Logan Capital Management Inc. Increases Position in Texas Roadhouse, Inc. $TXRH

Logan Capital Management Inc. grew its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 72,253 shares of the restaurant operator’s stock after buying an additional 3,116 shares during the quarter. Logan Capital Management Inc. owned 0.11% of Texas Roadhouse worth $11,994,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Elyxium Wealth LLC bought a new position in Texas Roadhouse in the 4th quarter valued at $25,000. Princeton Global Asset Management LLC purchased a new stake in shares of Texas Roadhouse during the fourth quarter valued at $31,000. Measured Wealth Private Client Group LLC bought a new position in shares of Texas Roadhouse in the third quarter worth about $33,000. TD Private Client Wealth LLC increased its stake in Texas Roadhouse by 137.5% in the 4th quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock worth $44,000 after buying an additional 154 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in Texas Roadhouse in the 4th quarter valued at about $48,000. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Texas Roadhouse Trading Up 2.1%

Shares of NASDAQ:TXRH opened at $167.70 on Friday. The company has a market capitalization of $11.02 billion, a PE ratio of 26.79, a P/E/G ratio of 1.80 and a beta of 0.79. 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, Inc. has a 12-month low of $153.82 and a 12-month high of $197.00. The business’s fifty day simple moving average is $168.22 and its 200-day simple moving average is $173.69.

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

Texas Roadhouse Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently commented on TXRH shares. Truist Financial reduced their target price on shares of Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating on the stock in a research report on Friday, February 20th. Piper Sandler lifted their target price on Texas Roadhouse from $190.00 to $192.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Benchmark reiterated a “hold” rating on shares of Texas Roadhouse in a report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $200.00 price target on shares of Texas Roadhouse in a research report on Friday, May 8th. Finally, BTIG Research restated a “buy” rating and issued a $200.00 price objective on shares of Texas Roadhouse in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $196.36.

Insider Activity

In other news, insider Lloyd Paul Marshall sold 1,000 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $178.34, for a total transaction of $178,340.00. Following the completion of the sale, the insider owned 10,326 shares in the company, valued at approximately $1,841,538.84. This represents a 8.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Curtis Warfield sold 2,640 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $183.05, for a total value of $483,252.00. Following the completion of the sale, the director directly owned 5,361 shares of the company’s stock, valued at $981,331.05. The trade was a 33.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,166 shares of company stock worth $1,963,705 over the last 90 days. 0.50% of the stock is currently owned by insiders.

Texas Roadhouse Company 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.