Texas Roadhouse, Inc. (NASDAQ:TXRH) is GW&K Investment Management LLC's 2nd Largest Position

GW&K Investment Management LLC lessened its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 1.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 876,319 shares of the restaurant operator's stock after selling 10,726 shares during the period. Texas Roadhouse accounts for approximately 1.4% of GW&K Investment Management LLC's portfolio, making the stock its 2nd largest holding. GW&K Investment Management LLC owned approximately 1.32% of Texas Roadhouse worth $146,021,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of TXRH. Bogart Wealth LLC acquired a new position in Texas Roadhouse during the 1st quarter valued at about $33,000. Coppell Advisory Solutions LLC boosted its holdings in shares of Texas Roadhouse by 56.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock worth $35,000 after buying an additional 71 shares during the period. Park Place Capital Corp grew its position in Texas Roadhouse by 459.1% during the first quarter. Park Place Capital Corp now owns 369 shares of the restaurant operator's stock valued at $61,000 after purchasing an additional 303 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Texas Roadhouse by 41.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator's stock valued at $63,000 after purchasing an additional 112 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in Texas Roadhouse by 153.9% in the first quarter. Versant Capital Management Inc now owns 457 shares of the restaurant operator's stock valued at $76,000 after acquiring an additional 277 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

Texas Roadhouse Price Performance

Texas Roadhouse stock traded up $1.25 during trading hours on Tuesday, hitting $184.26. The company had a trading volume of 606,193 shares, compared to its average volume of 932,739. The firm has a market cap of $12.22 billion, a PE ratio of 28.44, a PEG ratio of 2.43 and a beta of 0.87. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04. The firm has a 50-day moving average of $189.94 and a 200 day moving average of $178.82.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a return on equity of 32.33% and a net margin of 7.89%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the business posted $1.69 EPS. The business's revenue was up 11.8% on a year-over-year basis. As a group, research analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio is currently 41.98%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TXRH shares. The Goldman Sachs Group upped their price target on shares of Texas Roadhouse from $184.00 to $205.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Barclays raised their price target on shares of Texas Roadhouse from $175.00 to $189.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Robert W. Baird set a $180.00 price target on shares of Texas Roadhouse and gave the company an "outperform" rating in a research note on Monday, April 7th. Melius started coverage on shares of Texas Roadhouse in a research report on Monday, July 14th. They set a "buy" rating and a $235.00 target price on the stock. Finally, Guggenheim lifted their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $194.10.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,000 shares of Texas Roadhouse stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $187.62, for a total value of $187,620.00. Following the sale, the director owned 38,050 shares of the company's stock, valued at approximately $7,138,941. The trade was a 2.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Donna E. Epps sold 800 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $186.52, for a total transaction of $149,216.00. Following the completion of the sale, the director directly owned 4,632 shares in the company, valued at approximately $863,960.64. This trade represents a 14.73% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Company 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.