Marks Group Wealth Management Inc Reduces Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Marks Group Wealth Management Inc trimmed its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 5.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,703 shares of the restaurant operator's stock after selling 2,694 shares during the period. Texas Roadhouse accounts for approximately 0.9% of Marks Group Wealth Management Inc's holdings, making the stock its 29th largest position. Marks Group Wealth Management Inc owned about 0.08% of Texas Roadhouse worth $9,329,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kingsview Wealth Management LLC boosted its holdings in Texas Roadhouse by 3.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator's stock worth $313,000 after buying an additional 54 shares during the period. Lifestyle Asset Management Inc. boosted its holdings in Texas Roadhouse by 3.9% in the 4th quarter. Lifestyle Asset Management Inc. now owns 1,603 shares of the restaurant operator's stock worth $289,000 after buying an additional 60 shares during the period. CIBC Asset Management Inc boosted its holdings in Texas Roadhouse by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator's stock worth $345,000 after buying an additional 62 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Texas Roadhouse by 32.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock valued at $48,000 after purchasing an additional 65 shares during the last quarter. Finally, Insight Wealth Partners LLC boosted its holdings in shares of Texas Roadhouse by 3.9% during the 3rd quarter. Insight Wealth Partners LLC now owns 1,818 shares of the restaurant operator's stock valued at $321,000 after purchasing an additional 68 shares during the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Texas Roadhouse Stock Up 0.2 %

Shares of NASDAQ TXRH traded up $0.27 during midday trading on Friday, reaching $171.70. 1,059,207 shares of the company's stock traded hands, compared to its average volume of 885,523. The stock's 50 day simple moving average is $181.54 and its 200-day simple moving average is $179.98. Texas Roadhouse, Inc. has a one year low of $132.28 and a one year high of $206.04. The company has a market cap of $11.45 billion, a price-to-earnings ratio of 29.50, a P/E/G ratio of 1.28 and a beta of 1.02.

Insider Buying and Selling at Texas Roadhouse

In other news, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the sale, the insider now directly owns 10,000 shares in the company, valued at approximately $1,794,600. The trade was a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on TXRH shares. Barclays increased their price objective on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. Truist Financial increased 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. Gordon Haskett cut shares of Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 target price on the stock. in a research report on Wednesday, January 8th. Loop Capital decreased their target price on shares of Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating on the stock in a research report on Monday, October 28th. Finally, Wedbush restated an "outperform" rating and set a $200.00 target price on shares of Texas Roadhouse in a research report on Thursday, December 19th. Thirteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $190.83.

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.