abrdn plc Sells 12,144 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

abrdn plc trimmed its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 5.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 199,895 shares of the restaurant operator’s stock after selling 12,144 shares during the period. abrdn plc owned about 0.30% of Texas Roadhouse worth $36,067,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TXRH. FMR LLC grew its holdings in Texas Roadhouse by 81.6% during 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 last quarter. Franklin Resources Inc. grew its holdings in Texas Roadhouse by 76.0% during the 3rd quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator’s stock valued at $157,375,000 after purchasing an additional 385,998 shares during the last quarter. Erste Asset Management GmbH bought a new position in Texas Roadhouse during the 3rd quarter valued at about $66,609,000. Fiera Capital Corp bought a new position in Texas Roadhouse during the 3rd quarter valued at about $41,670,000. Finally, Bank of Montreal Can grew its holdings 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 valued at $30,831,000 after purchasing an additional 168,669 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Christopher C. Colson sold 1,370 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the transaction, the insider now owns 10,000 shares of the company’s stock, valued at $1,794,600. This trade represents a 12.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Donna E. Epps sold 610 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the sale, the director now owns 3,532 shares in the company, valued at approximately $691,071.12. This represents a 14.73 % decrease in their position. 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.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TXRH shares. Gordon Haskett downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target on the stock. in a report on Wednesday, January 8th. Wedbush restated an “outperform” rating and issued a $200.00 target price on shares of Texas Roadhouse in a research note on Thursday, December 19th. Truist Financial upped their target price on shares of Texas Roadhouse from $207.00 to $209.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Royal Bank of Canada restated a “sector perform” rating and issued a $200.00 target price on shares of Texas Roadhouse in a research note on Thursday, January 16th. Finally, UBS Group upped their target price on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Thirteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Roadhouse presently has a consensus rating of “Hold” and an average price target of $191.26.

Texas Roadhouse Trading Down 0.5 %

NASDAQ TXRH opened at $181.16 on Thursday. The company has a fifty day simple moving average of $185.19 and a two-hundred day simple moving average of $179.89. The stock has a market cap 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. Texas Roadhouse, Inc. has a 12-month low of $128.24 and a 12-month high of $206.04.

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.