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

Empowered Funds LLC raised its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 13.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 111,412 shares of the restaurant operator’s stock after buying an additional 12,821 shares during the quarter. Empowered Funds LLC owned about 0.17% of Texas Roadhouse worth $20,102,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Kingsview Wealth Management LLC boosted its stake in shares of Texas Roadhouse by 3.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator’s stock valued at $313,000 after purchasing an additional 54 shares in the last quarter. Lifestyle Asset Management Inc. boosted its stake in shares of 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 in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Texas Roadhouse by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator’s stock valued at $345,000 after purchasing an additional 62 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake 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 valued at $48,000 after purchasing an additional 65 shares in the last quarter. Finally, Insight Wealth Partners LLC boosted its stake in shares of Texas Roadhouse by 3.9% in the 3rd quarter. Insight Wealth Partners LLC now owns 1,818 shares of the restaurant operator’s stock valued at $321,000 after purchasing an additional 68 shares in the last quarter. 94.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Loop Capital reduced their price target on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Stifel Nicolaus raised their price target on shares of Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Gordon Haskett downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target on the stock. in a research note on Wednesday, January 8th. Barclays lifted their target price on shares of Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Finally, BMO Capital Markets lifted their target price on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $191.26.

Texas Roadhouse Stock Down 1.4 %

NASDAQ:TXRH opened at $175.96 on Friday. The company has a fifty day moving average of $183.66 and a 200-day moving average of $179.90. The firm has a market capitalization of $11.74 billion, a P/E ratio of 30.23, a P/E/G ratio of 1.28 and a beta of 1.02. Texas Roadhouse, Inc. has a twelve month low of $130.15 and a twelve month high of $206.04.

Insider Activity

In other news, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the completion of the sale, the chief technology officer now owns 16,342 shares in the company, valued at $3,305,332.92. The trade was a 8.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction on Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the completion of the sale, the director now owns 3,532 shares of the company’s stock, valued at $691,071.12. This represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,480 shares of company stock worth $668,603 in the last quarter. 0.50% of the stock is owned by corporate insiders.

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.