State of Alaska Department of Revenue Buys 205 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

State of Alaska Department of Revenue grew its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.7% in the first quarter, Holdings Channel reports. The fund owned 7,812 shares of the restaurant operator’s stock after acquiring an additional 205 shares during the quarter. State of Alaska Department of Revenue’s holdings in Texas Roadhouse were worth $1,301,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Texas Roadhouse by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator’s stock valued at $1,180,123,000 after acquiring an additional 76,051 shares during the period. Invesco Ltd. grew its position in shares of Texas Roadhouse by 5.9% during the 4th quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator’s stock valued at $447,344,000 after acquiring an additional 138,675 shares during the period. FMR LLC grew its position in shares of Texas Roadhouse by 44.8% during the 4th quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator’s stock valued at $234,737,000 after acquiring an additional 402,465 shares during the period. Geode Capital Management LLC grew its position in shares of Texas Roadhouse by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator’s stock valued at $217,959,000 after acquiring an additional 6,004 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of Texas Roadhouse by 8.1% during the 4th quarter. Franklin Resources Inc. now owns 966,611 shares of the restaurant operator’s stock valued at $174,406,000 after acquiring an additional 72,686 shares during the period. 94.82% of the stock is owned by institutional investors.

Texas Roadhouse Price Performance

Shares of NASDAQ:TXRH opened at $184.01 on Thursday. The firm has a fifty day moving average price of $183.13 and a two-hundred day moving average price of $178.62. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04. The company has a market cap of $12.21 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 2.53 and a beta of 0.90.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $1.70 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a net margin of 7.89% and a return on equity of 32.33%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the business earned $1.69 earnings per share. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. Equities research analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.48%. The ex-dividend date is Tuesday, June 3rd. Texas Roadhouse’s payout ratio is 41.98%.

Wall Street Analysts Forecast Growth

TXRH has been the subject of a number of research reports. Robert W. Baird set a $180.00 target price on shares of Texas Roadhouse and gave the company an “outperform” rating in a research report on Monday, April 7th. Wells Fargo & Company reduced their target price on shares of Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. Guggenheim cut their price objective on shares of Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 27th. The Goldman Sachs Group raised their price objective on shares of Texas Roadhouse from $184.00 to $205.00 and gave the stock a “neutral” rating in a report on Wednesday, June 4th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $170.00 price objective on shares of Texas Roadhouse in a report on Tuesday, June 10th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.71.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Gregory N. Moore sold 1,000 shares of the firm’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $187.62, for a total transaction of $187,620.00. Following the sale, the director now owns 38,050 shares in the company, valued at approximately $7,138,941. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Donna E. Epps sold 800 shares of the firm’s stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $186.52, for a total transaction of $149,216.00. Following the sale, the director now owns 4,632 shares in the company, valued at approximately $863,960.64. This trade represents a 14.73% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

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.