Logan Capital Management Inc. Sells 1,116 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Logan Capital Management Inc. cut its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 70,184 shares of the restaurant operator’s stock after selling 1,116 shares during the period. Logan Capital Management Inc.’s holdings in Texas Roadhouse were worth $12,395,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TXRH. Wealth Enhancement Advisory Services LLC increased its stake in Texas Roadhouse by 60.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,425 shares of the restaurant operator’s stock valued at $760,000 after purchasing an additional 1,670 shares in the last quarter. Insight Wealth Partners LLC grew its holdings in shares of Texas Roadhouse by 34.0% during the second quarter. Insight Wealth Partners LLC now owns 1,750 shares of the restaurant operator’s stock valued at $300,000 after buying an additional 444 shares during the last quarter. Raymond James & Associates increased its position in shares of Texas Roadhouse by 4.6% during the second quarter. Raymond James & Associates now owns 70,827 shares of the restaurant operator’s stock valued at $12,162,000 after acquiring an additional 3,120 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Texas Roadhouse by 30.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 57,645 shares of the restaurant operator’s stock worth $9,898,000 after acquiring an additional 13,298 shares during the last quarter. Finally, Pallas Capital Advisors LLC lifted its position in Texas Roadhouse by 64.5% in the 2nd quarter. Pallas Capital Advisors LLC now owns 4,506 shares of the restaurant operator’s stock valued at $760,000 after acquiring an additional 1,766 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Trading Down 0.1 %

NASDAQ TXRH traded down $0.17 on Friday, reaching $189.58. 12,790 shares of the stock were exchanged, compared to its average volume of 759,751. Texas Roadhouse, Inc. has a one year low of $113.87 and a one year high of $206.04. The firm has a market capitalization of $12.65 billion, a PE ratio of 32.60, a PEG ratio of 1.64 and a beta of 0.98. The company’s 50-day simple moving average is $190.51 and its two-hundred day simple moving average is $176.76.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.06). The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 earnings per share. Sell-side analysts forecast that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio (DPR) is 41.92%.

Wall Street Analysts Forecast Growth

TXRH has been the subject of a number of research analyst reports. UBS Group lifted their target price on Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, October 25th. The Goldman Sachs Group started coverage on Texas Roadhouse in a report on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price objective for the company. Truist Financial upped their target price on shares of Texas Roadhouse from $202.00 to $207.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Morgan Stanley lifted their price target on shares of Texas Roadhouse from $200.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Finally, BMO Capital Markets increased their price objective on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $190.09.

Insider Transactions at Texas Roadhouse

In related news, Director Donna E. Epps sold 610 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the completion of the transaction, the director now owns 3,532 shares in the company, valued at approximately $691,071.12. This represents a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the transaction, the chief technology officer now directly owns 16,342 shares of the company’s stock, valued at $3,305,332.92. The trade was a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

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.