1,810 Shares in Texas Roadhouse, Inc. (NASDAQ:TXRH) Acquired by Golden State Wealth Management LLC

Golden State Wealth Management LLC bought a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,810 shares of the restaurant operator's stock, valued at approximately $327,000.

Other large investors have also bought and sold shares of the company. FMR LLC raised its stake in shares of Texas Roadhouse by 81.6% during the 3rd quarter. FMR LLC now owns 898,522 shares of the restaurant operator's stock worth $158,679,000 after purchasing an additional 403,720 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Texas Roadhouse by 76.0% in the 3rd quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator's stock valued at $157,375,000 after acquiring an additional 385,998 shares in the last quarter. Erste Asset Management GmbH bought a new position in shares of Texas Roadhouse in the 3rd quarter valued at approximately $66,609,000. Fiera Capital Corp bought a new position in shares of Texas Roadhouse in the 3rd quarter valued at approximately $41,670,000. Finally, Bank of Montreal Can raised its stake in shares of Texas Roadhouse by 2,216.1% in the 3rd quarter. Bank of Montreal Can now owns 176,280 shares of the restaurant operator's stock valued at $30,831,000 after acquiring an additional 168,669 shares in the last quarter. Institutional investors own 94.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TXRH. Bank of America raised their target price on Texas Roadhouse from $206.00 to $234.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Robert W. Baird lifted their price objective on Texas Roadhouse from $190.00 to $205.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Wedbush reaffirmed an "outperform" rating and issued a $200.00 price target on shares of Texas Roadhouse in a research note on Thursday, December 19th. Morgan Stanley raised Texas Roadhouse from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $205.00 to $213.00 in a research note on Tuesday, January 21st. Finally, Truist Financial boosted their price target on Texas Roadhouse from $207.00 to $209.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Thirteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $191.26.

Texas Roadhouse Trading Down 1.3 %

Shares of TXRH stock traded down $2.25 on Wednesday, hitting $168.52. 1,133,338 shares of the stock were exchanged, compared to its average volume of 942,173. The firm has a market capitalization of $11.24 billion, a P/E ratio of 28.96, a price-to-earnings-growth ratio of 1.28 and a beta of 1.02. The business has a 50-day moving average of $182.66 and a 200 day moving average of $180.12. Texas Roadhouse, Inc. has a fifty-two week low of $130.15 and a fifty-two week high of $206.04.

Insider Buying and Selling

In other news, CTO Hernan E. Mujica sold 1,500 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was 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 approximately $3,305,332.92. This trade 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 accessible through this link. Also, insider Christopher C. Colson sold 1,370 shares of the 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 transaction, the insider now owns 10,000 shares in the company, valued at approximately $1,794,600. This trade represents a 12.05 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

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.