GHP Investment Advisors Inc. lowered its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,531 shares of the restaurant operator's stock after selling 1,424 shares during the period. GHP Investment Advisors Inc. owned 0.07% of Texas Roadhouse worth $8,576,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake in Texas Roadhouse by 41.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 684 shares of the restaurant operator's stock worth $117,000 after purchasing an additional 199 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Texas Roadhouse by 125.1% in the second quarter. Cetera Investment Advisers now owns 6,392 shares of the restaurant operator's stock worth $1,098,000 after buying an additional 3,553 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Texas Roadhouse in the second quarter valued at approximately $953,000. GAMMA Investing LLC grew its stake in Texas Roadhouse by 14.2% during the third quarter. GAMMA Investing LLC now owns 1,198 shares of the restaurant operator's stock valued at $212,000 after acquiring an additional 149 shares in the last quarter. Finally, Kesler Norman & Wride LLC bought a new stake in Texas Roadhouse during the 3rd quarter worth approximately $514,000. 94.82% of the stock is owned by institutional investors.
Texas Roadhouse Stock Down 1.3 %
Shares of Texas Roadhouse stock traded down $2.22 on Monday, hitting $173.74. The stock had a trading volume of 1,052,816 shares, compared to its average volume of 903,568. The stock's 50-day simple moving average is $183.66 and its two-hundred day simple moving average is $180.06. Texas Roadhouse, Inc. has a one year low of $130.15 and a one year high of $206.04. The stock has a market cap of $11.59 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 1.28 and a beta of 1.02.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on TXRH. Gordon Haskett lowered shares of Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 price target for the company. in a research report on Wednesday, January 8th. Truist Financial boosted their target price on Texas Roadhouse from $207.00 to $209.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Wedbush reaffirmed an "outperform" rating and issued a $200.00 price target on shares of Texas Roadhouse in a report on Thursday, December 19th. UBS Group boosted their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group began coverage on shares of Texas Roadhouse in a research note on Thursday, December 5th. They issued a "neutral" rating and a $213.00 target price on the stock. Thirteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $191.26.
Get Our Latest Report on TXRH
Insiders Place Their Bets
In related news, 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 transaction of $245,860.20. Following the completion of the transaction, the insider now owns 10,000 shares in the company, valued at $1,794,600. This represents a 12.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of the firm's stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total value of $303,390.00. Following the completion of the sale, the chief technology officer now directly owns 16,342 shares of the company's stock, valued at $3,305,332.92. The trade was a 8.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company's stock.
Texas Roadhouse Profile
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Free Report)
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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