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

Jennison Associates LLC boosted its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 29.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 622,561 shares of the restaurant operator’s stock after buying an additional 140,439 shares during the quarter. Jennison Associates LLC’s holdings in Texas Roadhouse were worth $109,944,000 at the end of the most recent quarter.

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

Insider Activity at Texas Roadhouse

In related 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 transaction of $303,390.00. Following the completion of the sale, the chief technology officer now owns 16,342 shares of the company’s stock, valued at $3,305,332.92. This represents a 8.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the completion of the transaction, the director now directly owns 3,532 shares in the company, valued at $691,071.12. This trade represents a 14.73 % 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 corporate insiders.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH opened at $193.41 on Thursday. Texas Roadhouse, Inc. has a 52 week low of $109.86 and a 52 week high of $203.32. The stock has a market capitalization of $12.90 billion, a PE ratio of 33.23, a price-to-earnings-growth ratio of 1.65 and a beta of 0.98. The stock has a 50 day moving average price of $181.64 and a 200 day moving average price of $173.31.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 EPS 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 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 EPS. The business’s revenue was up 13.5% on a year-over-year basis. As a group, research analysts forecast that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a $0.61 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $2.44 annualized dividend and a yield of 1.26%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.92%.

Wall Street Analyst Weigh In

TXRH has been the topic of a number of recent analyst reports. Royal Bank of Canada raised their target price on Texas Roadhouse from $175.00 to $185.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. Stephens boosted their price objective on shares of Texas Roadhouse from $170.00 to $176.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. Evercore ISI lifted their price target on shares of Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Robert W. Baird upped their price objective on shares of Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company lifted their target price on Texas Roadhouse from $165.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $189.00.

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.