Loomis Sayles & Co. L P Lowers Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Loomis Sayles & Co. L P trimmed its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 427,142 shares of the restaurant operator’s stock after selling 366 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.64% of Texas Roadhouse worth $75,433,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TXRH. Marshall Wace LLP grew its position in Texas Roadhouse by 128.9% in the second quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock worth $131,375,000 after acquiring an additional 430,814 shares in the last quarter. Fiera Capital Corp purchased a new position in shares of Texas Roadhouse during the third quarter valued at $41,670,000. AQR Capital Management LLC increased its holdings in Texas Roadhouse by 22.3% during the second quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock valued at $156,230,000 after buying an additional 165,738 shares during the period. Jennison Associates LLC grew its stake in Texas Roadhouse by 29.1% during the 3rd quarter. Jennison Associates LLC now owns 622,561 shares of the restaurant operator’s stock worth $109,944,000 after buying an additional 140,439 shares during the last quarter. Finally, Davidson Kempner Capital Management LP purchased a new stake in shares of Texas Roadhouse during the second quarter valued at $21,462,000. Institutional investors own 94.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TXRH. Barclays raised their target price on Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Stephens raised their price target on shares of Texas Roadhouse from $170.00 to $176.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Evercore ISI boosted their target price on shares of Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Citigroup increased their price objective on shares of Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Finally, BMO Capital Markets increased their price objective on Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Twelve analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Texas Roadhouse has an average rating of “Hold” and a consensus target price of $189.00.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $194.90 on Monday. Texas Roadhouse, Inc. has a 52 week low of $110.88 and a 52 week high of $203.32. The company has a market capitalization of $13.00 billion, a price-to-earnings ratio of 33.49, a PEG ratio of 1.66 and a beta of 0.98. The company has a 50-day moving average of $183.50 and a 200-day moving average of $173.89.

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

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.25%. Texas Roadhouse’s payout ratio is presently 41.92%.

Insider Buying and Selling

In other news, CTO Hernan E. Mujica sold 1,500 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value 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. This represents a 8.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Donna E. Epps sold 610 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the sale, the director now owns 3,532 shares of the company’s stock, valued at $691,071.12. This trade represents a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate 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.