Boston Trust Walden Corp Lowers Stock Holdings in Texas Roadhouse, Inc. $TXRH

Boston Trust Walden Corp cut its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 230,830 shares of the restaurant operator’s stock after selling 5,932 shares during the period. Boston Trust Walden Corp’s holdings in Texas Roadhouse were worth $38,119,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new stake in Texas Roadhouse during the 4th quarter valued at about $25,000. Princeton Global Asset Management LLC purchased a new stake in Texas Roadhouse in the 4th quarter valued at $31,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Texas Roadhouse in the 3rd quarter worth $33,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Texas Roadhouse in the 4th quarter worth $34,000. Finally, TD Private Client Wealth LLC raised its holdings in shares of Texas Roadhouse by 137.5% during the 4th quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock worth $44,000 after acquiring an additional 154 shares during the period. 94.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TXRH shares. Citigroup cut their target price on Texas Roadhouse from $176.00 to $174.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $200.00 price target on shares of Texas Roadhouse in a research note on Friday, May 8th. Piper Sandler upped their price objective on Texas Roadhouse from $190.00 to $192.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Barclays reduced their price objective on 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. Finally, JPMorgan Chase & Co. boosted their target price on Texas Roadhouse from $182.00 to $188.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat, Texas Roadhouse has a consensus rating of “Hold” and a consensus price target of $196.36.

Insider Activity

In other news, Director Curtis Warfield sold 2,640 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $183.05, for a total transaction of $483,252.00. Following the sale, the director owned 5,361 shares of the company’s stock, valued at $981,331.05. The trade was a 33.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher C. Colson sold 499 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $179.22, for a total transaction of $89,430.78. Following the completion of the sale, the insider directly owned 14,500 shares in the company, valued at approximately $2,598,690. The trade was a 3.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 5,728 shares of company stock valued at $1,033,847 in the last quarter. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

TXRH stock opened at $194.28 on Friday. The company has a market cap of $12.77 billion, a price-to-earnings ratio of 31.04, a price-to-earnings-growth ratio of 2.12 and a beta of 0.78. The company has a fifty day moving average price of $174.81 and a 200 day moving average price of $175.16. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.40. Texas Roadhouse, Inc. has a 12 month low of $153.82 and a 12 month high of $197.00.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.07. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. Texas Roadhouse’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the firm posted $1.70 EPS. Sell-side analysts expect that Texas Roadhouse, Inc. will post 6.42 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd were paid a $0.75 dividend. The ex-dividend date was Tuesday, June 2nd. This represents a $3.00 annualized dividend and a dividend yield of 1.5%. Texas Roadhouse’s dividend payout ratio (DPR) is 47.92%.

About Texas Roadhouse

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.