Caprock Group LLC Acquires Shares of 6,202 Texas Roadhouse, Inc. $TXRH

Caprock Group LLC acquired a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,202 shares of the restaurant operator’s stock, valued at approximately $1,070,000.

A number of other institutional investors and hedge funds have also bought and sold shares of TXRH. ING Groep NV acquired a new position in shares of Texas Roadhouse in the third quarter valued at about $1,396,000. Rhumbline Advisers lifted its stake in Texas Roadhouse by 0.5% in the 3rd quarter. Rhumbline Advisers now owns 197,227 shares of the restaurant operator’s stock valued at $32,769,000 after purchasing an additional 992 shares during the last quarter. Krilogy Financial LLC bought a new stake in shares of Texas Roadhouse during the third quarter worth $831,000. Summit Asset Management LLC lifted its stake in shares of Texas Roadhouse by 29.9% in the 3rd quarter. Summit Asset Management LLC now owns 2,174 shares of the restaurant operator’s stock valued at $361,000 after acquiring an additional 500 shares during the last quarter. Finally, Johnson Investment Counsel Inc. boosted its holdings in shares of Texas Roadhouse by 0.9% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 13,581 shares of the restaurant operator’s stock valued at $2,257,000 after acquiring an additional 119 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Trading Down 0.6%

NASDAQ TXRH opened at $180.90 on Monday. The company has a market cap of $11.97 billion, a P/E ratio of 27.66, a PEG ratio of 2.95 and a beta of 0.88. The company has a fifty day simple moving average of $179.13 and a 200 day simple moving average of $173.43. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $199.99.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,400 shares of Texas Roadhouse 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 transaction, the director directly owned 32,150 shares of the company’s stock, valued at $5,465,500. The trade was a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gerald L. Morgan sold 5,000 shares of the company’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $196.00, for a total transaction of $980,000.00. Following the completion of the sale, the chief executive officer owned 91,774 shares of the company’s stock, valued at approximately $17,987,704. The trade was a 5.17% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 12,400 shares of company stock valued at $2,320,920. 0.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on TXRH shares. Stephens cut their target price on shares of Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Citigroup increased their price target on Texas Roadhouse from $175.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Zacks Research raised shares of Texas Roadhouse from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 8th. Morgan Stanley boosted 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. Finally, The Goldman Sachs Group boosted their target price on shares of Texas Roadhouse from $175.00 to $200.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus 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.