Retirement Systems of Alabama Trims Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Retirement Systems of Alabama trimmed its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 183,269 shares of the restaurant operator's stock after selling 7,878 shares during the quarter. Retirement Systems of Alabama owned 0.27% of Texas Roadhouse worth $33,067,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Mather Group LLC. raised its stake in Texas Roadhouse by 20.1% during the fourth quarter. Mather Group LLC. now owns 717 shares of the restaurant operator's stock worth $129,000 after acquiring an additional 120 shares in the last quarter. Longboard Asset Management LP acquired a new stake in shares of Texas Roadhouse during the 4th quarter worth approximately $246,000. Trust Point Inc. lifted its stake in shares of Texas Roadhouse by 63.9% in the 4th quarter. Trust Point Inc. now owns 3,345 shares of the restaurant operator's stock valued at $604,000 after purchasing an additional 1,304 shares during the period. Hodges Capital Management Inc. lifted its stake in Texas Roadhouse by 5.0% in the fourth quarter. Hodges Capital Management Inc. now owns 37,775 shares of the restaurant operator's stock valued at $6,815,000 after buying an additional 1,813 shares during the period. Finally, Boston Trust Walden Corp increased its stake in Texas Roadhouse by 3.9% in the fourth quarter. Boston Trust Walden Corp now owns 222,519 shares of the restaurant operator's stock valued at $40,149,000 after purchasing an additional 8,374 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on TXRH. Robert W. Baird boosted their price objective on shares of Texas Roadhouse from $190.00 to $205.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Evercore ISI boosted their target price on shares of Texas Roadhouse from $195.00 to $200.00 and gave the stock an "outperform" rating in a report on Tuesday, October 15th. Barclays raised their price objective on Texas Roadhouse from $160.00 to $175.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. The Goldman Sachs Group started coverage on shares of Texas Roadhouse in a report on Thursday, December 5th. They issued a "neutral" rating and a $213.00 price target on the stock. Finally, BMO Capital Markets increased their price target on Texas Roadhouse from $155.00 to $162.00 and gave the stock a "market perform" rating in a research report on Friday, October 25th. Thirteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $191.26.

Insider Buying and Selling at Texas Roadhouse

In related news, Director Donna E. Epps sold 610 shares of the company's stock in a transaction that occurred 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 transaction, the director now owns 3,532 shares in the company, valued at approximately $691,071.12. This represents a 14.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Hernan E. Mujica sold 1,500 shares of the company's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the sale, the chief technology officer now owns 16,342 shares in the company, valued at $3,305,332.92. The trade was a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,480 shares of company stock valued at $668,603. Company insiders own 0.50% of the company's stock.

Texas Roadhouse Stock Down 1.4 %

Texas Roadhouse stock traded down $2.49 during mid-day trading on Friday, hitting $175.96. 1,188,496 shares of the stock were exchanged, compared to its average volume of 885,523. The firm's fifty day simple moving average is $183.66 and its two-hundred day simple moving average is $179.90. Texas Roadhouse, Inc. has a 12 month low of $130.15 and a 12 month high of $206.04. The stock has a market capitalization of $11.74 billion, a price-to-earnings ratio of 30.23, a PEG ratio of 1.28 and a beta of 1.02.

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.