Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp reduced its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 64.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 214,145 shares of the restaurant operator's stock after selling 381,897 shares during the period. Boston Trust Walden Corp owned approximately 0.32% of Texas Roadhouse worth $37,818,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Texas Roadhouse by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator's stock valued at $1,000,356,000 after buying an additional 53,419 shares during the period. AQR Capital Management LLC grew its position in Texas Roadhouse by 22.3% in the second quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator's stock valued at $156,230,000 after acquiring an additional 165,738 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Texas Roadhouse by 128.9% during the second quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator's stock valued at $131,375,000 after purchasing an additional 430,814 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Texas Roadhouse by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 744,624 shares of the restaurant operator's stock worth $127,859,000 after purchasing an additional 2,578 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Texas Roadhouse by 25.0% in the second quarter. Millennium Management LLC now owns 583,009 shares of the restaurant operator's stock valued at $100,108,000 after purchasing an additional 116,721 shares during the period. 94.82% of the stock is owned by hedge funds and other institutional investors.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH traded up $6.48 during mid-day trading on Friday, hitting $187.38. The company had a trading volume of 1,488,827 shares, compared to its average volume of 772,449. Texas Roadhouse, Inc. has a 12 month low of $93.79 and a 12 month high of $189.97. The stock has a market cap of $12.52 billion, a price-to-earnings ratio of 37.93, a PEG ratio of 1.61 and a beta of 0.99. The firm's 50 day simple moving average is $172.41 and its two-hundred day simple moving average is $168.45.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.07). The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. Texas Roadhouse's quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.95 earnings per share. Equities analysts forecast that Texas Roadhouse, Inc. will post 6.37 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Wednesday, September 4th were given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Wednesday, September 4th. Texas Roadhouse's dividend payout ratio (DPR) is 49.39%.

Wall Street Analyst Weigh In

TXRH has been the topic of several analyst reports. Bank of America lifted their price target on shares of Texas Roadhouse from $206.00 to $234.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Robert W. Baird raised their target price on Texas Roadhouse from $190.00 to $205.00 and gave the company an "outperform" rating in a research note on Friday. BMO Capital Markets lifted their target price on Texas Roadhouse from $155.00 to $162.00 and gave the stock a "market perform" rating in a research report on Friday. UBS Group increased their price target on Texas Roadhouse from $200.00 to $210.00 and gave the company a "buy" rating in a report on Friday. Finally, Truist Financial lifted their price objective on Texas Roadhouse from $202.00 to $207.00 and gave the stock a "buy" rating in a report on Friday. Twelve investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $188.00.

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.