Loomis Sayles & Co. L P Decreases Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Loomis Sayles & Co. L P lowered its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 414,776 shares of the restaurant operator’s stock after selling 12,366 shares during the quarter. Loomis Sayles & Co. L P owned 0.62% of Texas Roadhouse worth $74,838,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Texas Roadhouse by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator’s stock worth $1,180,123,000 after buying an additional 76,051 shares during the last quarter. State Street Corp boosted its position in Texas Roadhouse by 2.0% in the third quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator’s stock worth $350,171,000 after purchasing an additional 38,723 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Texas Roadhouse by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,201,641 shares of the restaurant operator’s stock valued at $212,261,000 after purchasing an additional 18,126 shares during the period. Barclays PLC increased its position in shares of Texas Roadhouse by 14.4% during the 3rd quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator’s stock valued at $208,539,000 after purchasing an additional 148,462 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of Texas Roadhouse by 81.6% in the 3rd quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock worth $158,679,000 after purchasing an additional 403,720 shares during the period. Institutional investors own 94.82% of the company’s stock.

Analyst Upgrades and Downgrades

TXRH has been the subject of several recent research reports. Guggenheim cut their target price on shares of Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Barclays cut their price objective on shares of Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating for the company in a research report on Friday, February 21st. The Goldman Sachs Group started coverage on Texas Roadhouse in a research report on Thursday, December 5th. They set a “neutral” rating and a $213.00 target price on the stock. Truist Financial reduced their price target on Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, Gordon Haskett cut Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective on the stock. in a research report on Wednesday, January 8th. Eleven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $192.91.

Insider Activity at Texas Roadhouse

In other news, Director Gregory N. Moore sold 2,700 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $168.26, for a total value of $454,302.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher C. Colson sold 1,370 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the transaction, the insider now directly owns 10,000 shares in the company, valued at $1,794,600. This represents a 12.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,905 shares of company stock worth $3,198,367. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Trading Down 1.1 %

TXRH opened at $175.53 on Thursday. The stock has a 50-day moving average of $176.59 and a 200 day moving average of $181.48. Texas Roadhouse, Inc. has a 12 month low of $146.75 and a 12 month high of $206.04. The firm has a market cap of $11.66 billion, a P/E ratio of 27.13, a P/E/G ratio of 1.23 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last released 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. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. On average, research analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

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

Texas Roadhouse Company 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.