Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 186,409 shares of the restaurant operator’s stock after selling 4,500 shares during the period. New York State Common Retirement Fund owned approximately 0.28% of Texas Roadhouse worth $33,634,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. FMR LLC lifted its stake in shares of Texas Roadhouse by 81.6% in the 3rd quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock valued at $158,679,000 after purchasing an additional 403,720 shares during the period. Franklin Resources Inc. grew its holdings in shares of Texas Roadhouse by 76.0% during the third quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator’s stock worth $157,375,000 after buying an additional 385,998 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in shares of Texas Roadhouse in the third quarter valued at about $66,609,000. Fiera Capital Corp purchased a new stake in shares of Texas Roadhouse in the third quarter valued at about $41,670,000. Finally, Bank of Montreal Can lifted its position in shares of Texas Roadhouse by 2,216.1% during the third 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 in the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Christopher C. Colson sold 1,370 shares of the company’s stock in a transaction 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 in the company, valued at $1,794,600. This 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 this link. 0.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Morgan Stanley upgraded shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $205.00 to $213.00 in a research note on Tuesday, January 21st. The Goldman Sachs Group started coverage on shares of Texas Roadhouse in a research report on Thursday, December 5th. They set a “neutral” rating and a $213.00 target price on the stock. Gordon Haskett downgraded Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price for the company. in a report on Wednesday, January 8th. Truist Financial lifted their price target on Texas Roadhouse from $207.00 to $209.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus cut their price target on Texas Roadhouse from $195.00 to $185.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Texas Roadhouse presently has an average rating of “Moderate Buy” and a consensus target price of $193.32.

Texas Roadhouse Price Performance

NASDAQ TXRH opened at $171.57 on Friday. The business’s 50-day simple moving average is $179.58 and its 200-day simple moving average is $180.02. Texas Roadhouse, Inc. has a 1-year low of $144.82 and a 1-year high of $206.04. The firm has a market capitalization of $11.45 billion, a P/E ratio of 29.48, a P/E/G ratio of 1.28 and a beta of 1.02.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. On average, equities research analysts expect that Texas Roadhouse, Inc. will post 6.4 EPS for the current fiscal year.

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.