Texas Roadhouse, Inc. (NASDAQ:TXRH) Stock Holdings Cut by Boston Trust Walden Corp

Boston Trust Walden Corp lessened its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 64.1% during the third quarter, Holdings Channel reports. The institutional investor owned 214,145 shares of the restaurant operator’s stock after selling 381,897 shares during the quarter. Boston Trust Walden Corp’s holdings in Texas Roadhouse were worth $37,818,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TXRH. LRI Investments LLC acquired a new position in Texas Roadhouse in the first quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Texas Roadhouse in the 2nd quarter worth $25,000. Hollencrest Capital Management acquired a new stake in shares of Texas Roadhouse during the second quarter worth $25,000. McClarren Financial Advisors Inc. lifted its holdings in shares of Texas Roadhouse by 4,175.0% during the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 167 shares during the last quarter. Finally, PSI Advisors LLC boosted its position in shares of Texas Roadhouse by 70.8% in the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Trading Up 3.6 %

Shares of NASDAQ:TXRH opened at $187.38 on Friday. The stock has a market capitalization of $12.49 billion, a PE ratio of 34.01, a P/E/G ratio of 1.61 and a beta of 0.99. Texas Roadhouse, Inc. has a 1 year low of $93.79 and a 1 year high of $189.97. The firm has a fifty day moving average price of $172.41 and a 200 day moving average price of $168.45.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.07). Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the company posted $0.95 EPS. The business’s revenue was up 13.5% compared to the same quarter last year. On average, sell-side analysts forecast that Texas Roadhouse, Inc. will post 6.37 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company 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. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Wednesday, September 4th. Texas Roadhouse’s payout ratio is 44.28%.

Wall Street Analysts Forecast Growth

TXRH has been the topic of several recent analyst reports. Royal Bank of Canada boosted their price objective on Texas Roadhouse from $175.00 to $185.00 and gave the stock a “sector perform” rating in a report on Friday. JPMorgan Chase & Co. decreased 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. Robert W. Baird lifted their price objective on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday. Truist Financial increased their target price on Texas Roadhouse from $202.00 to $207.00 and gave the company a “buy” rating in a report on Friday. Finally, Evercore ISI lifted their price target on Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Twelve research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $188.00.

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.