Investment firm Junto Capital Management LP acquired 242,527 shares of Texas Roadhouse Inc. (NASDAQ: TXRH), valued at about $40.3 million, according to a recent SEC filing. This stake represents approximately 0.36% ownership.
Institutional investors continue to hold a large share of the company, accounting for about 94.82% of Texas Roadhouse stock.
Insider Activity and Stock Performance
Recent filings reveal insider sales, including CTO Hernan E. Mujica’s sale of 5,000 shares at an average price of $170, totaling approximately $850,000, and Director Gregory N. Moore’s sale of 1,700 shares at about $171.59 each.
In total, insiders sold 17,550 shares valued at approximately $3.2 million in the latest quarter.
Texas Roadhouse stock recently traded near $170 per share, with a market capitalization of about $11.26 billion.
Earnings and Dividend Update
The chain reported quarterly earnings of $1.28 per share, below analysts’ $1.53 estimate. Revenue was $1.48 billion, slightly under the $1.50 billion forecast.
Despite the earnings miss, the company raised its quarterly dividend to $0.75 per share from $0.68, resulting in an annualized dividend of $3.00 per share and a yield near 1.8%.
Analyst Outlook
Wall Street analysts currently maintain a “Moderate Buy” consensus rating for Texas Roadhouse, with an average price target of $196.55.
Founded in 1993, Texas Roadhouse operates a nationwide casual dining chain known for its hand-cut steaks, ribs, and Western-themed restaurant experience.