Headlands Technologies LLC Acquires 10,345 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Headlands Technologies LLC increased its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 377.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,086 shares of the restaurant operator's stock after purchasing an additional 10,345 shares during the period. Headlands Technologies LLC's holdings in Texas Roadhouse were worth $2,361,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TXRH. Hantz Financial Services Inc. boosted its stake in shares of Texas Roadhouse by 8,594.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator's stock worth $553,000 after acquiring an additional 3,094 shares in the last quarter. Zions Bancorporation N.A. grew its holdings in Texas Roadhouse by 19.5% during the fourth quarter. Zions Bancorporation N.A. now owns 13,152 shares of the restaurant operator's stock valued at $2,373,000 after purchasing an additional 2,144 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Texas Roadhouse during the 4th quarter worth $2,959,000. Chase Investment Counsel Corp bought a new stake in shares of Texas Roadhouse during the 4th quarter worth $316,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Texas Roadhouse during the 4th quarter worth $55,177,000. 94.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TXRH. Gordon Haskett cut shares of Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 price target for the company. in a report on Wednesday, January 8th. Morgan Stanley upgraded Texas Roadhouse from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $205.00 to $213.00 in a research note on Tuesday, January 21st. JPMorgan Chase & Co. dropped their price target on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Citigroup increased their price objective on Texas Roadhouse from $212.00 to $213.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, Barclays dropped their target price on shares of Texas Roadhouse from $194.00 to $178.00 and set an "equal weight" rating on the stock in a research report on Friday, February 21st. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Texas Roadhouse has a consensus rating of "Moderate Buy" and an average price target of $193.36.

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Texas Roadhouse Stock Down 4.3 %

NASDAQ:TXRH traded down $7.19 on Friday, reaching $159.86. The stock had a trading volume of 1,929,890 shares, compared to its average volume of 850,917. The company has a market capitalization of $10.62 billion, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. The stock has a fifty day moving average price of $175.08 and a 200-day moving average price of $181.66. Texas Roadhouse, Inc. has a 1-year low of $146.75 and a 1-year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, topping the consensus estimate of $1.66 by $0.07. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. Sell-side analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Tuesday, March 18th. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's dividend payout ratio is presently 42.04%.

Insider Activity

In other news, Director Curtis Warfield sold 4,190 shares of Texas Roadhouse stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $178.80, for a total value of $749,172.00. Following the completion of the sale, the director now directly owns 10,082 shares of the company's stock, valued at approximately $1,802,661.60. This trade represents a 29.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher C. Colson sold 1,370 shares of the company's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $179.46, for a total value of $245,860.20. Following the transaction, the insider now directly owns 10,000 shares in the company, valued at $1,794,600. This trade represents a 12.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,905 shares of company stock worth $3,198,367. 0.50% of the stock is owned by corporate insiders.

Texas Roadhouse Company 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.