Texas Roadhouse, Inc. (NASDAQ:TXRH) Stake Increased by Blue Trust Inc.

Blue Trust Inc. boosted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 43.1% during the 4th quarter, HoldingsChannel reports. The fund owned 674 shares of the restaurant operator’s stock after buying an additional 203 shares during the period. Blue Trust Inc.’s holdings in Texas Roadhouse were worth $119,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in TXRH. True Wealth Design LLC acquired a new stake in shares of Texas Roadhouse in the 3rd quarter valued at about $30,000. PSI Advisors LLC increased its holdings in Texas Roadhouse by 70.8% in the third 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. raised its stake in Texas Roadhouse by 118.6% during the third 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 in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings 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 worth $48,000 after buying an additional 65 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its position in shares of Texas Roadhouse by 158.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator’s stock worth $53,000 after acquiring an additional 185 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Donna E. Epps sold 610 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the sale, the director now owns 3,532 shares in the company, valued at $691,071.12. The trade was a 14.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher C. Colson sold 1,370 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at $1,794,600. This represents a 12.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,480 shares of company stock worth $668,603. Insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on TXRH. The Goldman Sachs Group started coverage on Texas Roadhouse in a research report on Thursday, December 5th. They set a “neutral” rating and a $213.00 price target on the stock. Morgan Stanley raised shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $205.00 to $213.00 in a report on Tuesday, January 21st. Evercore ISI lifted their price target on shares of Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Loop Capital dropped their price target on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. 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 research report on Friday, October 25th. Thirteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $191.26.

Texas Roadhouse Price Performance

NASDAQ TXRH opened at $178.45 on Friday. The company has a market capitalization of $11.90 billion, a P/E ratio of 30.66, a PEG ratio of 1.30 and a beta of 1.02. Texas Roadhouse, Inc. has a 12 month low of $130.04 and a 12 month high of $206.04. The company’s 50 day simple moving average is $184.74 and its 200 day simple moving average is $179.89.

Texas Roadhouse Company 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.