Texas Roadhouse, Inc. (NASDAQ:TXRH) Sees Significant Growth in Short Interest

Texas Roadhouse, Inc. (NASDAQ:TXRH) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 2,110,000 shares, an increase of 19.9% from the January 15th total of 1,760,000 shares. Based on an average daily trading volume, of 769,300 shares, the days-to-cover ratio is currently 2.7 days. Currently, 3.2% of the shares of the stock are short sold.

Insider Buying and Selling at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $179.46, for a total value of $245,860.20. Following the completion of the transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $1,794,600. This trade represents a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

Several institutional investors and hedge funds have recently made changes to their positions in the company. Kingsview Wealth Management LLC raised its holdings in shares of Texas Roadhouse by 3.1% in the third quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator’s stock valued at $313,000 after acquiring an additional 54 shares in the last quarter. Cornerstone Investment Partners LLC raised its holdings in Texas Roadhouse by 2.7% in the fourth quarter. Cornerstone Investment Partners LLC now owns 2,159 shares of the restaurant operator’s stock worth $390,000 after purchasing an additional 56 shares in the last quarter. Lifestyle Asset Management Inc. raised its holdings in Texas Roadhouse by 3.9% in the fourth quarter. Lifestyle Asset Management Inc. now owns 1,603 shares of the restaurant operator’s stock worth $289,000 after purchasing an additional 60 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Texas Roadhouse by 3.3% in the third quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator’s stock worth $345,000 after purchasing an additional 62 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Texas Roadhouse by 32.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 65 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Stock Up 0.2 %

Shares of TXRH stock traded up $0.27 on Friday, hitting $171.70. The stock had a trading volume of 1,059,207 shares, compared to its average volume of 885,523. The business has a 50 day moving average price of $181.54 and a 200 day moving average price of $179.98. The company has a market cap of $11.45 billion, a PE ratio of 29.50, a P/E/G ratio of 1.28 and a beta of 1.02. Texas Roadhouse has a one year low of $132.28 and a one year high of $206.04.

Analyst Ratings Changes

TXRH has been the subject of a number of recent research reports. Wedbush reissued an “outperform” rating and issued a $200.00 target price on shares of Texas Roadhouse in a report on Thursday, December 19th. The Goldman Sachs Group started coverage on shares of Texas Roadhouse in a research note on Thursday, December 5th. They set a “neutral” rating and a $213.00 price objective for the company. Loop Capital dropped their price objective on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Gordon Haskett lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective for the company. in a research note on Wednesday, January 8th. Finally, BMO Capital Markets lifted their price objective on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Thirteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $190.83.

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.