State of New Jersey Common Pension Fund D Has $4.23 Million Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

State of New Jersey Common Pension Fund D lowered its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,459 shares of the restaurant operator’s stock after selling 337 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Texas Roadhouse were worth $4,233,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TXRH. Kingsview Wealth Management LLC grew its position in Texas Roadhouse by 3.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator’s stock worth $313,000 after purchasing an additional 54 shares during the last quarter. Lifestyle Asset Management Inc. lifted its stake in shares of Texas Roadhouse by 3.9% in the fourth quarter. Lifestyle Asset Management Inc. now owns 1,603 shares of the restaurant operator’s stock valued at $289,000 after buying an additional 60 shares during the period. CIBC Asset Management Inc grew its position in Texas Roadhouse by 3.3% during the third quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator’s stock worth $345,000 after buying an additional 62 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Texas Roadhouse by 32.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock valued at $48,000 after acquiring an additional 65 shares during the period. Finally, Insight Wealth Partners LLC raised its holdings in Texas Roadhouse by 3.9% in the 3rd quarter. Insight Wealth Partners LLC now owns 1,818 shares of the restaurant operator’s stock valued at $321,000 after acquiring an additional 68 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TXRH. Wedbush reissued an “outperform” rating and set a $200.00 price objective on shares of Texas Roadhouse in a report on Thursday, December 19th. Royal Bank of Canada reissued a “sector perform” rating and issued a $200.00 price target on shares of Texas Roadhouse in a report on Thursday, January 16th. Gordon Haskett downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective for the company. in a report on Wednesday, January 8th. Barclays lifted their target price on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Finally, Truist Financial increased 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 research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $190.83.

Insider Activity

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of the company’s 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is owned by insiders.

Texas Roadhouse Trading Down 1.9 %

TXRH opened at $174.02 on Thursday. Texas Roadhouse, Inc. has a 1-year low of $144.82 and a 1-year high of $206.04. The stock has a market capitalization of $11.61 billion, a PE ratio of 29.90, a PEG ratio of 1.23 and a beta of 1.02. The firm has a 50-day moving average price of $179.94 and a two-hundred day moving average price of $180.08.

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.