Todd Asset Management LLC Sells 600 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Todd Asset Management LLC decreased its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,852 shares of the restaurant operator’s stock after selling 600 shares during the quarter. Todd Asset Management LLC owned approximately 0.06% of Texas Roadhouse worth $4,627,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in Texas Roadhouse by 1.7% in the third quarter. Wellington Management Group LLP now owns 1,807,430 shares of the restaurant operator’s stock worth $173,694,000 after purchasing an additional 29,506 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Texas Roadhouse by 0.5% during the third quarter. JPMorgan Chase & Co. now owns 1,611,543 shares of the restaurant operator’s stock valued at $154,869,000 after acquiring an additional 8,392 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Texas Roadhouse by 40.7% during the third quarter. Invesco Ltd. now owns 1,281,296 shares of the restaurant operator’s stock valued at $123,133,000 after acquiring an additional 370,627 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Texas Roadhouse by 26.3% during the third quarter. Victory Capital Management Inc. now owns 985,795 shares of the restaurant operator’s stock valued at $94,735,000 after acquiring an additional 205,064 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Texas Roadhouse by 60.9% during the third quarter. Qube Research & Technologies Ltd now owns 777,893 shares of the restaurant operator’s stock valued at $74,756,000 after acquiring an additional 294,425 shares in the last quarter. Institutional investors own 94.82% of the company’s stock.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 405 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $149.05, for a total transaction of $60,365.25. Following the completion of the sale, the insider now directly owns 8,500 shares of the company’s stock, valued at approximately $1,266,925. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Texas Roadhouse news, insider Christopher C. Colson sold 405 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $149.05, for a total transaction of $60,365.25. Following the completion of the sale, the insider now directly owns 8,500 shares of the company’s stock, valued at approximately $1,266,925. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Donna E. Epps sold 670 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $149.97, for a total transaction of $100,479.90. Following the completion of the transaction, the director now directly owns 4,142 shares of the company’s stock, valued at $621,175.74. The disclosure for this sale can be found here. Insiders sold a total of 12,382 shares of company stock valued at $1,843,145 in the last three months. 0.50% of the stock is currently owned by corporate insiders.

Texas Roadhouse Price Performance

Shares of TXRH stock traded up $5.71 during trading hours on Friday, reaching $163.61. 1,640,850 shares of the company traded hands, compared to its average volume of 835,599. Texas Roadhouse, Inc. has a 12-month low of $91.06 and a 12-month high of $170.39. The company has a market cap of $10.93 billion, a P/E ratio of 33.12, a P/E/G ratio of 1.71 and a beta of 1.00. The firm has a 50-day moving average price of $152.50 and a 200 day moving average price of $129.54.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.04. Texas Roadhouse had a return on equity of 29.49% and a net margin of 6.94%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the firm earned $1.28 EPS. The business’s quarterly revenue was up 12.5% on a year-over-year basis. Sell-side analysts predict that Texas Roadhouse, Inc. will post 5.77 EPS for the current year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 13th were issued a dividend of $0.61 per share. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.55. This represents a $2.44 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Tuesday, March 12th. Texas Roadhouse’s dividend payout ratio (DPR) is 49.39%.

Wall Street Analyst Weigh In

TXRH has been the subject of several analyst reports. Wells Fargo & Company raised their price target on Texas Roadhouse from $140.00 to $165.00 and gave the company an “equal weight” rating in a report on Friday. Wedbush raised their price target on Texas Roadhouse from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Friday. Truist Financial raised their price target on Texas Roadhouse from $170.00 to $181.00 and gave the company a “buy” rating in a report on Friday. Citigroup lifted their price objective on Texas Roadhouse from $178.00 to $183.00 and gave the stock a “buy” rating in a report on Friday. Finally, Royal Bank of Canada lifted their price objective on Texas Roadhouse from $145.00 to $165.00 and gave the stock a “sector perform” rating in a report on Friday. Twelve research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $151.30.

Texas Roadhouse Profile

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.