Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Purchased by Fmr LLC

Fmr LLC grew its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 81.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 898,522 shares of the restaurant operator’s stock after purchasing an additional 403,720 shares during the period. Fmr LLC owned 1.35% of Texas Roadhouse worth $158,679,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Geneva Capital Management LLC lifted its position in Texas Roadhouse by 0.4% during the third quarter. Geneva Capital Management LLC now owns 922,405 shares of the restaurant operator’s stock worth $162,897,000 after buying an additional 3,584 shares during the period. AQR Capital Management LLC boosted its position in shares of Texas Roadhouse by 22.3% in the second quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock worth $156,230,000 after acquiring an additional 165,738 shares during the last quarter. Marshall Wace LLP grew its holdings in Texas Roadhouse by 128.9% in the second quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock valued at $131,375,000 after purchasing an additional 430,814 shares during the period. Bank of New York Mellon Corp increased its position in Texas Roadhouse by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 744,624 shares of the restaurant operator’s stock worth $127,859,000 after purchasing an additional 2,578 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in Texas Roadhouse by 29.1% during the third quarter. Jennison Associates LLC now owns 622,561 shares of the restaurant operator’s stock worth $109,944,000 after purchasing an additional 140,439 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insider Buying and Selling at Texas Roadhouse

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

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $196.10 on Wednesday. The firm has a market cap of $13.08 billion, a P/E ratio of 33.69, a P/E/G ratio of 1.69 and a beta of 0.98. The firm has a fifty day moving average of $188.06 and a two-hundred day moving average of $175.57. Texas Roadhouse, Inc. has a 1-year low of $112.87 and a 1-year high of $206.04.

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). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the firm earned $0.95 earnings per share. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. On average, sell-side analysts expect that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio is presently 41.92%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TXRH. Truist Financial upped their price objective on Texas Roadhouse from $202.00 to $207.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Stifel Nicolaus upped their price target on Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Wedbush lifted their price objective on Texas Roadhouse from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Robert W. Baird increased their target price on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Evercore ISI lifted their price target on shares of Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $189.00.

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.