Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. trimmed its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 14.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,300 shares of the restaurant operator’s stock after selling 1,077 shares during the period. Asset Management One Co. Ltd.’s holdings in Texas Roadhouse were worth $1,146,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Texas Roadhouse during the fourth quarter worth about $30,000. True Wealth Design LLC bought a new position in shares of Texas Roadhouse during the third quarter worth about $30,000. PSI Advisors LLC grew its position in shares of 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 acquiring an additional 75 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Texas Roadhouse by 32.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock worth $48,000 after acquiring an additional 65 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its position in shares of Texas Roadhouse by 158.1% during the third quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator’s stock worth $53,000 after acquiring an additional 185 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on TXRH. UBS Group upped their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Gordon Haskett lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target for the company. in a research report on Wednesday, January 8th. Wedbush reissued an “outperform” rating and set a $200.00 target price on shares of Texas Roadhouse in a research note on Thursday, December 19th. The Goldman Sachs Group started coverage on shares of Texas Roadhouse in a research note on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price target for the company. Finally, Robert W. Baird increased their price objective on shares of Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Eleven research 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 a consensus rating of “Moderate Buy” and a consensus price target of $193.32.

Texas Roadhouse Stock Down 1.4 %

Shares of NASDAQ TXRH opened at $171.57 on Friday. Texas Roadhouse, Inc. has a 12 month low of $144.82 and a 12 month high of $206.04. The company has a market cap of $11.45 billion, a price-to-earnings ratio of 29.48, a P/E/G ratio of 1.28 and a beta of 1.02. The business has a fifty day simple moving average of $179.58 and a 200-day simple moving average of $180.02.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.07. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. As a group, sell-side analysts expect that Texas Roadhouse, Inc. will post 6.4 EPS for the current fiscal year.

Insider Buying and Selling

In related news, 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 value of $245,860.20. Following the completion of the sale, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $1,794,600. This represents a 12.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.50% of the company’s stock.

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.