Texas Roadhouse, Inc. (NASDAQ:TXRH) Position Trimmed by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,459 shares of the restaurant operator’s stock after selling 337 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Texas Roadhouse were worth $4,233,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. State Street Corp raised its position in shares of Texas Roadhouse by 2.0% during the third quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator’s stock worth $350,171,000 after purchasing an additional 38,723 shares during the period. Geode Capital Management LLC increased its stake in Texas Roadhouse by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,201,641 shares of the restaurant operator’s stock worth $212,261,000 after purchasing an additional 18,126 shares in the last quarter. Barclays PLC raised its holdings in Texas Roadhouse by 14.4% during the 3rd quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator’s stock worth $208,539,000 after buying an additional 148,462 shares during the period. Geneva Capital Management LLC lifted its stake in Texas Roadhouse by 0.4% during the third quarter. Geneva Capital Management LLC now owns 922,405 shares of the restaurant operator’s stock valued at $162,897,000 after buying an additional 3,584 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Texas Roadhouse by 81.6% in the third quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock worth $158,679,000 after buying an additional 403,720 shares during the period. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Down 1.9 %

Shares of Texas Roadhouse stock opened at $174.02 on Thursday. Texas Roadhouse, Inc. has a 12-month low of $144.82 and a 12-month high of $206.04. The stock has a market capitalization of $11.61 billion, a P/E ratio of 29.90, a PEG ratio of 1.23 and a beta of 1.02. The stock has a 50 day moving average price of $179.94 and a two-hundred day moving average price of $180.08.

Analyst Upgrades and Downgrades

TXRH has been the subject of a number of recent analyst reports. Loop Capital decreased their price objective 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. Robert W. Baird lifted their price target on Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Barclays increased their price objective on Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Wedbush reaffirmed an “outperform” rating and set a $200.00 target price on shares of Texas Roadhouse in a research note on Thursday, December 19th. Finally, BMO Capital Markets increased 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. Thirteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $190.83.

Insider Buying and Selling

In related news, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction on Friday, January 10th. The shares were sold at an average price of $179.46, for a total value of $245,860.20. Following the transaction, the insider now owns 10,000 shares in the company, valued at $1,794,600. This trade represents a 12.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.50% of the stock is owned by insiders.

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.