Shaker Investments LLC OH Has $3.94 Million Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Shaker Investments LLC OH lessened its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 21,859 shares of the restaurant operator’s stock after selling 99 shares during the quarter. Texas Roadhouse comprises about 1.7% of Shaker Investments LLC OH’s investment portfolio, making the stock its 17th biggest position. Shaker Investments LLC OH’s holdings in Texas Roadhouse were worth $3,944,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp boosted its position in shares of Texas Roadhouse by 2.0% in the third quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator’s stock valued at $350,171,000 after acquiring an additional 38,723 shares during the period. Geode Capital Management LLC boosted its holdings 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 valued at $212,261,000 after purchasing an additional 18,126 shares during the period. Barclays PLC grew its position in shares of 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 purchasing an additional 148,462 shares in the last quarter. Geneva Capital Management LLC increased its holdings in shares of Texas Roadhouse by 0.4% during the third quarter. Geneva Capital Management LLC now owns 922,405 shares of the restaurant operator’s stock worth $162,897,000 after purchasing an additional 3,584 shares during the period. Finally, FMR LLC boosted its stake 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 valued at $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 Price Performance

NASDAQ TXRH opened at $173.60 on Tuesday. The company has a fifty day moving average price of $183.66 and a 200-day moving average price of $180.06. Texas Roadhouse, Inc. has a 1 year low of $130.15 and a 1 year high of $206.04. The firm has a market cap of $11.58 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 1.28 and a beta of 1.02.

Wall Street Analyst Weigh In

TXRH has been the topic of several analyst reports. BMO Capital Markets increased their target price on Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. Loop Capital lowered their target price on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a research note on Monday, October 28th. The Goldman Sachs Group began coverage on shares of Texas Roadhouse in a research note on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price target on the stock. Morgan Stanley raised shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $205.00 to $213.00 in a research note on Tuesday, January 21st. Finally, Bank of America boosted their target price on shares of Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Thirteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $191.26.

Insider Buying and Selling at Texas Roadhouse

In other news, CTO Hernan E. Mujica sold 1,500 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the sale, the chief technology officer now directly owns 16,342 shares of the company’s stock, valued at $3,305,332.92. This trade represents a 8.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse 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 sale, the insider now owns 10,000 shares in the company, valued at $1,794,600. The trade was a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

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.