Texas Roadhouse, Inc. (NASDAQ:TXRH) Holdings Decreased by Hancock Whitney Corp

Hancock Whitney Corp cut its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 11,176 shares of the restaurant operator’s stock after selling 233 shares during the period. Hancock Whitney Corp’s holdings in Texas Roadhouse were worth $1,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in TXRH. Marshall Wace LLP boosted its stake in Texas Roadhouse by 128.9% in the second 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 period. Fiera Capital Corp bought a new stake in shares of Texas Roadhouse in the 3rd quarter worth approximately $41,670,000. AQR Capital Management LLC boosted its position in Texas Roadhouse by 22.3% during the 2nd quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock valued at $156,230,000 after purchasing an additional 165,738 shares during the period. Jennison Associates LLC grew its stake in Texas Roadhouse by 29.1% during the 3rd quarter. Jennison Associates LLC now owns 622,561 shares of the restaurant operator’s stock worth $109,944,000 after buying an additional 140,439 shares during the last quarter. Finally, Davidson Kempner Capital Management LP acquired a new stake in Texas Roadhouse in the second quarter worth $21,462,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Donna E. Epps sold 610 shares of the company’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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $202.26, for a total value of $303,390.00. Following the completion of the transaction, the chief technology officer now owns 16,342 shares in the company, valued at $3,305,332.92. The trade was 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.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Morgan Stanley upped their price target on shares of Texas Roadhouse from $200.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. BMO Capital Markets boosted their price target on Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Evercore ISI increased their price objective on shares of Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. dropped their price target on shares of Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating on the stock in a research report on Monday, July 29th. Finally, Truist Financial increased their price objective on Texas Roadhouse from $202.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Twelve analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Texas Roadhouse currently has a consensus rating of “Hold” and an average target price of $189.00.

Texas Roadhouse Stock Up 3.7 %

TXRH stock opened at $202.12 on Tuesday. The company has a market capitalization of $13.48 billion, a price-to-earnings ratio of 34.73, a P/E/G ratio of 1.66 and a beta of 0.98. The firm has a 50 day moving average of $184.27 and a two-hundred day moving average of $174.14. Texas Roadhouse, Inc. has a 12 month low of $110.88 and a 12 month high of $203.32.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (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 business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. On average, research analysts expect that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.44 annualized dividend and a yield of 1.21%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 41.92%.

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.