Amalgamated Bank lowered its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH – Get Rating) by 4.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,396 shares of the restaurant operator's stock after selling 2,281 shares during the period. Amalgamated Bank owned about 0.07% of Texas Roadhouse worth $3,968,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. HM Payson & Co. acquired a new position in shares of Texas Roadhouse in the 1st quarter worth approximately $25,000. CENTRAL TRUST Co increased its position in shares of Texas Roadhouse by 92.7% in the first quarter. CENTRAL TRUST Co now owns 578 shares of the restaurant operator's stock worth $48,000 after acquiring an additional 278 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Texas Roadhouse in the fourth quarter worth approximately $51,000. CWM LLC increased its position in shares of Texas Roadhouse by 64.5% in the first quarter. CWM LLC now owns 1,127 shares of the restaurant operator's stock worth $94,000 after acquiring an additional 442 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of Texas Roadhouse by 80.7% in the first quarter. Covestor Ltd now owns 1,187 shares of the restaurant operator's stock worth $99,000 after acquiring an additional 530 shares in the last quarter. Institutional investors and hedge funds own 97.80% of the company's stock.
Get Texas Roadhouse alerts:Insider Transactions at Texas Roadhouse
In other news, General Counsel Christopher C. Colson sold 1,357 shares of the business's stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $94.36, for a total value of $128,046.52. Following the completion of the sale, the general counsel now directly owns 3,000 shares in the company, valued at $283,080. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Gerald L. Morgan sold 4,665 shares of the business's stock in a transaction on Monday, August 15th. The shares were sold at an average price of $95.08, for a total transaction of $443,548.20. Following the transaction, the chief executive officer now owns 81,547 shares of the company's stock, valued at $7,753,488.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Christopher C. Colson sold 1,357 shares of the business's stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $94.36, for a total transaction of $128,046.52. Following the transaction, the general counsel now directly owns 3,000 shares in the company, valued at approximately $283,080. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,922 shares of company stock worth $1,739,455. 0.60% of the stock is owned by insiders.
Analyst Ratings Changes
Several research firms have recently weighed in on TXRH. Wedbush dropped their target price on shares of Texas Roadhouse from $100.00 to $95.00 and set an "outperform" rating on the stock in a research report on Friday, July 29th. Morgan Stanley lifted their target price on shares of Texas Roadhouse from $93.00 to $95.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 16th. UBS Group dropped their target price on shares of Texas Roadhouse from $108.00 to $104.00 in a research report on Tuesday, July 26th. Truist Financial decreased their price target on shares of Texas Roadhouse from $113.00 to $105.00 and set a "buy" rating for the company in a report on Friday, July 1st. Finally, Barclays decreased their price target on shares of Texas Roadhouse from $92.00 to $87.00 and set an "equal weight" rating for the company in a report on Thursday, June 9th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $102.05.Texas Roadhouse Price Performance
Shares of Texas Roadhouse stock opened at $89.45 on Thursday. The firm has a fifty day simple moving average of $88.74 and a 200-day simple moving average of $82.36. The company has a current ratio of 0.53, a quick ratio of 0.47 and a debt-to-equity ratio of 0.08. Texas Roadhouse, Inc. has a 1-year low of $68.58 and a 1-year high of $97.43. The stock has a market capitalization of $6.10 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 1.71 and a beta of 0.97.
Texas Roadhouse (NASDAQ:TXRH – Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The restaurant operator reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.04. Texas Roadhouse had a net margin of 6.71% and a return on equity of 24.45%. The business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the previous year, the company earned $1.08 earnings per share. Texas Roadhouse's revenue for the quarter was up 14.0% on a year-over-year basis. On average, sell-side analysts expect that Texas Roadhouse, Inc. will post 3.83 earnings per share for the current year.
Texas Roadhouse Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Wednesday, September 7th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Tuesday, September 6th. Texas Roadhouse's payout ratio is 50.27%.
Texas Roadhouse Profile
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Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names. As of December 28, 2021, it operated 566 domestic restaurants and 101 franchise restaurants.
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