Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Bought by Empowered Funds LLC

Empowered Funds LLC raised its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 13.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 111,412 shares of the restaurant operator's stock after purchasing an additional 12,821 shares during the period. Empowered Funds LLC owned about 0.17% of Texas Roadhouse worth $20,102,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. State Street Corp raised its position in shares of Texas Roadhouse by 2.0% in the 3rd quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator's stock valued at $350,171,000 after purchasing an additional 38,723 shares in the last quarter. Geode Capital Management LLC boosted its position in Texas Roadhouse by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,201,641 shares of the restaurant operator's stock valued at $212,261,000 after purchasing an additional 18,126 shares during the period. Barclays PLC raised its stake in Texas Roadhouse by 14.4% during the 3rd quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator's stock valued at $208,539,000 after acquiring an additional 148,462 shares in the last quarter. Geneva Capital Management LLC raised its stake in Texas Roadhouse by 0.4% during the 3rd quarter. Geneva Capital Management LLC now owns 922,405 shares of the restaurant operator's stock valued at $162,897,000 after acquiring an additional 3,584 shares in the last quarter. Finally, FMR LLC raised its stake in Texas Roadhouse by 81.6% during the 3rd quarter. FMR LLC now owns 898,522 shares of the restaurant operator's stock valued at $158,679,000 after acquiring an additional 403,720 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Insider Activity at Texas Roadhouse

In related news, CTO Hernan E. Mujica sold 1,500 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the transaction, the chief technology officer now owns 16,342 shares in the company, valued at $3,305,332.92. This represents a 8.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher C. Colson sold 1,370 shares of the company's stock in a transaction that occurred 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 sale, the insider now directly owns 10,000 shares of the company's stock, valued at approximately $1,794,600. This represents a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

Texas Roadhouse Price Performance

Texas Roadhouse stock traded down $2.25 during mid-day trading on Wednesday, hitting $168.52. The company's stock had a trading volume of 1,133,338 shares, compared to its average volume of 942,173. The business has a 50 day moving average price of $182.66 and a 200-day moving average price of $180.12. Texas Roadhouse, Inc. has a 12 month low of $130.15 and a 12 month high of $206.04. The stock has a market cap of $11.24 billion, a price-to-earnings ratio of 28.96, a price-to-earnings-growth ratio of 1.28 and a beta of 1.02.

Analysts Set New Price Targets

TXRH has been the topic of a number of research reports. Morgan Stanley raised Texas Roadhouse from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $205.00 to $213.00 in a research note on Tuesday, January 21st. Robert W. Baird lifted their price target on Texas Roadhouse from $190.00 to $205.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Barclays boosted their target price on Texas Roadhouse from $160.00 to $175.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Wedbush restated an "outperform" rating and issued a $200.00 target price on shares of Texas Roadhouse in a research note on Thursday, December 19th. Finally, Bank of America boosted their price target on Texas Roadhouse from $206.00 to $234.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Thirteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $191.26.

Texas Roadhouse Company 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.