State of Alaska Department of Revenue Has $1.37 Million Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

State of Alaska Department of Revenue decreased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,607 shares of the restaurant operator’s stock after selling 160 shares during the quarter. State of Alaska Department of Revenue’s holdings in Texas Roadhouse were worth $1,372,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Hantz Financial Services Inc. boosted its stake in Texas Roadhouse by 8,594.4% in the third quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator’s stock valued at $553,000 after acquiring an additional 3,094 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of Texas Roadhouse in the 3rd quarter worth $17,853,000. Victory Capital Management Inc. grew its stake in shares of Texas Roadhouse by 194.9% during the third quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock worth $11,962,000 after purchasing an additional 44,768 shares during the period. First Hawaiian Bank bought a new stake in Texas Roadhouse in the fourth quarter valued at about $1,554,000. Finally, Thrivent Financial for Lutherans increased its holdings in Texas Roadhouse by 0.9% in the third quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator’s stock valued at $85,306,000 after purchasing an additional 4,391 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Robert W. Baird boosted their target price on Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Stifel Nicolaus upped their target price on shares of Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Morgan Stanley raised shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $205.00 to $213.00 in a research report on Tuesday, January 21st. Loop Capital decreased 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. Finally, Barclays upped their price objective on shares of 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 equities research 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.com, the company has a consensus rating of “Hold” and a consensus target price of $191.26.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $168.52 on Thursday. The firm has a 50-day moving average of $182.66 and a 200-day moving average of $180.12. Texas Roadhouse, Inc. has a one year low of $130.15 and a one year high of $206.04. The company has a market cap of $11.24 billion, a price-to-earnings ratio of 28.96, a P/E/G ratio of 1.28 and a beta of 1.02.

Insider Buying and Selling at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of the 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 in the company, valued at approximately $1,794,600. This trade represents a 12.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.50% of the company’s stock.

About Texas Roadhouse

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.