Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. decreased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,531 shares of the restaurant operator’s stock after selling 1,424 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Texas Roadhouse were worth $8,576,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in Texas Roadhouse by 81.6% in the third 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. Franklin Resources Inc. increased its holdings in shares of Texas Roadhouse by 76.0% in the 3rd quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator’s stock valued at $157,375,000 after acquiring an additional 385,998 shares during the period. Erste Asset Management GmbH purchased a new stake in Texas Roadhouse in the 3rd quarter valued at $66,609,000. Fiera Capital Corp acquired a new stake in Texas Roadhouse during the 3rd quarter worth $41,670,000. Finally, Bank of Montreal Can grew its position in Texas Roadhouse by 2,216.1% during the 3rd quarter. Bank of Montreal Can now owns 176,280 shares of the restaurant operator’s stock worth $30,831,000 after purchasing an additional 168,669 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Stock Down 0.5 %

Shares of NASDAQ:TXRH opened at $181.16 on Thursday. Texas Roadhouse, Inc. has a 52-week low of $128.24 and a 52-week high of $206.04. The company has a market capitalization of $12.09 billion, a P/E ratio of 31.13, a P/E/G ratio of 1.30 and a beta of 1.02. The stock’s fifty day simple moving average is $185.19 and its 200-day simple moving average is $179.89.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TXRH shares. Loop Capital decreased their target price 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $200.00 price objective on shares of Texas Roadhouse in a research report on Thursday, January 16th. Wedbush reissued an “outperform” rating and issued a $200.00 target price on shares of Texas Roadhouse in a report on Thursday, December 19th. BMO Capital Markets increased their price target on Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus boosted their price objective 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. Thirteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Texas Roadhouse currently has a consensus rating of “Hold” and a consensus price target of $191.26.

Insider Activity

In other 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 transaction, the insider now directly owns 10,000 shares in the company, valued at $1,794,600. This represents a 12.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Hernan E. Mujica sold 1,500 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief technology officer now 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. Insiders sold a total of 3,480 shares of company stock valued at $668,603 over the last 90 days. 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.