Illinois Municipal Retirement Fund Cuts Position in Texas Roadhouse, Inc. $TXRH

Illinois Municipal Retirement Fund decreased its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 63.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,251 shares of the restaurant operator’s stock after selling 5,578 shares during the period. Illinois Municipal Retirement Fund’s holdings in Texas Roadhouse were worth $540,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased its holdings in Texas Roadhouse by 528.2% in the second quarter. Alliancebernstein L.P. now owns 3,172,738 shares of the restaurant operator’s stock valued at $594,603,000 after buying an additional 2,667,716 shares in the last quarter. Invesco Ltd. raised its holdings in Texas Roadhouse by 17.2% during the second quarter. Invesco Ltd. now owns 2,603,729 shares of the restaurant operator’s stock worth $487,965,000 after purchasing an additional 382,699 shares during the last quarter. AQR Capital Management LLC boosted its position in Texas Roadhouse by 85.7% during the second quarter. AQR Capital Management LLC now owns 2,343,000 shares of the restaurant operator’s stock worth $439,102,000 after purchasing an additional 1,081,413 shares in the last quarter. Geode Capital Management LLC grew its holdings in Texas Roadhouse by 1.5% in the second quarter. Geode Capital Management LLC now owns 1,302,021 shares of the restaurant operator’s stock valued at $244,048,000 after purchasing an additional 19,296 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in Texas Roadhouse by 9.7% in the second quarter. Franklin Resources Inc. now owns 1,011,630 shares of the restaurant operator’s stock valued at $189,590,000 after purchasing an additional 89,632 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Gerald L. Morgan sold 5,000 shares of the stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $196.00, for a total transaction of $980,000.00. Following the transaction, the chief executive officer directly owned 91,774 shares in the company, valued at $17,987,704. This represents a 5.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Hugh J. Carroll sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $167.27, for a total transaction of $167,270.00. Following the completion of the sale, the director owned 1,854 shares of the company’s stock, valued at approximately $310,118.58. The trade was a 35.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 12,400 shares of company stock valued at $2,320,920 in the last 90 days. 0.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Morgan Stanley raised their target price on shares of Texas Roadhouse from $205.00 to $208.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Zacks Research upgraded Texas Roadhouse from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 8th. BTIG Research reiterated a “buy” rating and set a $200.00 target price on shares of Texas Roadhouse in a report on Friday. TD Cowen initiated coverage on Texas Roadhouse in a report on Tuesday, January 20th. They issued a “buy” rating and a $215.00 price target for the company. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Texas Roadhouse in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $196.82.

Texas Roadhouse Stock Performance

TXRH stock opened at $178.82 on Friday. The company has a 50 day moving average price of $180.81 and a two-hundred day moving average price of $173.54. The stock has a market capitalization of $11.83 billion, a P/E ratio of 29.36, a PEG ratio of 2.98 and a beta of 0.88. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25). The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Texas Roadhouse had a return on equity of 28.05% and a net margin of 6.90%.The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.73 EPS. Research analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.68. Texas Roadhouse’s dividend payout ratio is currently 44.66%.

Texas Roadhouse News Roundup

Here are the key news stories impacting Texas Roadhouse this week:

• Positive Sentiment: Company outlook/guide helped calm markets—management’s forward commentary and guidance were framed as constructive, which investors said helped offset the Q4 EPS miss. Investing.com: Outlook offsets earnings miss
• Positive Sentiment: Dividend increase: TXRH raised its quarterly dividend to $0.75 (a ~10.3% raise vs. prior $0.68), boosting yield and shareholder income — a supportive signal for income‑oriented investors. GlobeNewswire: Q4 results & dividend
• Positive Sentiment: Some analysts remain bullish—BTIG reaffirmed a “buy” and a $200 target, signaling upside from some street participants despite the miss. Benzinga: BTIG reaffirms buy
• Positive Sentiment: Stephens raised its price target from $168 to $180 (equal weight), a modest vote of confidence that some firms see value after the quarter. Benzinga: Stephens raises target
• Neutral Sentiment: Explainers and context pieces are circulating that help frame the move—articles examining why TXRH didn’t plunge on a ~25% EPS decline offer context that may limit knee‑jerk selling. Seeking Alpha: Why the stock didn’t drop
• Neutral Sentiment: Analyst/narrative pieces (Zacks/MarketBeat/Yahoo) are re‑pricing the story—investors are parsing same‑store trends, unit growth and DCF upside, producing mixed takes rather than a clear consensus. Zacks: Q4 metrics vs estimates
• Negative Sentiment: Q4 earnings and revenue missed consensus — TXRH reported $1.28 EPS vs. ~$1.53 expected and $1.48B revenue vs. ~$1.50B, a decline from prior year EPS; that shortfall is the primary driver of the intra‑day weakness. MarketBeat: Q4 earnings report
• Negative Sentiment: Margin pressure from higher commodity costs — management flagged rising food/commodity inflation that pulled margins lower, a recurring risk for restaurant operators that can pressure near‑term profitability. Seeking Alpha: Commodity costs hurt margins
• Negative Sentiment: Some analysts trimmed price targets and ratings (Citigroup lowered PT to $184/neutral; Truist trimmed to $186/hold), which can weigh on sentiment even if cuts are modest. Benzinga: Citi and Truist adjustments

Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.