Amalgamated Bank Has $3.97 Million Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Amalgamated Bank decreased its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRHGet Rating) by 4.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 47,396 shares of the restaurant operator’s stock after selling 2,281 shares during the period. Amalgamated Bank’s holdings in Texas Roadhouse were worth $3,968,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. HM Payson & Co. acquired a new position in Texas Roadhouse during the 1st quarter valued at about $25,000. Point72 Hong Kong Ltd acquired a new position in Texas Roadhouse during the 4th quarter valued at about $51,000. CENTRAL TRUST Co lifted its position in Texas Roadhouse by 92.7% during the 1st quarter. CENTRAL TRUST Co now owns 578 shares of the restaurant operator’s stock valued at $48,000 after purchasing an additional 278 shares during the period. CWM LLC lifted its position in Texas Roadhouse by 64.5% during the 1st quarter. CWM LLC now owns 1,127 shares of the restaurant operator’s stock valued at $94,000 after purchasing an additional 442 shares during the period. Finally, Covestor Ltd lifted its position in Texas Roadhouse by 80.7% during the 1st quarter. Covestor Ltd now owns 1,187 shares of the restaurant operator’s stock valued at $99,000 after purchasing an additional 530 shares during the period. Institutional investors and hedge funds own 97.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Citigroup upped their target price on shares of Texas Roadhouse to $110.00 in a research report on Tuesday, August 9th. Truist Financial cut their target price on shares of Texas Roadhouse from $113.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, July 1st. Wedbush lowered their price target on Texas Roadhouse from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Friday, July 29th. MKM Partners lowered their price target on Texas Roadhouse from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, May 26th. Finally, Barclays lowered their price target on Texas Roadhouse from $92.00 to $87.00 and set an “equal weight” rating for the company in a research note on Thursday, June 9th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Texas Roadhouse has an average rating of “Moderate Buy” and an average price target of $102.05.

Texas Roadhouse Price Performance

NASDAQ TXRH opened at $89.45 on Thursday. The stock has a market cap of $6.10 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 1.71 and a beta of 0.97. Texas Roadhouse, Inc. has a 52-week low of $68.58 and a 52-week high of $97.43. The business has a 50 day simple moving average of $88.74 and a 200 day simple moving average of $82.36. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.47 and a current ratio of 0.53.

Texas Roadhouse (NASDAQ:TXRHGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The restaurant operator reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.04. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Texas Roadhouse had a net margin of 6.71% and a return on equity of 24.45%. The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the business earned $1.08 EPS. Analysts anticipate that Texas Roadhouse, Inc. will post 3.83 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Wednesday, September 7th will be paid a dividend of $0.46 per share. The ex-dividend date is Tuesday, September 6th. This represents a $1.84 annualized dividend and a dividend yield of 2.06%. Texas Roadhouse’s dividend payout ratio is currently 50.27%.

Insider Transactions at Texas Roadhouse

In other news, Director Gregory N. Moore sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $86.59, for a total transaction of $173,180.00. Following the completion of the transaction, the director now directly owns 63,850 shares of the company’s stock, valued at approximately $5,528,771.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, General Counsel Christopher C. Colson sold 1,357 shares of the stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $94.36, for a total value of $128,046.52. Following the completion of the sale, the general counsel now owns 3,000 shares of the company’s stock, valued at approximately $283,080. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gregory N. Moore sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $86.59, for a total value of $173,180.00. Following the completion of the sale, the director now directly owns 63,850 shares of the company’s stock, valued at approximately $5,528,771.50. The disclosure for this sale can be found here. Insiders sold 18,922 shares of company stock valued at $1,739,455 in the last ninety days. 0.60% of the stock is currently owned by corporate insiders.

Texas Roadhouse Company Profile

(Get Rating)

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names. As of December 28, 2021, it operated 566 domestic restaurants and 101 franchise restaurants.

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Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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