Ontario Teachers Pension Plan Board Has $1.33 Million Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Ontario Teachers Pension Plan Board decreased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 46.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,529 shares of the restaurant operator’s stock after selling 6,618 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Texas Roadhouse were worth $1,330,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in TXRH. LRI Investments LLC bought a new position in Texas Roadhouse in the 1st quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Texas Roadhouse during the second quarter worth $25,000. Hollencrest Capital Management bought a new position in Texas Roadhouse during the second quarter worth $25,000. McClarren Financial Advisors Inc. raised its stake in Texas Roadhouse by 4,175.0% during the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after buying an additional 167 shares during the last quarter. Finally, PSI Advisors LLC raised its stake in Texas Roadhouse by 70.8% during the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insider Buying and Selling

In related news, Director Donna E. Epps sold 610 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the transaction, the director now owns 3,532 shares in the company, valued at approximately $691,071.12. This represents a 14.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Hernan E. Mujica sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the sale, the chief technology officer now directly owns 16,342 shares in the company, valued at $3,305,332.92. The trade was a 8.41 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Citigroup boosted their price target on shares of Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. BMO Capital Markets upped their price target on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Truist Financial increased their price target on shares of Texas Roadhouse from $202.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Guggenheim raised their price target on shares of Texas Roadhouse from $190.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating on the stock in a report on Monday, July 29th. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $189.00.

Texas Roadhouse Price Performance

NASDAQ:TXRH opened at $193.41 on Thursday. The firm has a market cap of $12.90 billion, a PE ratio of 33.23, a price-to-earnings-growth ratio of 1.65 and a beta of 0.98. The company has a 50-day moving average of $181.64 and a 200 day moving average of $173.31. Texas Roadhouse, Inc. has a 1-year low of $109.86 and a 1-year high of $203.32.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.06). The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 earnings per share. Sell-side analysts anticipate that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Tuesday, December 10th. Texas Roadhouse’s payout ratio is currently 41.92%.

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.