday, July 26th. Finally, Wedbush restated an “outperform” rating and set a $190.00 price target on shares of Texas Roadhouse in a report on Tuesday, September 24th. Thirteen research 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, the company presently has a consensus rating of “Hold” and an average price target of $176.60.

Texas Roadhouse Trading Up 0.4 %

NASDAQ TXRH opened at $177.22 on Wednesday. The business has a fifty day simple moving average of $168.42 and a 200 day simple moving average of $165.00. Texas Roadhouse, Inc. has a 12 month low of $91.06 and a 12 month high of $180.69. The firm has a market capitalization of $11.82 billion, a P/E ratio of 36.03, a PEG ratio of 1.58 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results 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. Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the firm earned $1.22 earnings per share. The firm’s revenue was up 14.5% on a year-over-year basis. As a group, sell-side analysts predict that Texas Roadhouse, Inc. will post 6.33 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Wednesday, September 4th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Wednesday, September 4th. Texas Roadhouse’s payout ratio is 49.39%.

Texas Roadhouse 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.