Portfolio Design Labs LLC boosted its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 52.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 13,736 shares of the restaurant operator's stock after acquiring an additional 4,705 shares during the quarter. Portfolio Design Labs LLC's holdings in Texas Roadhouse were worth $2,478,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. True Wealth Design LLC purchased a new position in shares of Texas Roadhouse during the third quarter worth $30,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Texas Roadhouse during the 4th quarter valued at about $30,000. PSI Advisors LLC raised 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 valued at $32,000 after buying an additional 75 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Texas Roadhouse by 118.6% in the 3rd quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator's stock valued at $46,000 after buying an additional 140 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake 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 last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.
Texas Roadhouse Price Performance
TXRH traded up $0.27 on Friday, reaching $171.70. 1,059,207 shares of the company's stock were exchanged, compared to its average volume of 946,882. Texas Roadhouse, Inc. has a twelve month low of $132.28 and a twelve month high of $206.04. The stock has a market cap of $11.45 billion, a PE ratio of 29.50, a P/E/G ratio of 1.28 and a beta of 1.02. The stock's fifty day moving average price is $181.54 and its 200-day moving average price is $179.98.
Insiders Place Their Bets
In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of the firm'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 completion of the sale, the insider now directly owns 10,000 shares of the company's stock, valued at $1,794,600. This trade represents a 12.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.50% of the company's stock.
Wall Street Analyst Weigh In
TXRH has been the subject of several recent research reports. Royal Bank of Canada reiterated a "sector perform" rating and set a $200.00 price target on shares of Texas Roadhouse in a research report on Thursday, January 16th. Robert W. Baird lifted their target price on shares of Texas Roadhouse from $190.00 to $205.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Barclays increased their price target on shares of Texas Roadhouse from $160.00 to $175.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. BMO Capital Markets lifted their price objective on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a "market perform" rating in a report on Friday, October 25th. Finally, Gordon Haskett lowered 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 note on Wednesday, January 8th. Thirteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Texas Roadhouse presently has an average rating of "Hold" and an average target price of $190.83.
Check Out Our Latest Report on Texas Roadhouse
Texas Roadhouse Company Profile
(
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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