Healthcare of Ontario Pension Plan Trust Fund Acquires New Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 9,299 shares of the restaurant operator’s stock, valued at approximately $1,642,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Geneva Capital Management LLC raised its holdings in shares of Texas Roadhouse by 0.4% during the third quarter. Geneva Capital Management LLC now owns 922,405 shares of the restaurant operator’s stock worth $162,897,000 after acquiring an additional 3,584 shares during the period. AQR Capital Management LLC raised its stake in shares of 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 purchasing an additional 165,738 shares during the period. FMR LLC lifted its holdings in shares of Texas Roadhouse by 81.6% in the third 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. Marshall Wace LLP lifted its holdings in shares of 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 purchasing an additional 430,814 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Texas Roadhouse by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 744,624 shares of the restaurant operator’s stock worth $127,859,000 after buying an additional 2,578 shares during the period. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Trading Up 0.9 %

Texas Roadhouse stock opened at $205.27 on Monday. The company has a market capitalization of $13.69 billion, a price-to-earnings ratio of 35.27, a PEG ratio of 1.75 and a beta of 0.98. The stock’s 50 day moving average is $187.19 and its 200-day moving average is $175.18. Texas Roadhouse, Inc. has a 12 month low of $110.88 and a 12 month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data 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 firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 EPS. As a group, equities research analysts predict that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio is currently 41.92%.

Analyst Ratings Changes

TXRH has been the topic of several research reports. Truist Financial boosted their target price on Texas Roadhouse from $202.00 to $207.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Morgan Stanley boosted their price objective 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 raised their target price on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. Wedbush boosted their price target on shares of Texas Roadhouse from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Barclays raised their price objective on Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a report 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. According to MarketBeat, Texas Roadhouse has a consensus rating of “Hold” and a consensus target price of $189.00.

Insiders Place Their Bets

In other news, Director Donna E. Epps sold 610 shares of the company’s 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 represents a 14.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of the firm’s stock in a transaction 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 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 position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

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.