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

Headlands Technologies LLC grew its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 377.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,086 shares of the restaurant operator’s stock after buying an additional 10,345 shares during the quarter. Headlands Technologies LLC’s holdings in Texas Roadhouse were worth $2,361,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Cornerstone Investment Partners LLC grew its position in Texas Roadhouse by 2.7% during the 4th quarter. Cornerstone Investment Partners LLC now owns 2,159 shares of the restaurant operator’s stock worth $390,000 after acquiring an additional 56 shares during the last quarter. Lifestyle Asset Management Inc. boosted its stake in Texas Roadhouse by 3.9% in the fourth quarter. Lifestyle Asset Management Inc. now owns 1,603 shares of the restaurant operator’s stock worth $289,000 after purchasing an additional 60 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Texas Roadhouse by 32.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 65 shares during the last quarter. Central Pacific Bank Trust Division increased its stake in shares of Texas Roadhouse by 9.1% in the fourth quarter. Central Pacific Bank Trust Division now owns 960 shares of the restaurant operator’s stock valued at $173,000 after buying an additional 80 shares in the last quarter. Finally, Bridge City Capital LLC raised its holdings in shares of Texas Roadhouse by 1.0% in the fourth quarter. Bridge City Capital LLC now owns 9,326 shares of the restaurant operator’s stock valued at $1,683,000 after buying an additional 88 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 580 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $181.94, for a total transaction of $105,525.20. Following the sale, the insider now directly owns 12,000 shares of the company’s stock, valued at $2,183,280. The trade was a 4.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Regina A. Tobin sold 3,154 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total transaction of $585,508.56. Following the transaction, the president now owns 18,414 shares of the company’s stock, valued at approximately $3,418,374.96. This represents a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,905 shares of company stock valued at $3,198,367 over the last three months. Company insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TXRH shares. Barclays lowered their price objective on shares of Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating for the company in a research report on Friday, February 21st. Guggenheim dropped their price objective on shares of Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Stephens decreased their price objective on Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, February 21st. Truist Financial dropped their target price on Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, The Goldman Sachs Group assumed coverage on Texas Roadhouse in a research note on Thursday, December 5th. They set a “neutral” rating and a $213.00 price target on the stock. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $193.36.

Texas Roadhouse Price Performance

NASDAQ TXRH opened at $166.63 on Tuesday. Texas Roadhouse, Inc. has a one year low of $146.75 and a one year high of $206.04. The firm has a market cap of $11.07 billion, a P/E ratio of 25.75, a P/E/G ratio of 1.23 and a beta of 1.00. The stock’s 50-day moving average is $176.11 and its 200-day moving average is $181.81.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. Equities analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s dividend payout ratio is 42.04%.

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.