Logan Capital Management Inc. Has $12.11 Million Stock Position in Texas Roadhouse, Inc. $TXRH

Key Points

• Logan Capital Management Inc. increased its holdings in Texas Roadhouse by 6.3%, owning approximately $12.11 million worth of shares following the purchase of 4,285 additional shares.
• Recent insider sales included Director Gregory N. Moore selling 3,000 shares for $519,180, while CTO Hernan E. Mujica sold 2,189 shares for $377,383, indicating a decrease in their positions.
• Analysts have recently adjusted their price targets for Texas Roadhouse, with Citigroup setting a target of $197 and Bank of America raising it to $219, reflecting a consensus rating of "Moderate Buy".

Logan Capital Management Inc. boosted its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 6.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,656 shares of the restaurant operator's stock after purchasing an additional 4,285 shares during the quarter. Logan Capital Management Inc. owned 0.11% of Texas Roadhouse worth $12,107,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Ascent Group LLC raised its stake in shares of Texas Roadhouse by 108.1% in the 1st quarter. Ascent Group LLC now owns 17,948 shares of the restaurant operator's stock valued at $2,991,000 after buying an additional 9,324 shares in the last quarter. United Services Automobile Association acquired a new position in shares of Texas Roadhouse in the 1st quarter valued at $740,000. Dynamic Technology Lab Private Ltd grew its holdings in shares of Texas Roadhouse by 61.8% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 19,040 shares of the restaurant operator's stock worth $3,173,000 after purchasing an additional 7,269 shares during the last quarter. Tenzing Global Management LLC bought a new stake in shares of Texas Roadhouse in the 1st quarter worth about $3,333,000. Finally, Scientech Research LLC grew its holdings in shares of Texas Roadhouse by 18.3% in the 1st quarter. Scientech Research LLC now owns 4,294 shares of the restaurant operator's stock worth $716,000 after purchasing an additional 665 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Stock Performance

Texas Roadhouse stock traded down $0.47 during trading hours on Friday, reaching $166.69. 874,245 shares of the company's stock traded hands, compared to its average volume of 1,031,875. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $206.04. The firm has a market capitalization of $11.08 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 2.28 and a beta of 0.84. The firm's 50 day moving average is $178.58 and its 200-day moving average is $178.53.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.09). Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the business earned $1.79 EPS. The firm's revenue was up 12.7% compared to the same quarter last year. Analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TXRH shares. Bank of America upped their target price on shares of Texas Roadhouse from $203.00 to $219.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Citigroup upped their target price on shares of Texas Roadhouse from $180.00 to $197.00 and gave the stock a "neutral" rating in a report on Tuesday, July 29th. Melius Research raised shares of Texas Roadhouse to a "strong-buy" rating in a report on Monday, July 14th. Guggenheim upped their target price on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, Evercore ISI lowered shares of Texas Roadhouse from an "outperform" rating to an "in-line" rating and set a $190.00 target price on the stock. in a report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, Texas Roadhouse currently has an average rating of "Moderate Buy" and an average price target of $197.35.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Gregory N. Moore sold 3,000 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $173.06, for a total transaction of $519,180.00. Following the sale, the director directly owned 34,550 shares in the company, valued at approximately $5,979,223. This trade represents a 7.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President Regina A. Tobin sold 3,153 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $173.53, for a total transaction of $547,140.09. Following the sale, the president owned 15,261 shares in the company, valued at $2,648,241.33. This trade represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,342 shares of company stock worth $1,443,704. Company insiders own 0.50% of the company's stock.

About Texas Roadhouse

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.