Portfolio Design Labs LLC Has $2.48 Million Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Portfolio Design Labs LLC boosted its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 52.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 13,736 shares of the restaurant operator’s stock after acquiring an additional 4,705 shares during the period. Portfolio Design Labs LLC’s holdings in Texas Roadhouse were worth $2,478,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of TXRH. True Wealth Design LLC acquired a new stake in Texas Roadhouse during the 3rd quarter worth $30,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Texas Roadhouse during the fourth quarter worth $30,000. PSI Advisors LLC boosted its position in shares of Texas Roadhouse by 70.8% during 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 in the last quarter. UMB Bank n.a. boosted its position in shares of Texas Roadhouse by 118.6% during the third quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 140 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted 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. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insider Transactions at Texas Roadhouse

In other news, CTO Hernan E. Mujica sold 1,500 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the transaction, the chief technology officer now directly owns 16,342 shares in the company, valued at $3,305,332.92. The trade was a 8.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher C. Colson sold 1,370 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the transaction, 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 disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TXRH shares. Loop Capital reduced their price target on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. BMO Capital Markets lifted their price target on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Truist Financial lifted their price target on shares of Texas Roadhouse from $207.00 to $209.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group assumed coverage on shares of Texas Roadhouse in a research report on Thursday, December 5th. They set a “neutral” rating and a $213.00 price target on the stock. 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 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $191.26.

Texas Roadhouse Price Performance

Shares of NASDAQ:TXRH opened at $170.77 on Wednesday. The company’s 50-day moving average price is $183.17 and its two-hundred day moving average price is $180.11. Texas Roadhouse, Inc. has a one year low of $130.15 and a one year high of $206.04. The stock has a market capitalization of $11.39 billion, a PE ratio of 29.34, a price-to-earnings-growth ratio of 1.28 and a beta of 1.02.

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.