Texas Roadhouse, Inc. $TXRH Shares Sold by TD Asset Management Inc

TD Asset Management Inc lowered its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 51.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 334,664 shares of the restaurant operator’s stock after selling 351,658 shares during the quarter. TD Asset Management Inc’s holdings in Texas Roadhouse were worth $55,604,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Symphony Financial Ltd. Co. purchased a new position in Texas Roadhouse in the second quarter valued at $28,465,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Texas Roadhouse by 2,515.2% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 417,045 shares of the restaurant operator’s stock worth $78,158,000 after acquiring an additional 401,098 shares in the last quarter. Caprock Group LLC acquired a new position in shares of Texas Roadhouse during the 3rd quarter worth about $1,070,000. Westfield Capital Management Co. LP increased its stake in Texas Roadhouse by 0.5% in the second quarter. Westfield Capital Management Co. LP now owns 705,622 shares of the restaurant operator’s stock valued at $132,241,000 after purchasing an additional 3,574 shares during the last quarter. Finally, Bfsg LLC grew its position in shares of Texas Roadhouse by 111.1% in the 3rd quarter. Bfsg LLC now owns 29,798 shares of the restaurant operator’s stock valued at $4,951,000 after buying an additional 15,682 shares during the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Gregory N. Moore sold 1,400 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $170.00, for a total transaction of $238,000.00. Following the transaction, the director directly owned 32,150 shares of the company’s stock, valued at $5,465,500. This represents a 4.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Hugh J. Carroll sold 1,000 shares of the firm’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $167.27, for a total transaction of $167,270.00. Following the completion of the sale, the director owned 1,854 shares of the company’s stock, valued at $310,118.58. This trade represents a 35.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 12,400 shares of company stock worth $2,320,920. 0.50% of the stock is owned by corporate insiders.

Texas Roadhouse Stock Up 1.4%

Shares of Texas Roadhouse stock opened at $184.37 on Friday. The firm has a market cap of $12.20 billion, a price-to-earnings ratio of 30.27, a price-to-earnings-growth ratio of 1.96 and a beta of 0.88. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $199.99. The company’s 50-day simple moving average is $181.68 and its 200-day simple moving average is $173.54.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25). The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Texas Roadhouse had a net margin of 6.90% and a return on equity of 27.88%. Texas Roadhouse’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.73 EPS. Equities research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a dividend of $0.75 per share. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.68. This represents a $3.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, March 17th. Texas Roadhouse’s dividend payout ratio is currently 44.66%.

Analysts Set New Price Targets

A number of research firms recently issued reports on TXRH. Sanford C. Bernstein set a $185.00 price target on Texas Roadhouse in a research note on Wednesday, January 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Texas Roadhouse in a research report on Monday, December 29th. Truist Financial reduced their target price on shares of Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating for the company in a report on Friday, February 20th. Wall Street Zen raised Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Zacks Research raised Texas Roadhouse from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, Texas Roadhouse presently has an average rating of “Moderate Buy” and an average price target of $196.55.

Texas Roadhouse Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.