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

Boston Trust Walden Corp increased its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 7.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 239,056 shares of the restaurant operator's stock after purchasing an additional 17,316 shares during the quarter. Boston Trust Walden Corp owned 0.36% of Texas Roadhouse worth $44,802,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake in shares of Texas Roadhouse by 22.8% in the second quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator's stock valued at $59,000 after purchasing an additional 58 shares during the period. Advisory Alpha LLC boosted its stake in shares of Texas Roadhouse by 3.0% in the first quarter. Advisory Alpha LLC now owns 2,063 shares of the restaurant operator's stock valued at $344,000 after purchasing an additional 60 shares during the period. Dakota Wealth Management boosted its stake in shares of Texas Roadhouse by 3.8% in the second quarter. Dakota Wealth Management now owns 1,675 shares of the restaurant operator's stock valued at $314,000 after purchasing an additional 61 shares during the period. Valeo Financial Advisors LLC boosted its stake in shares of Texas Roadhouse by 2.3% in the first quarter. Valeo Financial Advisors LLC now owns 2,750 shares of the restaurant operator's stock valued at $458,000 after purchasing an additional 62 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Texas Roadhouse by 0.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 13,627 shares of the restaurant operator's stock valued at $2,271,000 after purchasing an additional 66 shares during the period. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH opened at $169.83 on Wednesday. The stock has a market capitalization of $11.29 billion, a price-to-earnings ratio of 25.93, a price-to-earnings-growth ratio of 2.55 and a beta of 0.82. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $206.04. The company's fifty day moving average is $169.37 and its two-hundred day moving average is $176.80.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share for the quarter, missing analysts' consensus estimates of $1.95 by ($0.09). The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The firm's revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the company posted $1.79 earnings per share. Sell-side analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Texas Roadhouse's dividend payout ratio (DPR) is 41.53%.

Insider Buying and Selling

In related news, CTO Hernan E. Mujica sold 2,189 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $172.40, for a total value of $377,383.60. Following the sale, the chief technology officer owned 17,553 shares of the company's stock, valued at $3,026,137.20. This trade represents a 11.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Regina A. Tobin sold 3,153 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $173.53, for a total transaction of $547,140.09. Following the completion of the sale, the president directly owned 15,261 shares in the company, valued at approximately $2,648,241.33. This trade represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,342 shares of company stock valued at $1,443,704 in the last quarter. Company insiders own 0.50% of the company's stock.

Analyst Ratings Changes

TXRH has been the subject of several analyst reports. Barclays upped their target price on shares of Texas Roadhouse from $175.00 to $189.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Melius started coverage on shares of Texas Roadhouse in a research note on Monday, July 14th. They set a "buy" rating and a $235.00 price objective on the stock. Stifel Nicolaus increased their price objective on shares of Texas Roadhouse from $180.00 to $188.00 and gave the company a "hold" rating in a research note on Friday, July 25th. Morgan Stanley increased their price objective on shares of Texas Roadhouse from $200.00 to $205.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Texas Roadhouse in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $195.25.

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.

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