Texas Roadhouse, Inc. (NASDAQ:TXRH) Stake Lessened by Logan Capital Management Inc.

Logan Capital Management Inc. decreased its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,371 shares of the restaurant operator's stock after selling 1,813 shares during the quarter. Logan Capital Management Inc. owned about 0.10% of Texas Roadhouse worth $12,336,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Texas Roadhouse during the fourth quarter worth about $30,000. Coppell Advisory Solutions LLC raised its stake in shares of Texas Roadhouse by 56.8% during the 4th 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 last quarter. SBI Securities Co. Ltd. acquired a new stake in Texas Roadhouse in the 4th quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB raised its position in Texas Roadhouse by 32.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock worth $48,000 after acquiring an additional 65 shares during the last quarter. Finally, VisionPoint Advisory Group LLC purchased a new position in shares of Texas Roadhouse during the 4th quarter worth approximately $64,000. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 2,050 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $170.66, for a total transaction of $349,853.00. Following the sale, the chief technology officer now directly owns 17,162 shares in the company, valued at approximately $2,928,866.92. The trade was a 10.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gregory N. Moore sold 1,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $187.62, for a total value of $187,620.00. Following the completion of the sale, the director now owns 38,050 shares of the company's stock, valued at $7,138,941. This trade represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,535 shares of company stock valued at $3,140,127 in the last three months. 0.50% of the stock is currently owned by corporate insiders.

Texas Roadhouse Price Performance

TXRH traded up $0.32 during trading hours on Thursday, hitting $189.42. 1,050,592 shares of the stock were exchanged, compared to its average volume of 902,537. The stock has a market cap of $12.59 billion, a price-to-earnings ratio of 29.28, a price-to-earnings-growth ratio of 1.23 and a beta of 0.87. The stock has a 50-day simple moving average of $168.76 and a 200-day simple moving average of $179.55. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share for the quarter, missing analysts' consensus estimates of $1.75 by ($0.05). Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the company posted $1.69 earnings per share. The firm's revenue for the quarter was up 11.8% compared to the same quarter last year. Sell-side analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd will be issued a dividend of $0.68 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.44%. Texas Roadhouse's dividend payout ratio (DPR) is presently 41.98%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TXRH. JPMorgan Chase & Co. cut their price target on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. UBS Group decreased their price target on Texas Roadhouse from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Truist Financial cut their price objective on shares of Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Stifel Nicolaus decreased their price target on shares of Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating on the stock in a report on Tuesday, April 15th. Finally, Barclays reduced their target price on Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating on the stock in a report on Friday, May 9th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $191.62.

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.