New York State Common Retirement Fund Has $33.63 Million Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

New York State Common Retirement Fund decreased its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.4% in the fourth quarter, HoldingsChannel reports. The firm owned 186,409 shares of the restaurant operator’s stock after selling 4,500 shares during the period. New York State Common Retirement Fund’s holdings in Texas Roadhouse were worth $33,634,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Venturi Wealth Management LLC acquired a new position in shares of Texas Roadhouse in the 4th quarter valued at $152,000. Truist Financial Corp boosted its position in shares of Texas Roadhouse by 1.0% in the 4th quarter. Truist Financial Corp now owns 49,799 shares of the restaurant operator’s stock valued at $8,985,000 after purchasing an additional 516 shares during the period. CIBC Asset Management Inc boosted its position in shares of Texas Roadhouse by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 2,052 shares of the restaurant operator’s stock valued at $370,000 after purchasing an additional 100 shares during the period. Montag A & Associates Inc. boosted its position in shares of Texas Roadhouse by 99.3% in the 4th quarter. Montag A & Associates Inc. now owns 3,011 shares of the restaurant operator’s stock valued at $543,000 after purchasing an additional 1,500 shares during the period. Finally, Valeo Financial Advisors LLC boosted its position in Texas Roadhouse by 3.7% during the 4th quarter. Valeo Financial Advisors LLC now owns 2,688 shares of the restaurant operator’s stock worth $485,000 after acquiring an additional 97 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Trading Down 1.4 %

NASDAQ TXRH opened at $171.57 on Friday. The stock has a 50-day simple moving average of $179.58 and a 200 day simple moving average of $180.02. The company has a market capitalization of $11.45 billion, a PE ratio of 29.48, a P/E/G ratio of 1.28 and a beta of 1.02. Texas Roadhouse, Inc. has a 12 month low of $144.82 and a 12 month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. As a group, sell-side analysts predict that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TXRH has been the subject of a number of research reports. Gordon Haskett lowered Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective for the company. in a research report on Wednesday, January 8th. Morgan Stanley upgraded Texas Roadhouse from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $205.00 to $213.00 in a research report on Tuesday, January 21st. UBS Group raised their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. The Goldman Sachs Group initiated coverage on Texas Roadhouse in a research report on Thursday, December 5th. They set a “neutral” rating and a $213.00 price objective for the company. Finally, Stifel Nicolaus decreased their price objective on Texas Roadhouse from $195.00 to $185.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $193.32.

Insider Buying and Selling at Texas Roadhouse

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 stock was sold at an average price of $179.46, for a total value 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 approximately $1,794,600. The trade was a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.50% of the company’s stock.

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.