Texas Roadhouse, Inc. (NASDAQ:TXRH) Holdings Raised by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 129.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,147 shares of the restaurant operator's stock after buying an additional 2,899 shares during the quarter. Janney Montgomery Scott LLC's holdings in Texas Roadhouse were worth $929,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in TXRH. 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 buying an additional 403,720 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Texas Roadhouse by 76.0% during the 3rd quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator's stock worth $157,375,000 after buying an additional 385,998 shares during the last quarter. Erste Asset Management GmbH acquired a new position in Texas Roadhouse in the 3rd quarter valued at about $66,609,000. Fiera Capital Corp acquired a new position in Texas Roadhouse in the 3rd quarter valued at about $41,670,000. Finally, Bank of Montreal Can raised its stake in 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 purchasing an additional 168,669 shares during 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, CTO Hernan E. Mujica sold 1,500 shares of the company's stock in a transaction 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 completion of the transaction, the chief technology officer now directly owns 16,342 shares in the company, valued at $3,305,332.92. This represents a 8.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher C. Colson sold 1,370 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $1,794,600. The trade was a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 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.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Royal Bank of Canada reissued a "sector perform" rating and issued a $200.00 target price on shares of Texas Roadhouse in a research note on Thursday, January 16th. Wedbush reissued an "outperform" rating and issued a $200.00 target price on shares of Texas Roadhouse in a research note on Thursday, December 19th. Barclays boosted their target price on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Bank of America lifted their price target on Texas Roadhouse from $206.00 to $234.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Finally, UBS Group lifted their price target on Texas Roadhouse from $200.00 to $210.00 and gave the company a "buy" rating in a report on Friday, October 25th. Thirteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $191.26.

Texas Roadhouse Stock Down 1.4 %

Shares of TXRH traded down $2.49 during trading on Friday, reaching $175.96. The company's stock had a trading volume of 1,188,496 shares, compared to its average volume of 885,523. The company has a fifty day moving average of $183.66 and a two-hundred day moving average of $179.90. Texas Roadhouse, Inc. has a twelve month low of $130.15 and a twelve month high of $206.04. The company has a market cap of $11.74 billion, a price-to-earnings ratio of 30.23, a P/E/G ratio of 1.28 and a beta of 1.02.

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.