Loomis Sayles & Co. L P Sells 12,366 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Loomis Sayles & Co. L P trimmed its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.9% during the 4th quarter, Holdings Channel reports. The fund owned 414,776 shares of the restaurant operator’s stock after selling 12,366 shares during the period. Loomis Sayles & Co. L P’s holdings in Texas Roadhouse were worth $74,838,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. True Wealth Design LLC bought a new position in shares of Texas Roadhouse during the third quarter valued at approximately $30,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Texas Roadhouse during the 4th quarter valued at $30,000. SBI Securities Co. Ltd. purchased a new position in shares of Texas Roadhouse in the 4th quarter valued at $36,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Texas Roadhouse by 32.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock worth $48,000 after acquiring an additional 65 shares in the last quarter. Finally, VisionPoint Advisory Group LLC purchased a new stake in shares of Texas Roadhouse during the 4th quarter worth $64,000. Institutional investors own 94.82% of the company’s stock.

Insider Activity

In other Texas Roadhouse news, President Regina A. Tobin sold 3,154 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total transaction of $585,508.56. Following the transaction, the president now directly owns 18,414 shares of the company’s stock, valued at $3,418,374.96. This trade represents a 14.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Curtis Warfield sold 3,281 shares of Texas Roadhouse stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $183.67, for a total transaction of $602,621.27. Following the completion of the sale, the director now owns 6,801 shares in the company, valued at approximately $1,249,139.67. This trade represents a 32.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,905 shares of company stock worth $3,198,367 in the last ninety days. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Down 1.1 %

Shares of TXRH opened at $175.53 on Thursday. The stock’s 50-day moving average price is $176.59 and its 200-day moving average price is $181.48. The company has a market capitalization of $11.66 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 1.23 and a beta of 1.00. Texas Roadhouse, Inc. has a 52 week low of $146.75 and a 52 week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.07. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. As a group, equities analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.68 per share. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Tuesday, March 18th. Texas Roadhouse’s dividend payout ratio is presently 42.04%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Royal Bank of Canada reduced their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating for the company in a report on Friday, February 21st. Stifel Nicolaus reduced their price objective on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating for the company in a research note on Friday, February 21st. Wedbush lowered their target price on shares of Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. Morgan Stanley raised Texas Roadhouse from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $205.00 to $213.00 in a research report on Tuesday, January 21st. Finally, Truist Financial decreased their price objective on Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating for the company in a report on Friday, February 21st. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $192.91.

Texas Roadhouse Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.