Westfield Capital Management Co. LP Sells 231,925 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Westfield Capital Management Co. LP decreased its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 29.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 557,467 shares of the restaurant operator's stock after selling 231,925 shares during the quarter. Westfield Capital Management Co. LP owned 0.84% of Texas Roadhouse worth $98,449,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of TXRH. Alpha DNA Investment Management LLC raised its holdings in Texas Roadhouse by 10.1% during the third quarter. Alpha DNA Investment Management LLC now owns 6,492 shares of the restaurant operator's stock worth $1,146,000 after purchasing an additional 596 shares in the last quarter. Kingsview Wealth Management LLC raised its stake in shares of Texas Roadhouse by 3.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator's stock worth $313,000 after buying an additional 54 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Texas Roadhouse by 37.7% in the third quarter. Cerity Partners LLC now owns 45,761 shares of the restaurant operator's stock valued at $8,081,000 after buying an additional 12,526 shares during the period. Meridian Wealth Management LLC acquired a new stake in shares of Texas Roadhouse in the third quarter valued at $302,000. Finally, Massachusetts Financial Services Co. MA bought a new position in Texas Roadhouse during the third quarter valued at about $17,853,000. 94.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Hernan E. Mujica sold 1,500 shares of the 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 completion of the transaction, the chief technology officer now owns 16,342 shares of the company's stock, valued at approximately $3,305,332.92. This represents a 8.41 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by company insiders.

Texas Roadhouse Trading Up 1.2 %

Texas Roadhouse stock traded up $2.34 during mid-day trading on Friday, hitting $194.90. 829,436 shares of the company's stock were exchanged, compared to its average volume of 763,907. Texas Roadhouse, Inc. has a 1-year low of $110.88 and a 1-year high of $203.32. The stock has a 50 day moving average of $183.50 and a two-hundred day moving average of $173.83. The stock has a market cap of $13.00 billion, a P/E ratio of 33.49, a P/E/G ratio of 1.66 and a beta of 0.98.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing analysts' consensus estimates of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the company posted $0.95 EPS. The business's revenue was up 13.5% on a year-over-year basis. As a group, research analysts predict that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on TXRH shares. Stifel Nicolaus raised their price objective on shares of Texas Roadhouse from $180.00 to $195.00 and gave the company a "hold" rating in a research report on Friday, October 25th. Robert W. Baird raised their target price on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Morgan Stanley increased their price objective on Texas Roadhouse from $200.00 to $205.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. 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 report on Friday, October 25th. Finally, Truist Financial upped their target price on Texas Roadhouse from $202.00 to $207.00 and gave the company a "buy" rating in a report on Friday, October 25th. Twelve research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $189.00.

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.