WCM Investment Management LLC Trims Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

WCM Investment Management LLC decreased its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 90,982 shares of the restaurant operator’s stock after selling 1,335 shares during the quarter. WCM Investment Management LLC owned approximately 0.14% of Texas Roadhouse worth $16,394,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TXRH. State Street Corp increased its stake in shares of Texas Roadhouse by 2.0% in the 3rd quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator’s stock worth $350,171,000 after acquiring an additional 38,723 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Texas Roadhouse by 1.5% during the third 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 in the last quarter. Barclays PLC increased its stake in shares of Texas Roadhouse by 14.4% during the third quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator’s stock valued at $208,539,000 after purchasing an additional 148,462 shares in the last quarter. Geneva Capital Management LLC lifted 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 valued at $162,897,000 after purchasing an additional 3,584 shares during the last quarter. Finally, FMR LLC boosted its position 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 worth $158,679,000 after purchasing an additional 403,720 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insider Activity at Texas Roadhouse

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

Texas Roadhouse Trading Down 1.4 %

Shares of Texas Roadhouse stock opened at $175.96 on Monday. The firm has a market cap of $11.74 billion, a PE ratio of 30.23, a PEG ratio of 1.28 and a beta of 1.02. The stock has a 50 day moving average of $183.66 and a 200 day moving average of $179.95. Texas Roadhouse, Inc. has a 12 month low of $130.15 and a 12 month high of $206.04.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Evercore ISI raised their price objective on Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Morgan Stanley upgraded Texas Roadhouse from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $205.00 to $213.00 in a report on Tuesday, January 21st. Wedbush reiterated an “outperform” rating and issued a $200.00 price target on shares of Texas Roadhouse in a research note on Thursday, December 19th. Royal Bank of Canada restated a “sector perform” rating and set a $200.00 price objective on shares of Texas Roadhouse in a research note on Thursday, January 16th. Finally, Stifel Nicolaus lifted their target price on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Thirteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Texas Roadhouse presently has an average rating of “Hold” and an average price target of $191.26.

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.