Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Bought by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd grew its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 85.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,469 shares of the restaurant operator's stock after acquiring an additional 7,573 shares during the quarter. Point72 Hong Kong Ltd's holdings in Texas Roadhouse were worth $2,908,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TXRH. Marshall Wace LLP boosted its holdings in shares of Texas Roadhouse by 128.9% in the second quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator's stock worth $131,375,000 after buying an additional 430,814 shares during the last quarter. FMR LLC raised its position in shares of Texas Roadhouse by 81.6% during the 3rd quarter. FMR LLC now owns 898,522 shares of the restaurant operator's stock valued at $158,679,000 after purchasing an additional 403,720 shares during the period. Erste Asset Management GmbH bought a new stake in shares of Texas Roadhouse during the 3rd quarter valued at $66,609,000. Fiera Capital Corp bought a new stake in shares of Texas Roadhouse during the 3rd quarter valued at $41,670,000. Finally, Bank of Montreal Can raised its position in shares of Texas Roadhouse by 2,216.1% during the 3rd quarter. Bank of Montreal Can now owns 176,280 shares of the restaurant operator's stock valued at $30,831,000 after purchasing an additional 168,669 shares during the period. Hedge funds and other institutional investors own 94.82% of the company's stock.

Insider Activity at Texas Roadhouse

In other news, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the transaction, the chief technology officer now owns 16,342 shares of the company's stock, valued at $3,305,332.92. The trade was a 8.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Donna E. Epps sold 610 shares of the business's stock in a transaction dated Monday, November 11th. The shares were 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 of the company's stock, valued at $691,071.12. The trade was a 14.73 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH traded down $6.15 during midday trading on Monday, hitting $199.12. The company's stock had a trading volume of 254,553 shares, compared to its average volume of 764,920. The business's fifty day simple moving average is $187.19 and its two-hundred day simple moving average is $175.18. Texas Roadhouse, Inc. has a 1 year low of $112.87 and a 1 year high of $206.04. The firm has a market capitalization of $13.28 billion, a price-to-earnings ratio of 35.27, a price-to-earnings-growth ratio of 1.75 and a beta of 0.98.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings data 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 company 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 revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.95 EPS. Analysts anticipate that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given 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 1.23%. Texas Roadhouse's dividend payout ratio (DPR) is 41.92%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Stifel Nicolaus lifted their price objective on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. Barclays lifted their price target on shares of Texas Roadhouse from $160.00 to $175.00 and gave the stock an "equal weight" rating in a research note on Friday, October 25th. BMO Capital Markets lifted their price target on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock a "market perform" rating in a research note on Friday, October 25th. Guggenheim lifted their price target on shares of Texas Roadhouse from $190.00 to $195.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. Finally, Bank of America lifted their price target on shares of Texas Roadhouse from $206.00 to $234.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, Texas Roadhouse presently has an average rating of "Hold" and an average target price of $189.00.

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.