Cinctive Capital Management LP Purchases New Shares in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Cinctive Capital Management LP acquired a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 28,510 shares of the restaurant operator's stock, valued at approximately $5,035,000.

Several other large investors have also recently bought and sold shares of TXRH. Geneva Capital Management LLC boosted its position in shares of Texas Roadhouse by 0.4% during the 3rd quarter. Geneva Capital Management LLC now owns 922,405 shares of the restaurant operator's stock valued at $162,897,000 after purchasing an additional 3,584 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Texas Roadhouse by 22.3% during the second quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator's stock worth $156,230,000 after buying an additional 165,738 shares in the last quarter. FMR LLC increased its holdings in shares of Texas Roadhouse by 81.6% in the third quarter. FMR LLC now owns 898,522 shares of the restaurant operator's stock valued at $158,679,000 after buying an additional 403,720 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Texas Roadhouse by 128.9% during the 2nd quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator's stock valued at $131,375,000 after acquiring an additional 430,814 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Texas Roadhouse by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 744,624 shares of the restaurant operator's stock worth $127,859,000 after acquiring an additional 2,578 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Analyst Ratings Changes

TXRH has been the subject of several analyst reports. Guggenheim upped their target price on Texas Roadhouse from $190.00 to $195.00 and gave the company a "buy" rating in a report on Wednesday, September 25th. Citigroup lifted their price objective on shares of Texas Roadhouse from $192.00 to $201.00 and gave the stock a "buy" rating in a research report on Tuesday, October 1st. Barclays upped their price objective on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Morgan Stanley increased their price objective on Texas Roadhouse from $200.00 to $205.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. Finally, Evercore ISI boosted their target price on Texas Roadhouse from $195.00 to $200.00 and gave the company an "outperform" rating in a research note on Tuesday, October 15th. Twelve analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Texas Roadhouse currently has an average rating of "Hold" and a consensus price target of $189.00.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH traded down $1.60 on Tuesday, hitting $196.60. The stock had a trading volume of 290,982 shares, compared to its average volume of 764,906. The company has a market capitalization of $13.12 billion, a price-to-earnings ratio of 34.05, a price-to-earnings-growth ratio of 1.75 and a beta of 0.98. The firm's 50 day moving average price is $187.65 and its 200-day moving average price is $175.39. Texas Roadhouse, Inc. has a twelve month low of $112.87 and a twelve month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate 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 return on equity of 31.33% and a net margin of 7.65%. The firm's revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.95 earnings per share. As a group, sell-side analysts predict that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend 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%.

Insider Activity

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 1,500 shares of the company's stock in a transaction on 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 in the company, valued at approximately $3,305,332.92. The trade was a 8.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Donna E. Epps sold 610 shares of the firm's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the transaction, the director now 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 insiders.

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.