Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Angeles Wealth Management LLC

Angeles Wealth Management LLC lowered its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,350 shares of the restaurant operator’s stock after selling 119 shares during the quarter. Angeles Wealth Management LLC’s holdings in Texas Roadhouse were worth $244,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. FMR LLC raised its stake in Texas Roadhouse by 81.6% during the 3rd quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock worth $158,679,000 after acquiring an additional 403,720 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Texas Roadhouse by 76.0% during the third quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator’s stock worth $157,375,000 after purchasing an additional 385,998 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in shares of Texas Roadhouse in the 3rd quarter valued at about $66,609,000. Fiera Capital Corp acquired a new stake in shares of Texas Roadhouse in the 3rd quarter valued at about $41,670,000. Finally, Bank of Montreal Can boosted its position in shares of Texas Roadhouse by 2,216.1% in 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 period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Analyst Upgrades and Downgrades

TXRH has been the subject of a number of research reports. Wedbush reiterated an “outperform” rating and issued a $200.00 price objective on shares of Texas Roadhouse in a research note on Thursday, December 19th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $200.00 price target on shares of Texas Roadhouse in a research report on Thursday, January 16th. Truist Financial raised their price objective 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. Loop Capital reduced their target price on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a report on Monday, October 28th. Finally, Robert W. Baird raised their price target on Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Thirteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $191.26.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were 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 of the company’s stock, valued at $1,794,600. This represents a 12.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Hernan E. Mujica sold 1,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief technology officer now directly owns 16,342 shares of the company’s stock, valued at approximately $3,305,332.92. This trade represents a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Trading Down 1.3 %

Shares of TXRH opened at $173.60 on Tuesday. Texas Roadhouse, Inc. has a twelve month low of $130.15 and a twelve month high of $206.04. The firm has a market capitalization of $11.58 billion, a P/E ratio of 29.83, a PEG ratio of 1.28 and a beta of 1.02. The firm’s 50-day moving average is $183.66 and its two-hundred day moving average is $180.06.

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.