Texas Roadhouse, Inc. $TXRH Shares Bought by Logan Capital Management Inc.

Logan Capital Management Inc. raised its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,253 shares of the restaurant operator’s stock after purchasing an additional 3,116 shares during the quarter. Logan Capital Management Inc.’s holdings in Texas Roadhouse were worth $11,994,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nuveen LLC increased its position in shares of Texas Roadhouse by 33.9% in the 4th quarter. Nuveen LLC now owns 467,703 shares of the restaurant operator’s stock valued at $77,639,000 after acquiring an additional 118,444 shares during the period. Empowered Funds LLC acquired a new stake in Texas Roadhouse during the 4th quarter worth about $91,000. Deutsche Bank AG lifted its position in Texas Roadhouse by 118.4% during the 4th quarter. Deutsche Bank AG now owns 15,068 shares of the restaurant operator’s stock worth $2,501,000 after acquiring an additional 8,168 shares during the period. Focus Partners Advisor Solutions LLC grew its stake in Texas Roadhouse by 2.6% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 7,388 shares of the restaurant operator’s stock valued at $1,226,000 after purchasing an additional 185 shares during the last quarter. Finally, Rule One Partners LLC purchased a new stake in Texas Roadhouse during the 4th quarter valued at about $249,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 499 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $179.22, for a total transaction of $89,430.78. Following the completion of the transaction, the insider owned 14,500 shares of the company’s stock, valued at $2,598,690. This represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lloyd Paul Marshall sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $178.34, for a total value of $178,340.00. Following the completion of the transaction, the insider owned 10,326 shares in the company, valued at approximately $1,841,538.84. This trade represents a 8.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,166 shares of company stock worth $1,963,705 in the last quarter. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TXRH. JPMorgan Chase & Co. raised their price objective on Texas Roadhouse from $182.00 to $188.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Mizuho increased their price target on shares of Texas Roadhouse from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of Texas Roadhouse in a research report on Friday, May 29th. Benchmark reaffirmed a “hold” rating on shares of Texas Roadhouse in a report on Monday, February 23rd. Finally, Stephens increased their price objective on shares of Texas Roadhouse from $168.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $196.36.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $167.70 on Friday. The stock has a market capitalization of $11.02 billion, a P/E ratio of 26.79, a P/E/G ratio of 1.80 and a beta of 0.79. The company’s fifty day moving average price is $168.22 and its 200 day moving average price is $173.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.40 and a current ratio of 0.46. Texas Roadhouse, Inc. has a 1 year low of $153.82 and a 1 year high of $197.00.

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

Texas Roadhouse Dividend Announcement

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

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.