Geode Capital Management LLC Has $212.26 Million Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Geode Capital Management LLC raised its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,201,641 shares of the restaurant operator's stock after purchasing an additional 18,126 shares during the quarter. Geode Capital Management LLC owned 1.80% of Texas Roadhouse worth $212,261,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TXRH. Hollencrest Capital Management purchased a new stake in Texas Roadhouse in the 2nd quarter worth approximately $25,000. McClarren Financial Advisors Inc. raised its holdings in shares of Texas Roadhouse by 4,175.0% during the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 167 shares in the last quarter. True Wealth Design LLC acquired a new stake in Texas Roadhouse during the third quarter valued at $30,000. PSI Advisors LLC boosted its position in Texas Roadhouse by 70.8% during the third 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, UMB Bank n.a. grew its stake in Texas Roadhouse by 118.6% in the third quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator's stock valued at $46,000 after purchasing an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH traded up $0.67 during trading on Monday, hitting $187.53. 714,813 shares of the stock were exchanged, compared to its average volume of 761,331. The company has a market capitalization of $12.51 billion, a price-to-earnings ratio of 32.11, a price-to-earnings-growth ratio of 1.59 and a beta of 0.98. Texas Roadhouse, Inc. has a 1-year low of $115.48 and a 1-year high of $206.04. The company's fifty day simple moving average is $190.68 and its 200-day simple moving average is $176.98.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing analysts' consensus estimates of $1.32 by ($0.06). The business had revenue of $1.27 billion for 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 quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 EPS. On average, research analysts forecast that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a yield of 1.30%. Texas Roadhouse's payout ratio is currently 41.92%.

Wall Street Analyst Weigh In

TXRH has been the topic of a number of research reports. 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. The Goldman Sachs Group began coverage on Texas Roadhouse in a research report on Thursday, December 5th. They issued a "neutral" rating and a $213.00 price target for the company. Barclays raised their price objective on Texas Roadhouse from $160.00 to $175.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Wedbush boosted their target price on Texas Roadhouse from $190.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Finally, Guggenheim increased their price target on Texas Roadhouse from $190.00 to $195.00 and gave the company a "buy" rating in a report on Wednesday, September 25th. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Texas Roadhouse currently has a consensus rating of "Hold" and a consensus target price of $190.09.

Insider Buying and Selling

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 stock was sold at an average price of $202.26, for a total value of $303,390.00. Following the sale, the chief technology officer now directly owns 16,342 shares in the company, valued at $3,305,332.92. This represents a 8.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction on Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the transaction, the director now directly owns 3,532 shares of the company's stock, valued at approximately $691,071.12. The trade was a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.50% of the company's stock.

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.