Krilogy Financial LLC Takes $831,000 Position in Texas Roadhouse, Inc. $TXRH

Krilogy Financial LLC purchased a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,013 shares of the restaurant operator’s stock, valued at approximately $831,000.

Other large investors also recently bought and sold shares of the company. NewEdge Advisors LLC lifted its stake in Texas Roadhouse by 12.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,423 shares of the restaurant operator’s stock worth $404,000 after purchasing an additional 259 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of Texas Roadhouse by 23.3% in the first quarter. Focus Partners Wealth now owns 6,124 shares of the restaurant operator’s stock valued at $1,020,000 after purchasing an additional 1,157 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Texas Roadhouse by 36.0% during the first quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock worth $70,000 after buying an additional 111 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Texas Roadhouse during the second quarter worth $657,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in Texas Roadhouse in the 2nd quarter valued at $501,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Royal Bank Of Canada reduced their price target on Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating on the stock in a report on Friday, November 7th. Wall Street Zen downgraded shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Truist Financial set a $188.00 target price on shares of Texas Roadhouse and gave the company a “hold” rating in a report on Tuesday. BMO Capital Markets raised their price target on shares of Texas Roadhouse from $155.00 to $170.00 and gave the stock a “market perform” rating in a report on Tuesday, January 6th. Finally, The Goldman Sachs Group upped their price objective on Texas Roadhouse from $175.00 to $200.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $196.57.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, CEO Gerald L. Morgan sold 5,000 shares of Texas Roadhouse stock in a transaction dated Tuesday, January 20th. The stock was 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 $17,987,704. The trade was a 5.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Hugh J. Carroll sold 1,000 shares of the business’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $167.27, for a total transaction of $167,270.00. Following the sale, the director owned 1,854 shares in the company, valued at $310,118.58. This trade represents a 35.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 12,400 shares of company stock worth $2,320,920. 0.50% of the stock is currently owned by company insiders.

Texas Roadhouse Stock Down 0.6%

NASDAQ:TXRH opened at $180.90 on Friday. The stock’s fifty day moving average is $179.13 and its two-hundred day moving average is $173.60. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $199.99. The stock has a market capitalization of $11.97 billion, a price-to-earnings ratio of 27.66, a price-to-earnings-growth ratio of 2.97 and a beta of 0.88.

About Texas Roadhouse

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.