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

Congress Asset Management Co. reduced its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,142 shares of the restaurant operator’s stock after selling 100 shares during the quarter. Congress Asset Management Co.’s holdings in Texas Roadhouse were worth $928,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of TXRH. True Wealth Design LLC acquired a new stake in Texas Roadhouse during the third quarter worth about $30,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Texas Roadhouse during the 4th quarter worth approximately $30,000. PSI Advisors LLC grew its stake in shares of Texas Roadhouse by 70.8% during the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 75 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Texas Roadhouse by 32.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock valued at $48,000 after purchasing an additional 65 shares during the period. Finally, First Horizon Advisors Inc. boosted its holdings in 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 buying an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Up 0.2 %

TXRH stock opened at $171.70 on Tuesday. Texas Roadhouse, Inc. has a 52-week low of $132.28 and a 52-week high of $206.04. The stock has a market cap of $11.45 billion, a price-to-earnings ratio of 29.50, a price-to-earnings-growth ratio of 1.28 and a beta of 1.02. The business has a fifty day moving average of $181.04 and a two-hundred day moving average of $180.05.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TXRH. Stifel Nicolaus decreased their price objective on shares of Texas Roadhouse from $195.00 to $185.00 and set a “hold” rating for the company in a research report on Friday. Gordon Haskett downgraded Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target on the stock. in a research report on Wednesday, January 8th. Loop Capital cut their price objective on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a research report on Monday, October 28th. UBS Group increased their target price on Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, BMO Capital Markets boosted their price target on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. Thirteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $190.83.

Insider Buying and Selling

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the transaction, the insider now owns 10,000 shares of the company’s stock, valued at $1,794,600. This trade represents a 12.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate 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.