Fiera Capital Corp Lowers Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Fiera Capital Corp cut its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 231,048 shares of the restaurant operator’s stock after selling 4,908 shares during the quarter. Fiera Capital Corp’s holdings in Texas Roadhouse were worth $41,688,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TXRH. Hantz Financial Services Inc. raised its holdings in Texas Roadhouse by 8,594.4% in the third quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator’s stock valued at $553,000 after buying an additional 3,094 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in shares of Texas Roadhouse during the 3rd quarter valued at $17,853,000. Victory Capital Management Inc. boosted its position in Texas Roadhouse by 194.9% during the 3rd quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock worth $11,962,000 after purchasing an additional 44,768 shares during the period. First Hawaiian Bank purchased a new stake in Texas Roadhouse during the 4th quarter worth $1,554,000. Finally, Thrivent Financial for Lutherans increased its holdings in Texas Roadhouse by 0.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator’s stock valued at $85,306,000 after purchasing an additional 4,391 shares in the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at $1,794,600. The trade was a 12.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TXRH has been the subject of several analyst reports. Robert W. Baird upped their target price on Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. BMO Capital Markets boosted their price target on Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $200.00 price objective on shares of Texas Roadhouse in a research report on Thursday, January 16th. Barclays boosted their target price on shares of Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Finally, Gordon Haskett lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target for the company. in a report on Wednesday, January 8th. Thirteen 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 has a consensus rating of “Hold” and an average target price of $191.26.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $168.52 on Thursday. Texas Roadhouse, Inc. has a 1 year low of $130.15 and a 1 year high of $206.04. The firm’s 50-day moving average is $182.66 and its 200-day moving average is $180.12. The company has a market cap of $11.24 billion, a P/E ratio of 28.96, a PEG ratio of 1.28 and a beta of 1.02.

Texas Roadhouse 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.