Quantbot Technologies LP Raises Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Quantbot Technologies LP boosted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 120.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,403 shares of the restaurant operator's stock after buying an additional 2,957 shares during the quarter. Quantbot Technologies LP's holdings in Texas Roadhouse were worth $954,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TXRH. Marshall Wace LLP boosted its holdings in Texas Roadhouse by 128.9% during 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 lifted its holdings 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 in the last quarter. Fiera Capital Corp bought a new stake in Texas Roadhouse during the 3rd quarter worth approximately $41,670,000. Bank of Montreal Can raised its holdings in 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 worth $30,831,000 after buying an additional 168,669 shares during the period. Finally, AQR Capital Management LLC lifted its position in Texas Roadhouse by 22.3% in the 2nd quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator's stock valued at $156,230,000 after acquiring an additional 165,738 shares in the last quarter. Institutional investors own 94.82% of the company's stock.

Insider Activity

In other news, Director Donna E. Epps sold 610 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at $691,071.12. This represents a 14.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Hernan E. Mujica sold 1,500 shares of the business's stock in a transaction that occurred 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 owns 16,342 shares of the company's stock, valued at approximately $3,305,332.92. This trade represents a 8.41 % 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.

Wall Street Analyst Weigh In

Several research analysts recently commented on TXRH shares. Truist Financial increased their target price on shares of Texas Roadhouse from $202.00 to $207.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Royal Bank of Canada increased their target price on Texas Roadhouse from $175.00 to $185.00 and gave the stock a "sector perform" rating in a research note on Friday, October 25th. UBS Group upped their target price on Texas Roadhouse from $200.00 to $210.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Wedbush lifted their target price on Texas Roadhouse from $190.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Finally, Evercore ISI upped their target price on Texas Roadhouse from $195.00 to $200.00 and gave the stock an "outperform" rating in a report on Tuesday, October 15th. Twelve research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, Texas Roadhouse presently has a consensus rating of "Hold" and an average price target of $189.00.

Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock traded down $7.11 on Monday, hitting $198.16. 481,158 shares of the company traded hands, compared to its average volume of 765,751. Texas Roadhouse, Inc. has a 52 week low of $112.87 and a 52 week high of $206.04. The business has a 50-day simple moving average of $187.19 and a 200 day simple moving average of $175.18. The stock has a market capitalization of $13.22 billion, a P/E 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 announced its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing analysts' consensus estimates of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The company had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.27 billion. During the same quarter last year, the firm posted $0.95 EPS. Texas Roadhouse's revenue for the quarter was up 13.5% compared to the same quarter last year. Research analysts expect that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Tuesday, December 10th. Texas Roadhouse's dividend payout ratio (DPR) is 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.