Boston Trust Walden Corp Sells 9,754 Shares of Texas Roadhouse, Inc. $TXRH

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

Other large investors also recently modified their holdings of the company. Basecamp Wealth Advisors LLC grew its position in Texas Roadhouse by 5,033.3% in the first quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 151 shares during the period. Signature Equity Partners LLC increased its holdings in shares of 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 purchasing an additional 145 shares in the last quarter. Silvant Capital Management LLC acquired a new stake in shares of Texas Roadhouse in the 2nd quarter valued at $32,000. Coppell Advisory Solutions LLC bought a new stake in Texas Roadhouse during the 2nd quarter worth about $38,000. Finally, Western Wealth Management LLC bought a new position in Texas Roadhouse in the first quarter valued at approximately $47,000. 94.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TXRH shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $235.00 target price on shares of Texas Roadhouse in a report on Monday, August 3rd. KeyCorp reissued a “sector weight” rating on shares of Texas Roadhouse in a report on Friday, October 2nd. Vertical Research raised shares of Texas Roadhouse to a “buy” rating in a report on Wednesday, October 14th. TD Cowen dropped their price target on Texas Roadhouse from $230.00 to $195.00 and set a “buy” rating for the company in a research note on Friday, October 16th. Finally, Piper Sandler raised their target price on Texas Roadhouse from $192.00 to $208.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $206.32.

Insider Buying and Selling

In other news, CEO Gerald Morgan sold 15,000 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $202.17, for a total transaction of $3,032,550.00. Following the sale, the chief executive officer directly owned 80,970 shares in the company, valued at $16,369,704.90. This represents a 15.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gregory Moore sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $208.32, for a total value of $624,960.00. Following the transaction, the director owned 26,900 shares of the company’s stock, valued at approximately $5,603,808. The trade was a 10.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 19,970 shares of company stock valued at $4,061,808 in the last 90 days. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

Shares of TXRH opened at $196.45 on Thursday. The stock has a market cap of $12.89 billion, a P/E ratio of 29.52, a P/E/G ratio of 2.00 and a beta of 0.81. The company has a quick ratio of 0.39, a current ratio of 0.46 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 $216.30. The business’s fifty day moving average is $173.30 and its 200 day moving average is $179.13.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.85 EPS for the quarter, beating the consensus estimate of $1.83 by $0.02. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the business posted $1.86 EPS. Sell-side analysts anticipate that Texas Roadhouse, Inc. will post 6.48 earnings per share for the current fiscal year.

Texas Roadhouse Company Profile

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.