Cinctive Capital Buys $18.9M Stake in Texas Roadhouse

Institutional investor takes 113,840-share position in restaurant chain

Mar. 15, 2026 at 10:00am

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Cinctive Capital Management LP, an institutional investor, acquired a new stake of 113,840 shares in Texas Roadhouse, Inc. (NASDAQ:TXRH) during the third quarter, according to a recent SEC filing. The stake is valued at approximately $18.9 million, making Texas Roadhouse the 20th largest position in Cinctive Capital's portfolio.

Why it matters

Texas Roadhouse is a popular casual dining restaurant chain known for its hand-cut steaks, ribs, and Western-themed atmosphere. This significant investment by Cinctive Capital suggests the institutional investor sees strong growth potential in the company, which could signal positive momentum for the stock.

The details

According to the filing, Cinctive Capital Management LP acquired the 113,840 shares of Texas Roadhouse, representing about 0.17% of the company's outstanding stock. The purchase was made during the third quarter of the year. Texas Roadhouse comprises approximately 0.9% of Cinctive Capital's total investment portfolio.

  • Cinctive Capital Management LP acquired the shares during the third quarter of 2026.

The players

Cinctive Capital Management LP

An institutional investor that acquired a new stake of 113,840 shares in Texas Roadhouse, Inc.

Texas Roadhouse, Inc.

A casual dining restaurant chain known for its hand-cut steaks, ribs, and Western-themed atmosphere.

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The takeaway

This investment by Cinctive Capital Management suggests the institutional investor sees strong growth potential in Texas Roadhouse, which could signal positive momentum for the restaurant chain's stock going forward.