Lecap Asset Management Ltd. Sells 1,568 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Lecap Asset Management Ltd. cut its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 34.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,018 shares of the restaurant operator's stock after selling 1,568 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Texas Roadhouse were worth $545,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Kingsview Wealth Management LLC raised its stake in shares of Texas Roadhouse by 3.1% during the third quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator's stock worth $313,000 after acquiring an additional 54 shares in the last quarter. Lifestyle Asset Management Inc. lifted its stake in Texas Roadhouse by 3.9% in the fourth quarter. Lifestyle Asset Management Inc. now owns 1,603 shares of the restaurant operator's stock worth $289,000 after purchasing an additional 60 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Texas Roadhouse by 3.3% during the third quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator's stock valued at $345,000 after buying an additional 62 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings 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 worth $48,000 after buying an additional 65 shares during the period. Finally, Insight Wealth Partners LLC lifted its stake in shares of Texas Roadhouse by 3.9% in the 3rd quarter. Insight Wealth Partners LLC now owns 1,818 shares of the restaurant operator's stock valued at $321,000 after acquiring an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

Insider Buying and Selling

In other news, insider Christopher C. Colson sold 1,370 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $179.46, for a total value of $245,860.20. Following the completion of the sale, the insider now directly owns 10,000 shares of the company's stock, valued at $1,794,600. This represents a 12.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse stock in a transaction 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 approximately $3,305,332.92. This trade represents a 8.41 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

Texas Roadhouse Trading Down 1.3 %

TXRH stock traded down $2.25 during midday trading on Wednesday, reaching $168.52. 1,133,338 shares of the company's stock traded hands, compared to its average volume of 942,173. The stock's 50-day moving average is $182.66 and its 200 day moving average is $180.12. The stock has a market cap of $11.24 billion, a P/E ratio of 28.96, a PEG ratio of 1.28 and a beta of 1.02. Texas Roadhouse, Inc. has a 52-week low of $130.15 and a 52-week high of $206.04.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TXRH shares. Morgan Stanley raised Texas Roadhouse from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $205.00 to $213.00 in a research note on Tuesday, January 21st. Royal Bank of Canada restated a "sector perform" rating and issued a $200.00 price objective on shares of Texas Roadhouse in a research report 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. Truist Financial upped their price target on Texas Roadhouse from $207.00 to $209.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Finally, Gordon Haskett lowered Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 price objective on the stock. in a research report on Wednesday, January 8th. Thirteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus 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.