Texas Roadhouse, Inc. $TXRH Shares Purchased by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board grew its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 44.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,334 shares of the restaurant operator’s stock after buying an additional 8,667 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Texas Roadhouse were worth $4,708,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Symphony Financial Ltd. Co. purchased a new position in Texas Roadhouse in the second quarter valued at approximately $28,465,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Texas Roadhouse by 2,515.2% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 417,045 shares of the restaurant operator’s stock valued at $78,158,000 after acquiring an additional 401,098 shares during the period. Caprock Group LLC acquired a new position in shares of Texas Roadhouse during the 3rd quarter valued at $1,070,000. Westfield Capital Management Co. LP boosted its position in Texas Roadhouse by 0.5% during the 2nd quarter. Westfield Capital Management Co. LP now owns 705,622 shares of the restaurant operator’s stock worth $132,241,000 after purchasing an additional 3,574 shares during the period. Finally, Bfsg LLC increased its holdings in Texas Roadhouse by 111.1% in the 3rd quarter. Bfsg LLC now owns 29,798 shares of the restaurant operator’s stock valued at $4,951,000 after purchasing an additional 15,682 shares in the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related 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 in the company, valued at approximately $17,987,704. This trade represents a 5.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregory N. Moore sold 1,400 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $170.00, for a total value of $238,000.00. Following the completion of the sale, the director directly owned 32,150 shares of the company’s stock, valued at approximately $5,465,500. This represents a 4.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 12,400 shares of company stock valued at $2,320,920 in the last ninety days. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Trading Down 0.0%

Shares of NASDAQ:TXRH opened at $186.87 on Thursday. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $199.99. The firm has a market cap of $12.36 billion, a PE ratio of 28.57, a price-to-earnings-growth ratio of 3.05 and a beta of 0.88. The company has a fifty day simple moving average of $180.29 and a 200 day simple moving average of $173.52.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TXRH. Wall Street Zen downgraded Texas Roadhouse from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. Truist Financial set a $188.00 price target on Texas Roadhouse and gave the stock a “hold” rating in a report on Tuesday, February 10th. Zacks Research raised shares of Texas Roadhouse from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 8th. Stephens reduced 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. Finally, UBS Group restated a “buy” rating on shares of Texas Roadhouse in a research note on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.