GHP Investment Advisors Inc. Cuts Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

GHP Investment Advisors Inc. decreased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,531 shares of the restaurant operator’s stock after selling 1,424 shares during the period. GHP Investment Advisors Inc. owned about 0.07% of Texas Roadhouse worth $8,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. True Wealth Design LLC acquired a new position in Texas Roadhouse during the third quarter worth $30,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Texas Roadhouse during the fourth quarter worth about $30,000. PSI Advisors LLC raised its position in shares of Texas Roadhouse by 70.8% during the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 75 shares during the last quarter. UMB Bank n.a. lifted its stake in Texas Roadhouse by 118.6% in the 3rd quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 140 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in Texas Roadhouse by 32.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock worth $48,000 after buying an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Down 0.5 %

TXRH opened at $181.16 on Thursday. The firm 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. The business has a fifty day simple moving average of $185.19 and a 200-day simple moving average of $179.89. Texas Roadhouse, Inc. has a 52 week low of $128.24 and a 52 week high of $206.04.

Analysts Set New Price Targets

TXRH has been the subject of a number of research analyst reports. Morgan Stanley raised Texas Roadhouse from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $205.00 to $213.00 in a report on Tuesday, January 21st. Bank of America raised their price objective on Texas Roadhouse from $206.00 to $234.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Evercore ISI upped their target price on shares of Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Wedbush reissued an “outperform” rating and issued a $200.00 price target on shares of Texas Roadhouse in a research note on Thursday, December 19th. Finally, Truist Financial boosted 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. Thirteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $191.26.

Insider Buying and Selling

In other Texas Roadhouse news, Director Donna E. Epps sold 610 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $195.66, for a total value of $119,352.60. Following the sale, the director now owns 3,532 shares of the company’s stock, valued at $691,071.12. This trade represents a 14.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Hernan E. Mujica sold 1,500 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $202.26, for a total value of $303,390.00. Following the transaction, the chief technology officer now directly owns 16,342 shares of the company’s stock, valued at approximately $3,305,332.92. This represents a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,480 shares of company stock valued at $668,603 in the last ninety days. 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.