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

Headlands Technologies LLC boosted 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 institutional investor owned 13,086 shares of the restaurant operator’s stock after acquiring 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 reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Texas Roadhouse during the 4th quarter worth about $30,000. True Wealth Design LLC acquired a new position in Texas Roadhouse during the third quarter worth approximately $30,000. SBI Securities Co. Ltd. bought a new stake in Texas Roadhouse in the fourth quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB raised its stake in Texas Roadhouse by 32.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock valued at $48,000 after buying an additional 65 shares during the period. Finally, VisionPoint Advisory Group LLC acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at approximately $64,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insider Activity

In other news, insider Christopher C. Colson sold 1,370 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the transaction, the insider now owns 10,000 shares of the company’s stock, valued at approximately $1,794,600. This trade represents a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Curtis Warfield sold 3,281 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $183.67, for a total transaction of $602,621.27. Following the completion of the sale, the director now directly owns 6,801 shares in the company, valued at approximately $1,249,139.67. This represents a 32.54 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,905 shares of company stock valued at $3,198,367. 0.50% of the stock is currently owned by corporate insiders.

Texas Roadhouse Price Performance

TXRH stock opened at $166.63 on Tuesday. The stock has a market cap of $11.07 billion, a price-to-earnings ratio of 25.75, a P/E/G ratio of 1.23 and a beta of 1.00. The company has a 50 day simple moving average of $176.11 and a 200 day simple moving average of $181.81. Texas Roadhouse, Inc. has a 1 year low of $146.75 and a 1 year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share 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 firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. On average, equities research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal 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 given a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a yield of 1.63%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 42.04%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Truist Financial decreased their target price on Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a 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 on the stock in a research report on Thursday, February 27th. Stephens cut their target price on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, February 21st. Royal Bank of Canada decreased their price target on shares of Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating on the stock in a research note on Friday, February 21st. Finally, Stifel Nicolaus cut 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 analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $193.36.

About Texas Roadhouse

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.