Eagle Asset Management Inc. Sells 52,544 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Eagle Asset Management Inc. lessened its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 33.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,022 shares of the restaurant operator’s stock after selling 52,544 shares during the period. Eagle Asset Management Inc. owned 0.16% of Texas Roadhouse worth $18,723,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. LRI Investments LLC bought a new position in Texas Roadhouse in the 1st quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Texas Roadhouse in the 2nd quarter worth approximately $25,000. Hollencrest Capital Management bought a new position in Texas Roadhouse in the 2nd quarter worth approximately $25,000. McClarren Financial Advisors Inc. raised its position in Texas Roadhouse by 4,175.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 167 shares during the last quarter. Finally, PSI Advisors LLC raised its position in Texas Roadhouse by 70.8% in the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Performance

Shares of TXRH opened at $194.90 on Friday. Texas Roadhouse, Inc. has a 52 week low of $110.88 and a 52 week high of $203.32. The firm has a market cap of $13.00 billion, a P/E ratio of 33.49, a price-to-earnings-growth ratio of 1.64 and a beta of 0.98. The firm’s 50-day simple moving average is $182.88 and its 200 day simple moving average is $173.59.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). The business had revenue of $1.27 billion during 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 business’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.95 EPS. As a group, equities analysts forecast that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

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

Insider Transactions at Texas Roadhouse

In related news, CTO Hernan E. Mujica sold 1,500 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the completion of the transaction, the chief technology officer now owns 16,342 shares of the company’s stock, valued at $3,305,332.92. This represents a 8.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Donna E. Epps sold 610 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $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 insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. Evercore ISI lifted their target price on shares of Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Stifel Nicolaus lifted their target price on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Citigroup lifted their target price on shares of Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Wells Fargo & Company lifted their target price on shares of Texas Roadhouse from $165.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Finally, Truist Financial lifted their target price on shares of Texas Roadhouse from $202.00 to $207.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Twelve equities research 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, the stock presently has a consensus rating of “Hold” and a consensus price target of $189.00.

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.