Jennison Associates LLC Has $109.94 Million Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Jennison Associates LLC boosted its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 29.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 622,561 shares of the restaurant operator’s stock after buying an additional 140,439 shares during the period. Jennison Associates LLC owned approximately 0.93% of Texas Roadhouse worth $109,944,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. LRI Investments LLC purchased a new stake in Texas Roadhouse in the 1st quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Texas Roadhouse during the second quarter valued at $25,000. Hollencrest Capital Management acquired a new stake in Texas Roadhouse during the second quarter valued at $25,000. McClarren Financial Advisors Inc. increased its position in Texas Roadhouse by 4,175.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 167 shares during the last quarter. Finally, PSI Advisors LLC raised its stake in shares of Texas Roadhouse by 70.8% during the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 75 shares in the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CTO Hernan E. Mujica sold 1,500 shares of the company’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 sale, the chief technology officer now owns 16,342 shares of the company’s stock, valued at approximately $3,305,332.92. This represents a 8.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 sale, the director now owns 3,532 shares of the company’s stock, valued at $691,071.12. This trade represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on TXRH. Royal Bank of Canada boosted their price target on Texas Roadhouse from $175.00 to $185.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Bank of America increased their price target on shares of Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Citigroup upped their price objective on shares of Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. BMO Capital Markets raised their target price on Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Finally, UBS Group boosted their price target on Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Twelve equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $189.00.

Texas Roadhouse Trading Down 0.1 %

Shares of TXRH stock opened at $193.41 on Thursday. The company has a market capitalization of $12.90 billion, a P/E ratio of 33.23, a P/E/G ratio of 1.65 and a beta of 0.98. Texas Roadhouse, Inc. has a 12 month low of $109.86 and a 12 month high of $203.32. The stock has a 50 day moving average of $181.64 and a two-hundred day moving average of $173.31.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the business earned $0.95 earnings per share. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. Sell-side analysts predict that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business 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 dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse’s payout ratio is 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.