Asset Planning Inc Invests $74,000 in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Asset Planning Inc acquired a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 410 shares of the restaurant operator’s stock, valued at approximately $74,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TXRH. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Texas Roadhouse in the 4th quarter valued at about $30,000. True Wealth Design LLC acquired a new stake in Texas Roadhouse in the third quarter valued at approximately $30,000. PSI Advisors LLC grew its holdings in Texas Roadhouse by 70.8% in the third 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 last quarter. MassMutual Private Wealth & Trust FSB increased 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 purchasing an additional 65 shares in the last quarter. Finally, First Horizon Advisors Inc. increased 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 purchasing an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

Shares of Texas Roadhouse stock opened at $171.43 on Friday. The business has a 50 day simple moving average of $182.04 and a two-hundred day simple moving average of $180.04. The stock has a market capitalization of $11.44 billion, a P/E ratio of 29.46, a PEG ratio of 1.28 and a beta of 1.02. Texas Roadhouse, Inc. has a 12 month low of $130.15 and a 12 month high of $206.04.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TXRH shares. Loop Capital dropped their target price on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. The Goldman Sachs Group initiated coverage on Texas Roadhouse in a research note on Thursday, December 5th. They set a “neutral” rating and a $213.00 price target on the stock. Wedbush reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Texas Roadhouse in a research report on Thursday, December 19th. Robert W. Baird boosted their target price on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, UBS Group raised their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Thirteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $191.26.

Insider Activity 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 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 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 Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is owned by corporate insiders.

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.