Alpha DNA Investment Management LLC Grows Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Alpha DNA Investment Management LLC raised its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 10.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,492 shares of the restaurant operator’s stock after acquiring an additional 596 shares during the period. Alpha DNA Investment Management LLC’s holdings in Texas Roadhouse were worth $1,146,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Geneva Capital Management LLC increased its stake in Texas Roadhouse by 0.4% in the third 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 during the last quarter. AQR Capital Management LLC grew its holdings 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 buying an additional 165,738 shares during the period. Marshall Wace LLP increased its stake 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. Bank of New York Mellon Corp lifted its holdings 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 during the period. Finally, Jennison Associates LLC boosted its position in shares of Texas Roadhouse by 29.1% in the third quarter. Jennison Associates LLC now owns 622,561 shares of the restaurant operator’s stock worth $109,944,000 after acquiring an additional 140,439 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

Shares of Texas Roadhouse stock opened at $194.90 on Friday. Texas Roadhouse, Inc. has a 1-year low of $110.88 and a 1-year high of $203.32. The company has a market capitalization of $13.00 billion, a PE ratio of 33.49, a P/E/G ratio of 1.64 and a beta of 0.98. The business has a 50-day moving average of $183.50 and a 200-day moving average of $173.78.

Texas Roadhouse (NASDAQ:TXRH) last issued 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). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the business earned $0.95 EPS. Texas Roadhouse’s revenue for the quarter was up 13.5% compared to the same quarter last year. On average, equities analysts expect that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently declared 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 is Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.25%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.92%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Truist Financial upped their price target on shares of Texas Roadhouse from $202.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Morgan Stanley increased their target price on Texas Roadhouse from $200.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Stephens boosted their price target on Texas Roadhouse from $170.00 to $176.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Evercore ISI upped their price target on Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Finally, Robert W. Baird lifted their price objective on Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $189.00.

Insider Activity at Texas Roadhouse

In other news, CTO Hernan E. Mujica sold 1,500 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the completion of the sale, the chief technology officer now owns 16,342 shares of the company’s stock, valued at approximately $3,305,332.92. The trade was a 8.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Donna E. Epps sold 610 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the transaction, the director now directly owns 3,532 shares in the company, 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 corporate 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.