101,094 Shares in Texas Roadhouse, Inc. (NASDAQ:TXRH) Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA bought a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 101,094 shares of the restaurant operator’s stock, valued at approximately $17,853,000. Massachusetts Financial Services Co. MA owned about 0.15% of Texas Roadhouse at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Geneva Capital Management LLC increased its stake in shares of Texas Roadhouse by 0.4% in the 3rd quarter. Geneva Capital Management LLC now owns 922,405 shares of the restaurant operator’s stock worth $162,897,000 after purchasing an additional 3,584 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Texas Roadhouse by 22.3% in the second quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock worth $156,230,000 after buying an additional 165,738 shares during the period. Marshall Wace LLP lifted its position 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 buying an additional 430,814 shares in the last quarter. Bank of New York Mellon Corp grew its stake 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 valued at $127,859,000 after acquiring an additional 2,578 shares during the period. Finally, Jennison Associates LLC increased its holdings in Texas Roadhouse by 29.1% in the 3rd 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 in the last quarter. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $202.12 on Tuesday. The company has a market cap of $13.48 billion, a PE ratio of 34.73, a price-to-earnings-growth ratio of 1.66 and a beta of 0.98. Texas Roadhouse, Inc. has a 1 year low of $110.88 and a 1 year high of $203.32. The stock’s 50 day simple moving average is $184.27 and its two-hundred day simple moving average is $174.14.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The business’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.95 EPS. Equities research analysts expect that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TXRH shares. Citigroup lifted their price target on shares of Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Royal Bank of Canada lifted their target price on shares of Texas Roadhouse from $175.00 to $185.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Stephens increased their price target on Texas Roadhouse from $170.00 to $176.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Loop Capital lowered their price objective on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Finally, Bank of America increased their target price on Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $189.00.

Insider Buying and Selling

In other news, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction 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 sale, the director now directly owns 3,532 shares in the company, valued at approximately $691,071.12. This trade represents a 14.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Hernan E. Mujica sold 1,500 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $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. 0.50% of the stock is owned by corporate insiders.

About Texas Roadhouse

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.