Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Fiera Capital Corp

Fiera Capital Corp reduced its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 2.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 231,048 shares of the restaurant operator's stock after selling 4,908 shares during the period. Fiera Capital Corp owned about 0.35% of Texas Roadhouse worth $41,688,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legato Capital Management LLC grew its stake in shares of Texas Roadhouse by 230.4% during the 4th quarter. Legato Capital Management LLC now owns 8,009 shares of the restaurant operator's stock valued at $1,445,000 after buying an additional 5,585 shares during the period. Portfolio Design Labs LLC grew its stake in shares of Texas Roadhouse by 52.1% during the 4th quarter. Portfolio Design Labs LLC now owns 13,736 shares of the restaurant operator's stock valued at $2,478,000 after buying an additional 4,705 shares during the period. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Texas Roadhouse during the 4th quarter valued at $160,000. Empowered Funds LLC grew its stake in shares of Texas Roadhouse by 13.0% during the 4th quarter. Empowered Funds LLC now owns 111,412 shares of the restaurant operator's stock valued at $20,102,000 after buying an additional 12,821 shares during the period. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Texas Roadhouse during the 4th quarter valued at $327,000. 94.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of the business's stock in a transaction dated 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 owns 10,000 shares of the company's stock, valued at $1,794,600. This represents a 12.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.50% of the company's stock.

Texas Roadhouse Price Performance

Shares of NASDAQ:TXRH traded up $0.27 during 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. Texas Roadhouse, Inc. has a 12 month low of $132.28 and a 12 month high of $206.04. The company has a 50 day moving average of $181.04 and a 200-day moving average of $180.02. The stock has a market capitalization of $11.45 billion, a P/E ratio of 29.50, a price-to-earnings-growth ratio of 1.28 and a beta of 1.02.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TXRH. Bank of America boosted their price objective on shares of Texas Roadhouse from $206.00 to $234.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Loop Capital reduced their target price 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. Barclays lifted their target price 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. Morgan Stanley upgraded shares of Texas Roadhouse from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $205.00 to $213.00 in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group started coverage on shares of Texas Roadhouse in a report on Thursday, December 5th. They set a "neutral" rating and a $213.00 target price on the stock. Thirteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Texas Roadhouse has a consensus rating of "Hold" and an average target price 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.