Y-Intercept (Hong Kong) 13F: New $16M Stake in TXRH

Y-Intercept (Hong Kong) disclosed a new position in Texas Roadhouse, Inc. (NasdaqGS: TXRH) in a filing on October 16, 2026. The firm took 100,952 shares, valued at approximately $15.78 million, marking its first stake in the company.

What Changed in Y-Intercept's Texas Roadhouse Position

Y-Intercept (Hong Kong) opened a new position in Texas Roadhouse, acquiring 100,952 shares. This represents a new buy for the fund, with no prior shares reported.

Other Institutional Activity in Texas Roadhouse

Several other institutional investors updated their positions in Texas Roadhouse recently. Blackrock Inc. reduced its stake by 140,648 shares, leaving it with 6,588,899 shares worth about $1.11 billion. Capital World Investors trimmed its holdings by 42,944 shares, ending with 4,339,069 shares valued at around $730.7 million. AQR Capital Management, LLC added 465,858 shares, now holding 4,082,764 shares worth approximately $687.5 million. Alliancebernstein L.P. increased its stake by 196,909 shares, totaling 3,230,940 shares valued at about $544.1 million. Vanguard Portfolio Management LLC decreased its position by 25,016 shares, holding 3,063,389 shares worth roughly $515.9 million.

Texas Roadhouse, Inc. Stock Down 2.1%

Texas Roadhouse shares recently traded around $167.32, which is about 8% below the 50-day moving average of $181.93 and 6.6% below the 200-day average of $179.23. The stock is also approximately 22.6% off its 52-week high of $216.30 but sits 8.8% above its 52-week low of $153.83.

Recent Earnings

For its trailing twelve months, Texas Roadhouse reported revenue of approximately $6.23 billion and earnings per share of $6.25. The company is set to announce its next earnings on November 5, 2026. Revenue grew by 11.1% year-over-year, while the net margin stood at 6.6% and return on equity was at 27.7%.

Dividend

Texas Roadhouse pays an annual dividend rate of $3.00, which translates to a yield of 1.75%. The dividend payout ratio is 45.8%.

Insider Buying and Selling at Texas Roadhouse, Inc.

Recently, there were several insider transactions. On August 17, 2026, Officer Keith Humpich sold 819 shares at an average price of $204.11, totaling $167,166. CEO Gerald L. Morgan sold 15,000 shares on August 21, 2026, for $3,032,550. On August 25 and 26, Director Hugh J Carroll and Officer Lloyd Paul Marshall sold 650 and 500 shares, respectively, for values of $132,594 and $102,325.

Analysts Set New Price Targets

Analysts have recently updated their price targets for Texas Roadhouse. On October 6, 2026, StoneX upgraded the stock to a 'Buy' rating with a target of $200. Jefferies followed suit on October 14, 2026, also upgrading to 'Buy' with a new target of $190, up from $186. Morgan Stanley maintained its 'Overweight' rating on October 15, 2026, raising its target to $221 from $212. On the same day, Stephens & Co. upgraded Texas Roadhouse to 'Overweight' with a target of $205. TD Cowen maintained a 'Buy' rating with a target of $195 on October 16, 2026.

About Texas Roadhouse

Texas Roadhouse, Inc. operates casual dining restaurants in the United States and internationally. Known for its steaks, ribs, and variety of other dishes, the company runs brands like Texas Roadhouse and Bubba's 33. The recent investment by Y-Intercept highlights increasing interest in the casual dining sector as the company continues to grow.

Bottom Line

Investors should watch for Texas Roadhouse's next earnings announcement on November 5, 2026. As a reminder, this filing reflects the fund's holdings as of the reporting period and may not represent its current position.