Cascade Investment Advisors Inc. Lowers Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Cascade Investment Advisors Inc. trimmed its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,055 shares of the restaurant operator’s stock after selling 60 shares during the period. Texas Roadhouse makes up about 1.4% of Cascade Investment Advisors Inc.’s holdings, making the stock its 21st largest holding. Cascade Investment Advisors Inc.’s holdings in Texas Roadhouse were worth $2,129,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Bridgefront Capital LLC acquired a new position in Texas Roadhouse during the fourth quarter worth $736,000. Ontario Teachers Pension Plan Board acquired a new stake in shares of Texas Roadhouse in the first quarter valued at $2,338,000. Los Angeles Capital Management LLC raised its stake in Texas Roadhouse by 158.3% in the first quarter. Los Angeles Capital Management LLC now owns 22,510 shares of the restaurant operator’s stock valued at $3,477,000 after buying an additional 13,795 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Texas Roadhouse during the first quarter worth about $4,522,000. Finally, Sei Investments Co. raised its stake in Texas Roadhouse by 31.6% during the 1st quarter. Sei Investments Co. now owns 73,707 shares of the restaurant operator’s stock valued at $11,385,000 after acquiring an additional 17,691 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TXRH has been the subject of several recent analyst reports. Morgan Stanley raised their price target on Texas Roadhouse from $155.00 to $162.00 and gave the company an “equal weight” rating in a report on Tuesday, July 16th. BMO Capital Markets raised their price target on Texas Roadhouse from $145.00 to $155.00 and gave the company a “market perform” rating in a report on Friday, July 26th. Truist Financial raised their price target on Texas Roadhouse from $185.00 to $196.00 and gave the company a “buy” rating in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft raised their price target on Texas Roadhouse from $190.00 to $193.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Finally, Wells Fargo & Company raised their price target on Texas Roadhouse from $165.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Texas Roadhouse has a consensus rating of “Hold” and a consensus price target of $176.60.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $178.23 on Thursday. The stock has a fifty day moving average of $168.78 and a two-hundred day moving average of $165.26. The company has a market capitalization of $11.88 billion, a price-to-earnings ratio of 36.08, a PEG ratio of 1.58 and a beta of 0.99. Texas Roadhouse, Inc. has a fifty-two week low of $91.06 and a fifty-two week high of $180.69.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.15. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. Texas Roadhouse’s revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.22 earnings per share. On average, analysts forecast that Texas Roadhouse, Inc. will post 6.33 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Wednesday, September 4th. Texas Roadhouse’s dividend payout ratio is currently 49.39%.

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.