Hendershot Investments Inc. Cuts Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Hendershot Investments Inc. lessened its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,978 shares of the restaurant operator's stock after selling 2,914 shares during the period. Hendershot Investments Inc. owned approximately 0.07% of Texas Roadhouse worth $8,296,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. True Wealth Design LLC purchased a new stake in shares of Texas Roadhouse in the 3rd quarter valued at approximately $30,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Texas Roadhouse in the fourth quarter valued at approximately $30,000. PSI Advisors LLC lifted its stake in Texas Roadhouse by 70.8% during the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock worth $32,000 after purchasing an additional 75 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Texas Roadhouse by 118.6% during the third quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator's stock worth $46,000 after buying an additional 140 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Texas Roadhouse by 32.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock valued at $48,000 after buying an additional 65 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Insider Buying and Selling at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of the business's stock in a transaction dated 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 $1,794,600. The trade was a 12.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 value of $303,390.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Trading Down 1.3 %

Shares of NASDAQ TXRH traded down $2.25 during trading hours on Wednesday, reaching $168.52. The stock had a trading volume of 1,133,338 shares, compared to its average volume of 942,173. The firm has a 50-day moving average of $182.66 and a 200-day moving average of $180.12. The firm has a market cap of $11.24 billion, a price-to-earnings ratio of 28.96, a PEG ratio of 1.28 and a beta of 1.02. Texas Roadhouse, Inc. has a fifty-two week low of $130.15 and a fifty-two week high of $206.04.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TXRH. Robert W. Baird increased their target price on Texas Roadhouse from $190.00 to $205.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. UBS Group increased their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Truist Financial lifted their price objective on shares of Texas Roadhouse from $207.00 to $209.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Evercore ISI increased their target price on shares of Texas Roadhouse from $195.00 to $200.00 and gave the stock an "outperform" rating in a report on Tuesday, October 15th. Finally, Barclays raised their price target on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. Thirteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Texas Roadhouse presently has an average rating of "Hold" and an average price target of $191.26.

Texas Roadhouse 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.