Janney Montgomery Scott LLC Increases Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Janney Montgomery Scott LLC lifted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 129.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,147 shares of the restaurant operator’s stock after buying an additional 2,899 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Texas Roadhouse were worth $929,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. FMR LLC lifted its position in shares of Texas Roadhouse by 81.6% in the third quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock worth $158,679,000 after buying an additional 403,720 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Texas Roadhouse by 76.0% during the third quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator’s stock valued at $157,375,000 after buying an additional 385,998 shares during the last quarter. Erste Asset Management GmbH bought a new position in Texas Roadhouse in the 3rd quarter valued at $66,609,000. Fiera Capital Corp purchased a new position in Texas Roadhouse in the 3rd quarter worth about $41,670,000. Finally, Bank of Montreal Can raised its stake in shares of Texas Roadhouse by 2,216.1% during the third quarter. Bank of Montreal Can now owns 176,280 shares of the restaurant operator’s stock valued at $30,831,000 after acquiring an additional 168,669 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

TXRH stock opened at $181.16 on Thursday. The company has a market cap of $12.09 billion, a price-to-earnings ratio of 31.13, a price-to-earnings-growth ratio of 1.30 and a beta of 1.02. The company has a fifty day moving average price of $185.19 and a 200 day moving average price of $179.89. Texas Roadhouse, Inc. has a 12 month low of $128.24 and a 12 month high of $206.04.

Insider Buying and Selling at Texas Roadhouse

In other news, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the sale, the chief technology officer now owns 16,342 shares of the company’s stock, valued at $3,305,332.92. The trade was a 8.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher C. Colson sold 1,370 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,480 shares of company stock worth $668,603. 0.50% of the stock is owned by company insiders.

Analyst Ratings Changes

TXRH has been the subject of a number of analyst reports. Loop Capital lowered their target price on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a report on Monday, October 28th. Bank of America boosted their target price 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. Evercore ISI raised their price objective on Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Morgan Stanley raised Texas Roadhouse from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $205.00 to $213.00 in a research note on Tuesday, January 21st. Finally, The Goldman Sachs Group initiated coverage on Texas Roadhouse in a research report on Thursday, December 5th. They issued a “neutral” rating and a $213.00 target price on the stock. Thirteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Texas Roadhouse currently has an average rating of “Hold” and a consensus price target of $191.26.

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.