Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Bought by Headlands Technologies LLC

Headlands Technologies LLC increased its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 377.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,086 shares of the restaurant operator's stock after purchasing an additional 10,345 shares during the quarter. Headlands Technologies LLC's holdings in Texas Roadhouse were worth $2,361,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. FMR LLC grew its position in shares of Texas Roadhouse by 81.6% during the third quarter. FMR LLC now owns 898,522 shares of the restaurant operator's stock worth $158,679,000 after buying an additional 403,720 shares in the last quarter. D.A. Davidson & CO. grew its holdings in Texas Roadhouse by 3.0% during the 3rd quarter. D.A. Davidson & CO. now owns 5,129 shares of the restaurant operator's stock worth $906,000 after acquiring an additional 149 shares in the last quarter. Quantbot Technologies LP increased its position in shares of Texas Roadhouse by 120.9% in the 3rd quarter. Quantbot Technologies LP now owns 5,403 shares of the restaurant operator's stock valued at $954,000 after purchasing an additional 2,957 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Texas Roadhouse by 12.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 51,181 shares of the restaurant operator's stock valued at $9,039,000 after purchasing an additional 5,660 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its position in shares of Texas Roadhouse by 22.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 2,048 shares of the restaurant operator's stock worth $362,000 after purchasing an additional 375 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

Texas Roadhouse Stock Performance

TXRH traded down $7.19 during trading on Friday, hitting $159.86. The stock had a trading volume of 1,929,890 shares, compared to its average volume of 851,029. The firm has a market capitalization of $10.62 billion, a P/E ratio of 24.71, a PEG ratio of 1.23 and a beta of 1.00. Texas Roadhouse, Inc. has a twelve month low of $146.75 and a twelve month high of $206.04. The company's 50-day moving average price is $175.08 and its 200 day moving average price is $181.77.

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

Texas Roadhouse Increases Dividend

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

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, President Regina A. Tobin sold 3,154 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total value of $585,508.56. Following the completion of the sale, the president now owns 18,414 shares of the company's stock, valued at approximately $3,418,374.96. This trade represents a 14.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Curtis Warfield sold 4,190 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $178.80, for a total transaction of $749,172.00. Following the transaction, the director now directly owns 10,082 shares in the company, valued at approximately $1,802,661.60. This trade represents a 29.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,905 shares of company stock worth $3,198,367 over the last three months. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TXRH shares. Barclays dropped their target price on Texas Roadhouse from $194.00 to $178.00 and set an "equal weight" rating on the stock in a report on Friday, February 21st. Morgan Stanley raised Texas Roadhouse from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $205.00 to $213.00 in a research report on Tuesday, January 21st. Royal Bank of Canada lowered their price target on Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a report on Friday, February 21st. JPMorgan Chase & Co. dropped their price target on shares of Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Finally, Stifel Nicolaus reduced their price objective on shares of Texas Roadhouse from $185.00 to $172.00 and set a "hold" rating for the company in a research report on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $193.36.

Texas Roadhouse 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.