Optas LLC decreased its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 25.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,152 shares of the restaurant operator's stock after selling 1,764 shares during the quarter. Optas LLC's holdings in Texas Roadhouse were worth $930,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. True Wealth Design LLC acquired a new position in Texas Roadhouse during the third quarter worth approximately $30,000. PSI Advisors LLC boosted its stake in shares of 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. UMB Bank n.a. increased its holdings in shares of Texas Roadhouse by 118.6% during the 3rd quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator's stock worth $46,000 after acquiring an additional 140 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Texas Roadhouse by 32.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock valued at $48,000 after acquiring an additional 65 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in Texas Roadhouse by 158.1% during the 3rd 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 last quarter. Institutional investors own 94.82% of the company's stock.
Insiders Place Their Bets
In other news, insider Christopher C. Colson sold 1,370 shares of the 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 completion of the transaction, the insider now directly owns 10,000 shares in the company, valued at approximately $1,794,600. This represents a 12.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donna E. Epps sold 610 shares of the business's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $195.66, for a total value of $119,352.60. Following the sale, the director now owns 3,532 shares in the company, valued at $691,071.12. This represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,480 shares of company stock valued at $668,603. 0.50% of the stock is currently owned by corporate insiders.
Texas Roadhouse Stock Performance
Shares of Texas Roadhouse stock traded down $2.49 during trading on Friday, reaching $175.96. 1,188,496 shares of the company's stock were exchanged, compared to its average volume of 907,305. The firm's 50-day moving average price is $184.25 and its 200 day moving average price is $179.88. The company has a market cap of $11.74 billion, a P/E ratio of 30.23, a PEG ratio of 1.30 and a beta of 1.02. Texas Roadhouse, Inc. has a 1-year low of $130.15 and a 1-year high of $206.04.
Analyst Ratings Changes
TXRH has been the topic of several research reports. Morgan Stanley upgraded shares of Texas Roadhouse from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $205.00 to $213.00 in a report on Tuesday, January 21st. Loop Capital lowered their price target on shares of Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating on the stock in a report on Monday, October 28th. Bank of America raised their price objective on shares of Texas Roadhouse from $206.00 to $234.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Truist Financial upped their target price 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 cut Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 price target for the company. in a report on Wednesday, January 8th. Thirteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $191.26.
Check Out Our Latest Stock Report on TXRH
About Texas Roadhouse
(
Free Report)
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.
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