MGB Wealth Management LLC Buys 152 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

MGB Wealth Management LLC increased its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,518 shares of the restaurant operator’s stock after buying an additional 152 shares during the period. MGB Wealth Management LLC’s holdings in Texas Roadhouse were worth $1,536,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of TXRH. Kingsview Wealth Management LLC lifted its holdings in shares of Texas Roadhouse by 3.1% during the third quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator’s stock worth $313,000 after buying an additional 54 shares in the last quarter. Lifestyle Asset Management Inc. boosted its holdings in Texas Roadhouse by 3.9% in the 4th quarter. Lifestyle Asset Management Inc. now owns 1,603 shares of the restaurant operator’s stock valued at $289,000 after purchasing an additional 60 shares during the period. CIBC Asset Management Inc grew its position in shares of Texas Roadhouse by 3.3% during the 3rd quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator’s stock worth $345,000 after purchasing an additional 62 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased 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 during the period. Finally, Insight Wealth Partners LLC increased its holdings in shares of Texas Roadhouse by 3.9% during the third quarter. Insight Wealth Partners LLC now owns 1,818 shares of the restaurant operator’s stock worth $321,000 after purchasing an additional 68 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Stock Down 1.3 %

Texas Roadhouse stock opened at $168.52 on Thursday. Texas Roadhouse, Inc. has a 52-week low of $130.15 and a 52-week high of $206.04. The company has a market cap of $11.24 billion, a P/E ratio of 28.96, a P/E/G ratio of 1.28 and a beta of 1.02. The business has a 50-day simple moving average of $182.66 and a two-hundred day simple moving average of $180.12.

Insiders Place Their Bets

In related news, insider Christopher C. Colson sold 1,370 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the sale, the insider now owns 10,000 shares of the company’s stock, valued at $1,794,600. This represents a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on TXRH. Barclays raised their target price 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 boosted their target price for the stock from $205.00 to $213.00 in a research note on Tuesday, January 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $200.00 price objective on shares of Texas Roadhouse in a research note on Thursday, January 16th. UBS Group increased their price target on Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Bank of America raised their target price on Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Thirteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Texas Roadhouse presently has an average rating of “Hold” and an average price target of $191.26.

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.