Headlands Technologies LLC Acquires Shares of 1,002 Texas Roadhouse, Inc. (NASDAQ:TXRH)

Headlands Technologies LLC bought a new position in Texas Roadhouse, Inc. (NASDAQ:TXRHFree Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,002 shares of the restaurant operator’s stock, valued at approximately $96,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TXRH. Neo Ivy Capital Management bought a new stake in Texas Roadhouse during the 2nd quarter worth about $32,000. Quarry LP lifted its position in Texas Roadhouse by 100.6% during the 2nd quarter. Quarry LP now owns 364 shares of the restaurant operator’s stock worth $41,000 after buying an additional 60,364 shares in the last quarter. Coppell Advisory Solutions Corp. bought a new stake in Texas Roadhouse during the 4th quarter worth about $44,000. Fifth Third Bancorp lifted its position in Texas Roadhouse by 35.8% during the 3rd quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator’s stock worth $46,000 after buying an additional 125 shares in the last quarter. Finally, Belpointe Asset Management LLC lifted its position in Texas Roadhouse by 71.9% during the 1st quarter. Belpointe Asset Management LLC now owns 459 shares of the restaurant operator’s stock worth $50,000 after buying an additional 192 shares in the last quarter. 97.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Piper Sandler reaffirmed a “neutral” rating and issued a $110.00 target price on shares of Texas Roadhouse in a report on Friday, December 1st. JPMorgan Chase & Co. raised shares of Texas Roadhouse from an “underweight” rating to a “neutral” rating and set a $120.00 target price on the stock in a report on Tuesday, January 23rd. Barclays dropped their target price on shares of Texas Roadhouse from $108.00 to $99.00 and set an “equal weight” rating on the stock in a report on Monday, October 23rd. Morgan Stanley upped their target price on shares of Texas Roadhouse from $106.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, October 27th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Texas Roadhouse in a report on Thursday, October 19th. They issued a “buy” rating and a $111.00 target price on the stock. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $119.80.

Get Our Latest Report on TXRH

Texas Roadhouse Stock Down 0.6 %

Shares of NASDAQ:TXRH opened at $134.73 on Monday. The company’s 50 day moving average price is $120.97 and its two-hundred day moving average price is $109.40. Texas Roadhouse, Inc. has a 12-month low of $91.06 and a 12-month high of $136.02. The firm has a market cap of $9.00 billion, a PE ratio of 31.04, a PEG ratio of 1.58 and a beta of 0.96.

Insider Buying and Selling

In related news, CEO Gerald L. Morgan sold 5,000 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $115.26, for a total transaction of $576,300.00. Following the sale, the chief executive officer now owns 84,824 shares in the company, valued at approximately $9,776,814.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Christopher C. Colson sold 2,011 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $119.19, for a total transaction of $239,691.09. Following the sale, the insider now owns 6,500 shares in the company, valued at approximately $774,735. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gerald L. Morgan sold 5,000 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $115.26, for a total transaction of $576,300.00. Following the sale, the chief executive officer now owns 84,824 shares in the company, valued at approximately $9,776,814.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,011 shares of company stock worth $1,969,991. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Profile

(Free Report)

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company 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.

Recommended Stories

Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

Receive News & Ratings for Texas Roadhouse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Roadhouse and related companies with MarketBeat.com's FREE daily email newsletter.