Headlands Technologies LLC Makes New $4.06 Million Investment in Texas Roadhouse, Inc. $TXRH

Headlands Technologies LLC acquired a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 21,021 shares of the restaurant operator's stock, valued at approximately $4,062,000.

Several other hedge funds also recently modified their holdings of TXRH. Elyxium Wealth LLC acquired a new stake in Texas Roadhouse in the fourth quarter worth $25,000. Basecamp Wealth Advisors LLC increased its stake in Texas Roadhouse by 5,033.3% in the first quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator's stock valued at $25,000 after purchasing an additional 151 shares in the last quarter. Silvant Capital Management LLC acquired a new position in shares of Texas Roadhouse during the second quarter valued at about $32,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Texas Roadhouse during the third quarter valued at about $33,000. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in shares of Texas Roadhouse in the 4th quarter valued at about $34,000. Institutional investors own 94.82% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on TXRH. Wall Street Zen raised Texas Roadhouse from a "sell" rating to a "hold" rating in a research report on Sunday, May 10th. Stephens increased their price target on Texas Roadhouse from $180.00 to $205.00 and gave the stock an "equal weight" rating in a report on Friday, August 7th. Citigroup raised their price objective on Texas Roadhouse from $193.00 to $209.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Morgan Stanley restated an "overweight" rating and set a $212.00 price objective on shares of Texas Roadhouse in a report on Friday, August 7th. Finally, Guggenheim reaffirmed a "buy" rating and set a $210.00 target price on shares of Texas Roadhouse in a research report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, Texas Roadhouse presently has an average rating of "Moderate Buy" and a consensus target price of $208.48.

Insider Activity at Texas Roadhouse

In related news, Director Hugh J. Carroll sold 650 shares of Texas Roadhouse stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $203.99, for a total value of $132,593.50. Following the completion of the sale, the director owned 2,883 shares of the company's stock, valued at approximately $588,103.17. This trade represents a 18.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Gregory N. Moore sold 3,000 shares of Texas Roadhouse stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $208.32, for a total transaction of $624,960.00. Following the completion of the transaction, the director owned 26,900 shares of the company's stock, valued at $5,603,808. The trade was a 10.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 20,396 shares of company stock valued at $4,143,825 over the last 90 days. Corporate insiders own 0.50% of the company's stock.

Texas Roadhouse Stock Performance

TXRH opened at $198.99 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.39. Texas Roadhouse, Inc. has a fifty-two week low of $153.82 and a fifty-two week high of $216.30. The firm has a market capitalization of $13.06 billion, a PE ratio of 31.84, a P/E/G ratio of 1.97 and a beta of 0.79. The company's 50-day moving average is $198.20 and its 200 day moving average is $180.71.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.02. The business had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.67 billion. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The firm's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.86 EPS. As a group, research analysts predict that Texas Roadhouse, Inc. will post 6.63 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 1st. Texas Roadhouse's dividend payout ratio (DPR) is currently 48.00%.

Texas Roadhouse Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source