GW&K Investment Management LLC Has $108.34 Million Position in Texas Roadhouse, Inc. $TXRH

GW&K Investment Management LLC reduced its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 9.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 652,667 shares of the restaurant operator’s stock after selling 67,565 shares during the quarter. Texas Roadhouse accounts for 0.9% of GW&K Investment Management LLC’s investment portfolio, making the stock its 11th biggest holding. GW&K Investment Management LLC’s holdings in Texas Roadhouse were worth $108,343,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TXRH. Elyxium Wealth LLC acquired a new stake in Texas Roadhouse during the 4th quarter valued at $25,000. Princeton Global Asset Management LLC acquired a new stake in Texas Roadhouse during the 4th quarter valued at $31,000. Measured Wealth Private Client Group LLC acquired a new stake in Texas Roadhouse during the 3rd quarter valued at $33,000. TD Private Client Wealth LLC raised its stake in Texas Roadhouse by 137.5% during the 4th quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 154 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in Texas Roadhouse during the 4th quarter valued at $48,000. 94.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on TXRH. BMO Capital Markets boosted their target price on shares of Texas Roadhouse from $165.00 to $180.00 and gave the company a “market perform” rating in a research note on Thursday, May 21st. Barclays cut their target price on shares of Texas Roadhouse from $188.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Friday, May 8th. Morgan Stanley reissued an “overweight” rating and set a $201.00 target price on shares of Texas Roadhouse in a research note on Friday, May 8th. Citigroup dropped their price target on shares of Texas Roadhouse from $176.00 to $174.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $200.00 price target on shares of Texas Roadhouse in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $196.36.

Insiders Place Their Bets

In related news, CTO Hernan E. Mujica sold 5,000 shares of the company’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $170.00, for a total value of $850,000.00. Following the completion of the sale, the chief technology officer directly owned 15,552 shares in the company, valued at approximately $2,643,840. This represents a 24.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Lloyd Paul Marshall sold 1,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $178.34, for a total transaction of $178,340.00. Following the completion of the sale, the insider owned 10,326 shares of the company’s stock, valued at $1,841,538.84. This represents a 8.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 16,166 shares of company stock valued at $2,813,705 in the last three months. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse Trading Down 2.3%

NASDAQ TXRH opened at $164.00 on Wednesday. Texas Roadhouse, Inc. has a 1-year low of $153.82 and a 1-year high of $197.00. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $10.78 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 1.84 and a beta of 0.79. The firm’s fifty day simple moving average is $168.13 and its 200-day simple moving average is $173.74.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.07. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the prior year, the business posted $1.70 earnings per share. Texas Roadhouse’s revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 2nd will be paid a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.8%. Texas Roadhouse’s dividend payout ratio is 47.92%.

Texas Roadhouse Company 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.