Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Bought by Blue Trust Inc.

Blue Trust Inc. grew its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 43.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 674 shares of the restaurant operator’s stock after acquiring an additional 203 shares during the period. Blue Trust Inc.’s holdings in Texas Roadhouse were worth $119,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. State Street Corp boosted its position in Texas Roadhouse by 2.0% during the third quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator’s stock worth $350,171,000 after purchasing an additional 38,723 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Texas Roadhouse by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,201,641 shares of the restaurant operator’s stock worth $212,261,000 after buying an additional 18,126 shares during the last quarter. Barclays PLC boosted its position in shares of Texas Roadhouse by 14.4% in the 3rd quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator’s stock worth $208,539,000 after buying an additional 148,462 shares in the last quarter. Geneva Capital Management LLC grew its position in shares of Texas Roadhouse by 0.4% in the third quarter. Geneva Capital Management LLC now owns 922,405 shares of the restaurant operator’s stock valued at $162,897,000 after purchasing an additional 3,584 shares during the last quarter. Finally, FMR LLC grew its holdings in Texas Roadhouse by 81.6% during the 3rd quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock valued at $158,679,000 after buying an additional 403,720 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on TXRH shares. 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 price objective on the stock. Robert W. Baird raised their price target on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Loop Capital lowered their price target on shares of 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 upped 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. Finally, Barclays lifted their target price on shares of Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Thirteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $191.26.

Insider Activity at Texas Roadhouse

In other news, Director Donna E. Epps sold 610 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the transaction, the director now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Hernan E. Mujica sold 1,500 shares of the firm’s stock in a transaction 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 directly owns 16,342 shares of the company’s stock, valued at approximately $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. In the last ninety days, insiders have sold 3,480 shares of company stock worth $668,603. 0.50% of the stock is currently owned by company insiders.

Texas Roadhouse Price Performance

Shares of TXRH opened at $178.45 on Friday. Texas Roadhouse, Inc. has a 12 month low of $130.04 and a 12 month high of $206.04. The stock’s 50-day moving average is $184.74 and its two-hundred day moving average is $179.89. The stock has a market cap of $11.90 billion, a PE ratio of 30.66, a P/E/G ratio of 1.30 and a beta of 1.02.

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.