Empowered Funds LLC Acquires 12,821 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Empowered Funds LLC grew its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 13.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 111,412 shares of the restaurant operator’s stock after acquiring an additional 12,821 shares during the quarter. Empowered Funds LLC’s holdings in Texas Roadhouse were worth $20,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

TXRH has been the topic of several recent research reports. Barclays upped their price objective on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Morgan Stanley raised shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $205.00 to $213.00 in a report on Tuesday, January 21st. Wedbush reiterated an “outperform” rating and set a $200.00 price target on shares of Texas Roadhouse in a research report on Thursday, December 19th. Robert W. Baird upped their price target on Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, BMO Capital Markets upped their price target on Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. 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 data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $191.26.

Insiders Place Their Bets

In other news, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at $1,794,600. The trade was a 12.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the transaction, the director now directly owns 3,532 shares in the company, valued at approximately $691,071.12. The trade was a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,480 shares of company stock valued at $668,603. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Performance

NASDAQ TXRH opened at $175.96 on Friday. Texas Roadhouse, Inc. has a one year low of $130.15 and a one year high of $206.04. The stock has a 50-day moving average of $183.66 and a 200 day moving average of $179.90. The company has a market capitalization of $11.74 billion, a price-to-earnings ratio of 30.23, a PEG 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.