9,754 Texas Roadhouse, Inc. $TXRH Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp trimmed its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 3.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 306,804 shares of the restaurant operator’s stock after selling 9,754 shares during the period. Boston Trust Walden Corp owned 0.47% of Texas Roadhouse worth $47,966,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Provenance Wealth Advisors LLC boosted its holdings in Texas Roadhouse by 14,756.2% in the third quarter. Provenance Wealth Advisors LLC now owns 2,377 shares of the restaurant operator’s stock valued at $372,000 after purchasing an additional 2,361 shares during the last quarter. Signature Equity Partners LLC increased its holdings in Texas Roadhouse by 906.2% in the third quarter. Signature Equity Partners LLC now owns 161 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 145 shares during the last quarter. Bridge City Capital LLC increased its holdings in Texas Roadhouse by 21.5% in the third quarter. Bridge City Capital LLC now owns 17,979 shares of the restaurant operator’s stock valued at $2,811,000 after buying an additional 3,186 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new stake in Texas Roadhouse in the third quarter valued at about $1,391,000. Finally, Americana Partners LLC acquired a new stake in Texas Roadhouse during the third quarter valued at approximately $215,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insider Activity at Texas Roadhouse

In related news, CEO Gerald L. Morgan sold 15,000 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $202.17, for a total value of $3,032,550.00. Following the completion of the sale, the chief executive officer directly owned 80,970 shares of the company’s stock, valued at approximately $16,369,704.90. This represents a 15.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hugh J. Carroll sold 650 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $203.99, for a total transaction of $132,593.50. Following the completion of the transaction, the director directly owned 2,883 shares in the company, valued at $588,103.17. This trade represents a 18.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 19,970 shares of company stock worth $4,061,808 in the last quarter. Company insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on TXRH shares. KeyCorp reaffirmed a “sector weight” rating on shares of Texas Roadhouse in a report on Friday, October 2nd. Vertical Research raised Texas Roadhouse to a “buy” rating in a research report on Wednesday, October 14th. Mizuho upped their price target on Texas Roadhouse from $190.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, October 30th. UBS Group raised their price objective on Texas Roadhouse from $210.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings raised shares of Texas Roadhouse from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, September 9th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Texas Roadhouse has a consensus rating of “Moderate Buy” and an average price target of $206.32.

Texas Roadhouse Stock Performance

TXRH opened at $196.45 on Thursday. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $173.30 and its 200-day moving average is $179.13. The stock has a market cap of $12.89 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 2.00 and a beta of 0.81. Texas Roadhouse, Inc. has a twelve month low of $153.82 and a twelve month high of $216.30.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.02. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company earned $1.86 earnings per share. On average, analysts predict that Texas Roadhouse, Inc. will post 6.48 earnings per share for the current year.

About Texas Roadhouse

Texas Roadhouse, Inc (NASDAQ: TXRH) operates full-service casual dining restaurants under the Texas Roadhouse, Bubba’s 33 and Jaggers brands. Its restaurants serve made-from-scratch meals centered on hand-cut steaks, ribs, chicken, seafood, burgers and other American-style dishes, along with freshly baked rolls and a selection of beverages.

Founded in 1993, Texas Roadhouse began with its first restaurant in Clarksville, Indiana. The company’s restaurant network includes company-owned and franchised locations across the United States, as well as international locations.