Maverick Capital Ltd. Purchases New Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Maverick Capital Ltd. bought a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,029 shares of the restaurant operator’s stock, valued at approximately $2,066,000.

A number of other large investors have also added to or reduced their stakes in TXRH. Corient Private Wealth LLC acquired a new position in Texas Roadhouse in the fourth quarter valued at approximately $873,000. US Bancorp DE raised its holdings in shares of Texas Roadhouse by 5.8% in the 4th quarter. US Bancorp DE now owns 11,369 shares of the restaurant operator’s stock worth $1,390,000 after acquiring an additional 620 shares during the last quarter. Allianz Asset Management GmbH lifted its position in Texas Roadhouse by 416.6% in the 4th quarter. Allianz Asset Management GmbH now owns 45,573 shares of the restaurant operator’s stock valued at $5,570,000 after acquiring an additional 36,751 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in Texas Roadhouse by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 29,650 shares of the restaurant operator’s stock worth $3,624,000 after purchasing an additional 290 shares in the last quarter. Finally, TFO Wealth Partners LLC raised its stake in shares of Texas Roadhouse by 186,000.0% in the fourth quarter. TFO Wealth Partners LLC now owns 3,722 shares of the restaurant operator’s stock worth $455,000 after purchasing an additional 3,720 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on TXRH. JPMorgan Chase & Co. dropped their target price 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. Wells Fargo & Company boosted their price objective on Texas Roadhouse from $165.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Guggenheim raised their target price on Texas Roadhouse from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday. Wedbush reissued an “outperform” rating and issued a $190.00 price target on shares of Texas Roadhouse in a report on Tuesday. Finally, Royal Bank of Canada lifted their price objective on shares of Texas Roadhouse from $165.00 to $175.00 and gave the stock a “sector perform” rating in a research report on Friday, June 7th. Thirteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $172.95.

Texas Roadhouse Stock Up 0.7 %

Texas Roadhouse stock opened at $178.33 on Friday. The firm has a fifty day simple moving average of $168.10 and a two-hundred day simple moving average of $164.38. Texas Roadhouse, Inc. has a twelve month low of $91.06 and a twelve month high of $180.69. The company has a market capitalization of $11.89 billion, a PE ratio of 36.10, a P/E/G ratio of 1.59 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.15. Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the business earned $1.22 earnings per share. The business’s revenue was up 14.5% on a year-over-year basis. As a group, equities analysts expect that Texas Roadhouse, Inc. will post 6.32 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Wednesday, September 4th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.37%. Texas Roadhouse’s dividend payout ratio is presently 49.39%.

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.