New York State Teachers Retirement System Has $15.35 Million Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

New York State Teachers Retirement System cut its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 6.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,098 shares of the restaurant operator’s stock after selling 5,600 shares during the quarter. New York State Teachers Retirement System owned about 0.13% of Texas Roadhouse worth $15,354,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TXRH. FMR LLC lifted its holdings in shares of Texas Roadhouse by 81.6% during the third quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock worth $158,679,000 after buying an additional 403,720 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Texas Roadhouse by 76.0% during the third quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator’s stock worth $157,375,000 after buying an additional 385,998 shares during the last quarter. Erste Asset Management GmbH acquired a new position in shares of Texas Roadhouse in the third quarter valued at $66,609,000. Fiera Capital Corp acquired a new position in shares of Texas Roadhouse in the third quarter valued at $41,670,000. Finally, Bank of Montreal Can raised its stake in shares of Texas Roadhouse by 2,216.1% in the third quarter. Bank of Montreal Can now owns 176,280 shares of the restaurant operator’s stock valued at $30,831,000 after purchasing an additional 168,669 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TXRH has been the subject of a number of recent research reports. Wedbush restated an “outperform” rating and issued a $200.00 target price on shares of Texas Roadhouse in a research note on Thursday, December 19th. Stifel Nicolaus cut their target price on Texas Roadhouse from $195.00 to $185.00 and set a “hold” rating for the company in a research note on Friday. Truist Financial upped their target price on Texas Roadhouse from $207.00 to $209.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Gordon Haskett lowered Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price for the company. in a research note on Wednesday, January 8th. Finally, Morgan Stanley upgraded Texas Roadhouse from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $205.00 to $213.00 in a research note on Tuesday, January 21st. Thirteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $190.83.

Insider Activity at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was 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 in the company, valued at $1,794,600. This trade represents a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Stock Up 0.2 %

Texas Roadhouse stock opened at $171.70 on Monday. The business’s 50-day simple moving average is $181.04 and its 200 day simple moving average is $180.05. The stock has a market cap of $11.45 billion, a price-to-earnings ratio of 29.50, a P/E/G ratio of 1.28 and a beta of 1.02. Texas Roadhouse, Inc. has a 12-month low of $132.28 and a 12-month high of $206.04.

Texas Roadhouse Company 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.