Headlands Technologies LLC Boosts Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Key Points

• Headlands Technologies LLC increased its stake in Texas Roadhouse, Inc. by 65.7%, owning 21,688 shares worth approximately $3.6 million as of the latest SEC filing.
• Notable interest in Texas Roadhouse continues, as institutional investors own 94.82% of its stock, with multiple firms increasing their holdings recently.
• Wall Street analysts show a generally positive outlook on Texas Roadhouse, with target prices ranging from $170 to $205 and a consensus average rating of "Moderate Buy".

Headlands Technologies LLC lifted its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 65.7% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,688 shares of the restaurant operator's stock after buying an additional 8,602 shares during the period. Headlands Technologies LLC's holdings in Texas Roadhouse were worth $3,614,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TXRH. Ontario Teachers Pension Plan Board boosted its position in Texas Roadhouse by 72.2% in the first quarter. Ontario Teachers Pension Plan Board now owns 16,978 shares of the restaurant operator's stock worth $2,829,000 after purchasing an additional 7,119 shares during the last quarter. MGB Wealth Management LLC boosted its holdings in shares of Texas Roadhouse by 1.2% in the 1st quarter. MGB Wealth Management LLC now owns 8,618 shares of the restaurant operator's stock worth $1,450,000 after buying an additional 100 shares during the last quarter. Renasant Bank purchased a new position in shares of Texas Roadhouse in the 1st quarter worth about $207,000. Westfield Capital Management Co. LP grew its position in Texas Roadhouse by 1.3% during the first quarter. Westfield Capital Management Co. LP now owns 702,048 shares of the restaurant operator's stock valued at $116,982,000 after buying an additional 8,904 shares during the period. Finally, Delta Financial Group Inc. purchased a new stake in Texas Roadhouse during the first quarter worth about $211,000. 94.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. The Goldman Sachs Group boosted their target price on shares of Texas Roadhouse from $184.00 to $205.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Wells Fargo & Company dropped their price objective on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Citigroup raised their target price on Texas Roadhouse from $180.00 to $197.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. Barclays increased their target price on shares of Texas Roadhouse from $175.00 to $189.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Finally, Melius Research raised shares of Texas Roadhouse to a "strong-buy" rating in a research report on Monday, July 14th. Ten investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $196.85.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Donna E. Epps sold 800 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $186.52, for a total value of $149,216.00. Following the completion of the sale, the director directly owned 4,632 shares of the company's stock, valued at $863,960.64. The trade was a 14.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gregory N. Moore sold 1,000 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $187.62, for a total value of $187,620.00. Following the transaction, the director directly owned 38,050 shares in the company, valued at $7,138,941. This trade represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by company insiders.

Texas Roadhouse Trading Up 1.2%

Shares of Texas Roadhouse stock opened at $184.39 on Thursday. The firm has a market capitalization of $12.23 billion, a PE ratio of 28.46, a price-to-earnings-growth ratio of 2.57 and a beta of 0.86. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $206.04. The business's 50-day moving average price is $188.27 and its 200-day moving average price is $179.26.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $1.70 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.05). The business had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.44 billion. Texas Roadhouse had a return on equity of 32.33% and a net margin of 7.89%. The company's revenue was up 11.8% compared to the same quarter last year. During the same period last year, the business posted $1.69 earnings per share. As a group, analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

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.

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