Aberdeen Group plc Sells 50,643 Shares of Texas Roadhouse, Inc. $TXRH

Aberdeen Group plc lessened its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 26.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 138,878 shares of the restaurant operator’s stock after selling 50,643 shares during the period. Aberdeen Group plc owned about 0.21% of Texas Roadhouse worth $23,075,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caldwell Trust Co bought a new position in Texas Roadhouse in the second quarter worth approximately $28,000. Root Financial Partners LLC purchased a new stake in shares of Texas Roadhouse in the 3rd quarter worth $36,000. Salomon & Ludwin LLC raised its holdings in Texas Roadhouse by 37.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock worth $50,000 after purchasing an additional 81 shares during the period. LRI Investments LLC lifted its position in Texas Roadhouse by 100.0% during the third quarter. LRI Investments LLC now owns 300 shares of the restaurant operator’s stock valued at $50,000 after purchasing an additional 150 shares in the last quarter. Finally, Bogart Wealth LLC grew its holdings in Texas Roadhouse by 51.5% during the second quarter. Bogart Wealth LLC now owns 303 shares of the restaurant operator’s stock valued at $57,000 after purchasing an additional 103 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insider Transactions at Texas Roadhouse

In related news, CEO Gerald L. Morgan sold 5,000 shares of the firm’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $196.00, for a total value of $980,000.00. Following the completion of the transaction, the chief executive officer directly owned 91,774 shares of the company’s stock, valued at approximately $17,987,704. This trade represents a 5.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gregory N. Moore sold 1,400 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $170.00, for a total transaction of $238,000.00. Following the sale, the director directly owned 32,150 shares in the company, valued at approximately $5,465,500. The trade was a 4.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 12,400 shares of company stock valued at $2,320,920 in the last ninety days. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Up 3.3%

Shares of TXRH stock opened at $186.90 on Wednesday. The company’s fifty day simple moving average is $179.88 and its two-hundred day simple moving average is $173.43. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $199.99. The stock has a market cap of $12.36 billion, a P/E ratio of 28.58, a PEG ratio of 2.95 and a beta of 0.88.

Wall Street Analysts Forecast Growth

TXRH has been the topic of several recent research reports. TD Cowen assumed coverage on Texas Roadhouse in a research note on Tuesday, January 20th. They issued a “buy” rating and a $215.00 price objective on the stock. BMO Capital Markets lifted their price target on shares of Texas Roadhouse from $155.00 to $170.00 and gave the company a “market perform” rating in a report on Tuesday, January 6th. Morgan Stanley upped their price target on shares of Texas Roadhouse from $205.00 to $208.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. The Goldman Sachs Group raised their price objective on shares of Texas Roadhouse from $175.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. 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 for the company in a report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $196.57.

Texas Roadhouse Company Profile

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.