Wilmington Savings Fund Society FSB Has $1.24 Million Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Wilmington Savings Fund Society FSB decreased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 5.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,843 shares of the restaurant operator’s stock after selling 415 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Texas Roadhouse were worth $1,235,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. True Wealth Design LLC acquired a new position in shares of Texas Roadhouse during the 3rd quarter worth about $30,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Texas Roadhouse in the fourth quarter valued at approximately $30,000. PSI Advisors LLC increased 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. raised its stake in shares of Texas Roadhouse by 118.6% during the 3rd quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 140 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Texas Roadhouse by 32.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Performance

Shares of TXRH opened at $175.96 on Monday. The stock has a market capitalization of $11.74 billion, a price-to-earnings ratio of 30.23, a PEG ratio of 1.28 and a beta of 1.02. Texas Roadhouse, Inc. has a 52 week low of $130.15 and a 52 week high of $206.04. The stock has a fifty day moving average of $183.66 and a 200-day moving average of $179.95.

Insider Activity

In other news, CTO Hernan E. Mujica sold 1,500 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the sale, 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 position. The transaction 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 transaction of $245,860.20. Following the transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at $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.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TXRH shares. UBS Group lifted their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Wedbush reiterated an “outperform” rating and set a $200.00 price target on shares of Texas Roadhouse in a report on Thursday, December 19th. Loop Capital lowered their price target on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Truist Financial lifted their target price on Texas Roadhouse from $207.00 to $209.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $200.00 price target on shares of Texas Roadhouse in a research note on Thursday, January 16th. Thirteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.