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

Pensioenfonds Rail & OV cut its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 262,452 shares of the restaurant operator’s stock after selling 1,726 shares during the period. Texas Roadhouse comprises 3.4% of Pensioenfonds Rail & OV’s portfolio, making the stock its 6th biggest holding. Pensioenfonds Rail & OV’s holdings in Texas Roadhouse were worth $45,066,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. LRI Investments LLC purchased a new position in shares of Texas Roadhouse during the first quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Texas Roadhouse during the 2nd quarter valued at $25,000. Hollencrest Capital Management purchased a new position in Texas Roadhouse in the second quarter worth $25,000. McClarren Financial Advisors Inc. increased its stake in Texas Roadhouse by 4,175.0% in the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 167 shares during the last quarter. Finally, Rise Advisors LLC purchased a new position in shares of Texas Roadhouse in the 1st quarter worth about $32,000. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TXRH has been the subject of several research reports. BMO Capital Markets upped their target price on Texas Roadhouse from $145.00 to $155.00 and gave the stock a “market perform” rating in a research note on Friday, July 26th. Stephens increased their target price on shares of Texas Roadhouse from $170.00 to $176.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Texas Roadhouse from $190.00 to $193.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Guggenheim raised their price target on Texas Roadhouse from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating for the company in a research note on Monday, July 29th. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Texas Roadhouse has a consensus rating of “Hold” and an average target price of $176.60.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $177.22 on Wednesday. Texas Roadhouse, Inc. has a one year low of $91.06 and a one year high of $180.69. The stock has a fifty day moving average of $168.42 and a 200 day moving average of $165.00. The stock has a market cap of $11.82 billion, a PE ratio of 36.03, a price-to-earnings-growth ratio of 1.58 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.15. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.22 EPS. As a group, sell-side analysts predict that Texas Roadhouse, Inc. will post 6.33 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th were paid a $0.61 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $2.44 annualized dividend and a dividend yield of 1.38%. Texas Roadhouse’s dividend payout ratio (DPR) 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.