New York State Teachers Retirement System Lowers Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

New York State Teachers Retirement System cut its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 85,098 shares of the restaurant operator's stock after selling 5,600 shares during the period. New York State Teachers Retirement System owned 0.13% of Texas Roadhouse worth $15,354,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TXRH. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Texas Roadhouse in the fourth quarter worth $30,000. True Wealth Design LLC purchased a new position in Texas Roadhouse in the 3rd quarter worth $30,000. PSI Advisors LLC lifted its position in Texas Roadhouse by 70.8% during the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock worth $32,000 after acquiring an additional 75 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in 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, First Horizon Advisors Inc. increased its holdings in shares of Texas Roadhouse by 158.1% in the third quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator's stock valued at $53,000 after purchasing an additional 185 shares during the period. Hedge funds and other institutional investors own 94.82% of the company's stock.

Texas Roadhouse Stock Down 1.4 %

Shares of NASDAQ TXRH traded down $2.45 during midday trading on Thursday, hitting $171.57. The stock had a trading volume of 2,178,227 shares, compared to its average volume of 1,026,218. Texas Roadhouse, Inc. has a 1 year low of $144.82 and a 1 year high of $206.04. The company has a market capitalization of $11.45 billion, a PE ratio of 29.48, a P/E/G ratio of 1.28 and a beta of 1.02. The stock has a 50 day simple moving average of $179.94 and a 200-day simple moving average of $180.08.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, beating analysts' consensus estimates of $1.66 by $0.07. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. As a group, analysts expect that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TXRH. Truist Financial increased their price target on shares of Texas Roadhouse from $207.00 to $209.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Robert W. Baird increased their price objective on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. BMO Capital Markets boosted their target price on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a "market perform" rating in a research report on Friday, October 25th. Gordon Haskett downgraded Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 price target on the stock. in a research report on Wednesday, January 8th. Finally, Barclays boosted their price objective on Texas Roadhouse from $160.00 to $175.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. Thirteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $190.83.

Insider Transactions at Texas Roadhouse

In related news, 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 completion of the sale, the insider now owns 10,000 shares of the company's stock, valued at approximately $1,794,600. This trade represents a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.50% of the company's stock.

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.