Comprehensive Financial Planning Inc. PA Makes New $160,000 Investment in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Comprehensive Financial Planning Inc. PA purchased a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 889 shares of the restaurant operator’s stock, valued at approximately $160,000.

Other hedge funds have also recently made changes to their positions in the company. True Wealth Design LLC purchased a new stake in shares of Texas Roadhouse in the third quarter worth $30,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Texas Roadhouse in the 4th quarter worth about $30,000. PSI Advisors LLC raised its holdings in shares of Texas Roadhouse by 70.8% in the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after acquiring an additional 75 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Texas Roadhouse by 118.6% during the 3rd quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 140 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Texas Roadhouse by 32.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 65 shares in the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Texas Roadhouse Stock Performance

TXRH opened at $175.96 on Monday. Texas Roadhouse, Inc. has a 52-week low of $130.15 and a 52-week high of $206.04. The stock has a market capitalization of $11.74 billion, a PE ratio of 30.23, a price-to-earnings-growth ratio of 1.28 and a beta of 1.02. The stock’s 50 day moving average price is $183.66 and its 200-day moving average price is $179.95.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $200.00 target price on shares of Texas Roadhouse in a research note on Thursday, January 16th. Truist Financial raised their price objective on shares of Texas Roadhouse from $207.00 to $209.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Wedbush reiterated an “outperform” rating and issued a $200.00 target price on shares of Texas Roadhouse in a research report on Thursday, December 19th. Robert W. Baird increased their target price on Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Evercore ISI lifted their price target on Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Thirteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Roadhouse currently has an average rating of “Hold” and a consensus price target of $191.26.

Insider Buying and Selling

In other news, insider Christopher C. Colson sold 1,370 shares of the stock in a transaction that occurred on 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 owns 10,000 shares of the company’s stock, valued at approximately $1,794,600. This represents a 12.05 % decrease in their position. The sale 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 Texas Roadhouse stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the sale, the chief technology officer now owns 16,342 shares in the company, valued at $3,305,332.92. This represents a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

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.