Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by abrdn plc

abrdn plc cut its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 199,895 shares of the restaurant operator's stock after selling 12,144 shares during the quarter. abrdn plc owned approximately 0.30% of Texas Roadhouse worth $36,067,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TXRH. True Wealth Design LLC acquired a new stake in shares of Texas Roadhouse in the third quarter valued at approximately $30,000. PSI Advisors LLC raised its position in Texas Roadhouse by 70.8% in the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock valued at $32,000 after purchasing an additional 75 shares during the last quarter. UMB Bank n.a. raised its position in Texas Roadhouse by 118.6% in the 3rd quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator's stock valued at $46,000 after purchasing an additional 140 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Texas Roadhouse by 32.2% during the 4th 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 period. Finally, First Horizon Advisors Inc. grew its position in Texas Roadhouse by 158.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator's stock worth $53,000 after purchasing an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

Insider Activity

In other news, Director Donna E. Epps sold 610 shares of the company's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the sale, the director now owns 3,532 shares of the company's stock, valued at $691,071.12. This represents a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher C. Colson sold 1,370 shares of the company's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $179.46, for a total value 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 represents a 12.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,480 shares of company stock valued at $668,603 in the last three months. Corporate insiders own 0.50% of the company's stock.

Texas Roadhouse Stock Performance

Texas Roadhouse stock traded down $2.49 during midday trading on Friday, reaching $175.96. The stock had a trading volume of 1,188,496 shares, compared to its average volume of 885,523. The stock's 50-day simple moving average is $183.66 and its 200 day simple moving average is $179.90. Texas Roadhouse, Inc. has a twelve month low of $130.15 and a twelve month high of $206.04. The stock has a market capitalization of $11.74 billion, a PE ratio of 30.23, a price-to-earnings-growth ratio of 1.28 and a beta of 1.02.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TXRH shares. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $200.00 target price on shares of Texas Roadhouse in a report on Thursday, January 16th. Evercore ISI upped their price target on Texas Roadhouse from $195.00 to $200.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 15th. Morgan Stanley upgraded shares of Texas Roadhouse from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $205.00 to $213.00 in a research report on Tuesday, January 21st. Barclays boosted their target price on shares of Texas Roadhouse from $160.00 to $175.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Finally, Bank of America raised their price objective on Texas Roadhouse from $206.00 to $234.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Thirteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $191.26.

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.