Portfolio Design Labs LLC Has $2.48 Million Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Portfolio Design Labs LLC boosted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 52.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,736 shares of the restaurant operator’s stock after buying an additional 4,705 shares during the period. Portfolio Design Labs LLC’s holdings in Texas Roadhouse were worth $2,478,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of TXRH. FMR LLC grew its position in shares of 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 purchasing an additional 403,720 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Texas Roadhouse by 76.0% during the 3rd 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 acquired a new position in shares of Texas Roadhouse during the 3rd quarter worth approximately $66,609,000. Fiera Capital Corp acquired a new position in shares of Texas Roadhouse during the 3rd quarter worth approximately $41,670,000. Finally, Bank of Montreal Can grew its position in shares of Texas Roadhouse by 2,216.1% during the 3rd quarter. Bank of Montreal Can now owns 176,280 shares of the restaurant operator’s stock worth $30,831,000 after purchasing an additional 168,669 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insider Activity

In other news, insider Christopher C. Colson sold 1,370 shares of the firm’s stock in a transaction on 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 owns 10,000 shares of the company’s stock, valued at approximately $1,794,600. This trade represents 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. Also, CTO Hernan E. Mujica sold 1,500 shares of the stock in a transaction 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 sale, the chief technology officer now 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. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Performance

TXRH stock opened at $170.77 on Wednesday. The company has a fifty day moving average price of $183.17 and a 200-day moving average price of $180.11. The company has a market capitalization of $11.39 billion, a P/E ratio of 29.34, 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.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Truist Financial increased their target price 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. Stifel Nicolaus upped their price target on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Bank of America upped their price target on shares of Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Robert W. Baird upped their price target on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, UBS Group upped their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Thirteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Texas Roadhouse currently has an average rating of “Hold” and a consensus price target of $191.26.

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.