TD Asset Management Inc Sells 174,064 Shares of Texas Roadhouse, Inc. $TXRH

TD Asset Management Inc lessened its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 52.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 160,600 shares of the restaurant operator’s stock after selling 174,064 shares during the period. TD Asset Management Inc’s holdings in Texas Roadhouse were worth $26,660,000 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. Elyxium Wealth LLC purchased a new position in Texas Roadhouse during the 4th quarter valued at about $25,000. Princeton Global Asset Management LLC bought a new position in shares of Texas Roadhouse during the fourth quarter valued at approximately $31,000. Measured Wealth Private Client Group LLC bought a new position in shares of Texas Roadhouse during the third quarter valued at approximately $33,000. TD Private Client Wealth LLC lifted its holdings in shares of Texas Roadhouse by 137.5% during the fourth quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 154 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Texas Roadhouse by 36.0% during the first quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock valued at $70,000 after purchasing an additional 111 shares during the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TXRH shares. Benchmark restated a “hold” rating on shares of Texas Roadhouse in a research note on Monday, February 23rd. JPMorgan Chase & Co. boosted their target price on Texas Roadhouse from $182.00 to $188.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $200.00 target price on shares of Texas Roadhouse in a research note on Friday, May 8th. Barclays lowered their price target on Texas Roadhouse from $188.00 to $175.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Finally, Piper Sandler upped their price target on shares of Texas Roadhouse from $190.00 to $192.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $196.36.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $170.46 on Monday. The firm has a market cap of $11.20 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 1.87 and a beta of 0.79. The stock has a fifty day simple moving average of $168.02 and a two-hundred day simple moving average of $173.79. Texas Roadhouse, Inc. has a 12 month low of $153.82 and a 12 month high of $197.00. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 0.03.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.07. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the prior year, the company posted $1.70 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Equities analysts predict that Texas Roadhouse, Inc. will post 6.4 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 2nd will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, June 2nd. Texas Roadhouse’s payout ratio is presently 47.92%.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,250 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $178.14, for a total transaction of $222,675.00. Following the completion of the sale, the director directly owned 30,900 shares in the company, valued at approximately $5,504,526. The trade was a 3.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lloyd Paul Marshall sold 1,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $178.34, for a total transaction of $178,340.00. Following the sale, the insider owned 10,326 shares of the company’s stock, valued at approximately $1,841,538.84. This represents a 8.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 16,166 shares of company stock valued at $2,813,705 over the last quarter. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.