Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Acquired by Maverick Capital Ltd.

Maverick Capital Ltd. grew its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 17.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,185 shares of the restaurant operator’s stock after buying an additional 2,156 shares during the period. Maverick Capital Ltd.’s holdings in Texas Roadhouse were worth $2,505,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Kingsview Wealth Management LLC boosted its holdings in shares of Texas Roadhouse by 3.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator’s stock valued at $313,000 after buying an additional 54 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Texas Roadhouse by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator’s stock valued at $345,000 after buying an additional 62 shares in the last quarter. Insight Wealth Partners LLC boosted its holdings in shares of Texas Roadhouse by 3.9% in the 3rd quarter. Insight Wealth Partners LLC now owns 1,818 shares of the restaurant operator’s stock valued at $321,000 after buying an additional 68 shares in the last quarter. PSI Advisors LLC raised its position in Texas Roadhouse by 70.8% in the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 75 shares during the last quarter. Finally, Angeles Wealth Management LLC raised its position in Texas Roadhouse by 5.4% in the 3rd quarter. Angeles Wealth Management LLC now owns 1,469 shares of the restaurant operator’s stock valued at $259,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insiders Place Their Bets

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 1,500 shares of the firm’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 sale, the chief technology officer now directly owns 16,342 shares of the company’s stock, valued at $3,305,332.92. This trade represents a 8.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 sale, the director now directly owns 3,532 shares in the company, valued at $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 corporate insiders.

Analyst Ratings Changes

Several analysts recently commented on the stock. Barclays upped their price target on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Morgan Stanley upped their price target on shares of Texas Roadhouse from $200.00 to $205.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. BMO Capital Markets upped their price target on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. Truist Financial upped their price target on shares of Texas Roadhouse from $202.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Bank of America upped their price target on shares of Texas Roadhouse from $206.00 to $234.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Texas Roadhouse presently has a consensus rating of “Hold” and a consensus price target of $189.00.

Texas Roadhouse Trading Up 0.9 %

Shares of NASDAQ TXRH opened at $205.27 on Friday. The stock has a market cap of $13.69 billion, a price-to-earnings ratio of 35.27, a PEG ratio of 1.73 and a beta of 0.98. Texas Roadhouse, Inc. has a 52 week low of $110.88 and a 52 week high of $206.04. The company’s 50-day moving average price is $187.19 and its 200 day moving average price is $175.08.

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

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.61 per share. The ex-dividend date is Tuesday, December 10th. This represents a $2.44 annualized dividend and a dividend yield of 1.19%. Texas Roadhouse’s dividend payout ratio is currently 41.92%.

Texas Roadhouse Company 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.