Montag A & Associates Inc. Buys 1,500 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Montag A & Associates Inc. raised its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 99.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,011 shares of the restaurant operator’s stock after purchasing an additional 1,500 shares during the quarter. Montag A & Associates Inc.’s holdings in Texas Roadhouse were worth $543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Planning raised its stake in shares of Texas Roadhouse by 81.9% during the third quarter. Creative Planning now owns 17,389 shares of the restaurant operator’s stock worth $3,071,000 after acquiring an additional 7,827 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Texas Roadhouse by 209.9% in the 3rd quarter. Blue Trust Inc. now owns 471 shares of the restaurant operator’s stock valued at $81,000 after acquiring an additional 319 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Texas Roadhouse by 74.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 159,553 shares of the restaurant operator’s stock valued at $28,177,000 after acquiring an additional 67,848 shares during the last quarter. Signaturefd LLC boosted its holdings in Texas Roadhouse by 6.7% during the 3rd quarter. Signaturefd LLC now owns 2,010 shares of the restaurant operator’s stock valued at $355,000 after acquiring an additional 127 shares during the period. Finally, Lecap Asset Management Ltd. bought a new position in Texas Roadhouse during the 3rd quarter worth approximately $810,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Wall Street Analysts Forecast Growth

TXRH has been the subject of a number of analyst reports. The Goldman Sachs Group initiated coverage on Texas Roadhouse in a research note on Thursday, December 5th. They set a “neutral” rating and a $213.00 price objective for the company. Bank of America increased their price target on shares of Texas Roadhouse from $206.00 to $234.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. UBS Group boosted their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Loop Capital dropped their target price on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a report on Monday, October 28th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $200.00 price target on shares of Texas Roadhouse in a report on Thursday, January 16th. Thirteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $190.83.

Insider Buying and Selling at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $179.46, for a total value 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 trade represents a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $171.70 on Tuesday. Texas Roadhouse, Inc. has a one year low of $132.28 and a one year high of $206.04. The stock has a fifty day moving average of $181.04 and a 200 day moving average of $180.05. The stock has a market cap of $11.45 billion, a PE ratio of 29.50, a price-to-earnings-growth ratio of 1.28 and a beta of 1.02.

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.