Texas Roadhouse, Inc. $TXRH Stock Holdings Boosted by Texas Yale Capital Corp.

Texas Yale Capital Corp. lifted its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 15.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,553 shares of the restaurant operator’s stock after buying an additional 2,818 shares during the period. Texas Yale Capital Corp.’s holdings in Texas Roadhouse were worth $3,415,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of TXRH. Insight Wealth Partners LLC boosted its position in shares of Texas Roadhouse by 4.3% during the 2nd quarter. Insight Wealth Partners LLC now owns 1,855 shares of the restaurant operator’s stock valued at $348,000 after purchasing an additional 76 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Texas Roadhouse by 3.1% during the second quarter. NewEdge Advisors LLC now owns 2,499 shares of the restaurant operator’s stock valued at $468,000 after purchasing an additional 76 shares during the last quarter. Salomon & Ludwin LLC lifted its stake in Texas Roadhouse by 37.2% during the third quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock valued at $50,000 after purchasing an additional 81 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in Texas Roadhouse by 4.4% during the third quarter. Linden Thomas Advisory Services LLC now owns 2,086 shares of the restaurant operator’s stock worth $347,000 after buying an additional 87 shares in the last quarter. Finally, Invesco LLC grew its position in Texas Roadhouse by 4.5% in the third quarter. Invesco LLC now owns 2,086 shares of the restaurant operator’s stock worth $347,000 after buying an additional 89 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Trading Down 0.6%

Shares of NASDAQ TXRH opened at $180.90 on Monday. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $199.99. The business has a 50-day moving average price of $179.13 and a two-hundred day moving average price of $173.43. The firm has a market capitalization of $11.97 billion, a PE ratio of 27.66, a PEG ratio of 2.95 and a beta of 0.88.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TXRH shares. Citigroup increased their price objective on Texas Roadhouse from $175.00 to $190.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Zacks Research upgraded Texas Roadhouse from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 8th. Stephens dropped their price target on Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Morgan Stanley upped their price objective on shares of Texas Roadhouse from $205.00 to $208.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Finally, Royal Bank Of Canada dropped their target price on shares of Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Texas Roadhouse has a consensus rating of “Moderate Buy” and an average price target of $196.57.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Hugh J. Carroll sold 1,000 shares of Texas Roadhouse stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $167.27, for a total transaction of $167,270.00. Following the completion of the sale, the director owned 1,854 shares of the company’s stock, valued at $310,118.58. This trade represents a 35.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Gerald L. Morgan sold 5,000 shares of the stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $196.00, for a total value of $980,000.00. Following the sale, the chief executive officer owned 91,774 shares of the company’s stock, valued at approximately $17,987,704. This represents a 5.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 12,400 shares of company stock valued at $2,320,920. Corporate insiders own 0.50% of the company’s stock.

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.