Pathstone Holdings LLC Has $2.36 Million Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Pathstone Holdings LLC decreased its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,345 shares of the restaurant operator’s stock after selling 196 shares during the period. Pathstone Holdings LLC’s holdings in Texas Roadhouse were worth $2,357,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of TXRH. Victory Capital Management Inc. lifted its stake in shares of Texas Roadhouse by 194.9% in the 3rd quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock valued at $11,962,000 after purchasing an additional 44,768 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Texas Roadhouse by 200.6% during the 2nd quarter. SG Americas Securities LLC now owns 19,067 shares of the restaurant operator’s stock worth $3,274,000 after buying an additional 12,725 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of Texas Roadhouse by 0.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator’s stock worth $85,306,000 after buying an additional 4,391 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of Texas Roadhouse by 320.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 11,940 shares of the restaurant operator’s stock valued at $2,050,000 after acquiring an additional 9,097 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of Texas Roadhouse by 1,042.2% during the 3rd quarter. Assetmark Inc. now owns 9,709 shares of the restaurant operator’s stock valued at $1,715,000 after acquiring an additional 8,859 shares during the period. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Trading Up 3.7 %

Shares of NASDAQ TXRH opened at $202.12 on Tuesday. The firm has a market cap of $13.48 billion, a price-to-earnings ratio of 34.73, a price-to-earnings-growth ratio of 1.66 and a beta of 0.98. The stock has a fifty day simple moving average of $184.27 and a two-hundred day simple moving average of $174.14. Texas Roadhouse, Inc. has a 1-year low of $110.88 and a 1-year high of $203.32.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The company’s revenue was up 13.5% compared to the same quarter last year. During the same period last year, the business posted $0.95 EPS. Analysts forecast that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse’s payout ratio is currently 41.92%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TXRH shares. Truist Financial raised their price target on shares of Texas Roadhouse from $202.00 to $207.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Robert W. Baird boosted their target price on Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Morgan Stanley increased their price target on Texas Roadhouse from $200.00 to $205.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Barclays boosted their price objective on Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Finally, Royal Bank of Canada lifted their price target on shares of Texas Roadhouse from $175.00 to $185.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Twelve analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $189.00.

Insider Buying and Selling

In related news, CTO Hernan E. Mujica sold 1,500 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the sale, the chief technology officer now owns 16,342 shares of the company’s stock, valued at approximately $3,305,332.92. This represents a 8.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Donna E. Epps sold 610 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the sale, the director now owns 3,532 shares in the company, valued at approximately $691,071.12. This represents a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

About Texas Roadhouse

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.