Joho Capital LLC Acquires New Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Joho Capital LLC bought a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,600 shares of the restaurant operator’s stock, valued at approximately $283,000. Texas Roadhouse accounts for 0.0% of Joho Capital LLC’s investment portfolio, making the stock its 12th largest holding.

A number of other large investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Texas Roadhouse in the second quarter valued at approximately $25,000. Hollencrest Capital Management acquired a new stake in Texas Roadhouse in the 2nd quarter valued at $25,000. McClarren Financial Advisors Inc. lifted its position in Texas Roadhouse by 4,175.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after buying an additional 167 shares in the last quarter. PSI Advisors LLC boosted 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 buying an additional 75 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Texas Roadhouse by 118.6% in the 3rd quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 140 shares in the last quarter. Institutional investors own 94.82% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on TXRH. Truist Financial increased their price target on Texas Roadhouse from $202.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Stifel Nicolaus increased their price objective on Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a report on Friday, October 25th. Evercore ISI boosted their target price on shares of Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Robert W. Baird increased their price target on shares of Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Wedbush boosted their price objective on shares of Texas Roadhouse from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note 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’s stock. Based on data from MarketBeat.com, Texas Roadhouse has an average rating of “Hold” and a consensus target price of $189.00.

Insider Buying and Selling

In other news, Director Donna E. Epps sold 610 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by company insiders.

Texas Roadhouse Trading Down 0.7 %

Shares of TXRH stock opened at $203.36 on Friday. The stock has a market cap of $13.57 billion, a P/E ratio of 34.94, a price-to-earnings-growth ratio of 1.73 and a beta of 0.98. Texas Roadhouse, Inc. has a 1 year low of $110.88 and a 1 year high of $205.85. The stock has a 50 day simple moving average of $186.48 and a 200 day simple moving average of $174.81.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results 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 company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the company posted $0.95 earnings per share. The business’s revenue was up 13.5% compared to the same quarter last year. Analysts forecast 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 given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Tuesday, December 10th. Texas Roadhouse’s payout ratio is presently 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.