MGB Wealth Management LLC Has $1.54 Million Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

MGB Wealth Management LLC boosted its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,518 shares of the restaurant operator’s stock after acquiring an additional 152 shares during the period. MGB Wealth Management LLC’s holdings in Texas Roadhouse were worth $1,536,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TXRH. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Texas Roadhouse in the 4th quarter valued at about $30,000. True Wealth Design LLC bought a new position in Texas Roadhouse during the 3rd quarter worth approximately $30,000. PSI Advisors LLC grew its holdings in Texas Roadhouse by 70.8% during the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 75 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in Texas Roadhouse by 32.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock valued at $48,000 after purchasing an additional 65 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in Texas Roadhouse by 158.1% in the third quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator’s stock worth $53,000 after purchasing an additional 185 shares during the period. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Trading Down 1.3 %

NASDAQ TXRH opened at $168.52 on Thursday. Texas Roadhouse, Inc. has a 12 month low of $130.15 and a 12 month high of $206.04. The stock has a 50 day moving average of $182.66 and a 200-day moving average of $180.12. The company has a market cap of $11.24 billion, a PE ratio of 28.96, a PEG ratio of 1.28 and a beta of 1.02.

Insiders Place Their Bets

In related news, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction dated Friday, January 10th. The stock was 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 in the company, 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 document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TXRH shares. The Goldman Sachs Group initiated coverage on shares of Texas Roadhouse in a report on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price target for the company. Bank of America boosted their target price on Texas Roadhouse from $206.00 to $234.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Truist Financial increased their price target on Texas Roadhouse from $207.00 to $209.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Robert W. Baird lifted their price objective on Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, UBS Group increased their target price on Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Thirteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.