Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Acquired by Legato Capital Management LLC

Legato Capital Management LLC lifted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 230.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,009 shares of the restaurant operator’s stock after acquiring an additional 5,585 shares during the quarter. Legato Capital Management LLC’s holdings in Texas Roadhouse were worth $1,445,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC purchased a new stake in Texas Roadhouse in the 3rd quarter worth approximately $30,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Texas Roadhouse in the 4th quarter valued at $30,000. PSI Advisors LLC boosted its holdings in Texas Roadhouse by 70.8% during the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after buying an additional 75 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Texas Roadhouse by 32.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock valued at $48,000 after buying an additional 65 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in Texas Roadhouse by 158.1% in the third quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator’s stock valued at $53,000 after buying an additional 185 shares in the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Texas Roadhouse Stock Performance

NASDAQ TXRH opened at $168.52 on Thursday. Texas Roadhouse, Inc. has a fifty-two week low of $130.15 and a fifty-two week high of $206.04. The firm has a market capitalization of $11.24 billion, a P/E ratio of 28.96, a price-to-earnings-growth ratio of 1.28 and a beta of 1.02. The stock’s fifty day moving average is $182.66 and its two-hundred day moving average is $180.12.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TXRH shares. Truist Financial increased their target price on shares of Texas Roadhouse from $207.00 to $209.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. 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. Wedbush restated an “outperform” rating and issued a $200.00 price objective on shares of Texas Roadhouse in a research report on Thursday, December 19th. Gordon Haskett downgraded Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price for the company. in a research note on Wednesday, January 8th. Finally, Morgan Stanley raised shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $205.00 to $213.00 in a research note on Tuesday, January 21st. Thirteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $191.26.

Insider Transactions at Texas Roadhouse

In other news, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the sale, the insider now owns 10,000 shares of the company’s stock, valued at approximately $1,794,600. The trade was a 12.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.50% of the company’s stock.

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.