Scout Investments, an affiliate of Carillon Tower Advisers, an investment management company, released its “Carillon Scout Mid Cap Fund” third quarter 2022 investor letter. A copy of the same can be downloaded here. The fund underperformed in the quarter relative to its benchmark Russell Midcap Index. Inflation and the Fed’s actions impacted the fund’s performance in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
Carillon Tower Advisers highlighted stocks like Texas Roadhouse, Inc. (NASDAQ:TXRH) in its Q3 2022 investor letter. Headquartered in Louisville, Kentucky, Texas Roadhouse, Inc. (NASDAQ:TXRH) is a US-based restaurant operator. On December 30, 2022, Texas Roadhouse, Inc. (NASDAQ:TXRH) stock closed at $90.95 per share. One-month return of Texas Roadhouse, Inc. (NASDAQ:TXRH) was -7.41%, and its shares gained 1.87% of their value over the last 52 weeks. Texas Roadhouse, Inc. (NASDAQ:TXRH) has a market capitalization of $6.086 billion.
Carillon Tower Advisers made the following comment about Texas Roadhouse, Inc. (NASDAQ:TXRH) in its Q3 2022 investor letter:
“Texas Roadhouse, Inc. (NASDAQ:TXRH) was a relative winner as falling gasoline and meat prices helped encourage customers to keep dining out, and as beef costs, which are about half of the chain’s cost of goods sold, came down, helping to offset other inflation and to protect profit margins.”
Photo by Texas Roadhouse, Inc. (NASDAQ:TXRH) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 32 hedge fund portfolios held Texas Roadhouse, Inc. (NASDAQ:TXRH) at the end of the third quarter, which was 25 in the previous quarter.
We discussed Texas Roadhouse, Inc. (NASDAQ:TXRH) in another article and shared Baron Funds’ views on the company. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.