WCM Investment Management LLC Lowers Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

WCM Investment Management LLC decreased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 90,982 shares of the restaurant operator’s stock after selling 1,335 shares during the quarter. WCM Investment Management LLC’s holdings in Texas Roadhouse were worth $16,394,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in Texas Roadhouse during the 4th quarter worth about $30,000. True Wealth Design LLC purchased a new stake in shares of Texas Roadhouse in the 3rd quarter worth approximately $30,000. PSI Advisors LLC lifted its position in shares of Texas Roadhouse by 70.8% in the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 75 shares during the period. UMB Bank n.a. boosted its stake in shares of Texas Roadhouse by 118.6% during the third quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 140 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Texas Roadhouse by 32.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock valued at $48,000 after buying an additional 65 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the sale, the insider now directly owns 10,000 shares in the company, valued at approximately $1,794,600. The trade was a 12.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of the stock in a transaction that occurred 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 transaction, the chief technology officer now directly owns 16,342 shares of the company’s stock, valued at $3,305,332.92. The trade was a 8.41 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH opened at $175.96 on Monday. Texas Roadhouse, Inc. has a 1 year low of $130.15 and a 1 year high of $206.04. The company’s fifty day moving average price is $183.66 and its 200 day moving average price is $179.95. The company has a market capitalization of $11.74 billion, a PE ratio of 30.23, a price-to-earnings-growth ratio of 1.28 and a beta of 1.02.

Analyst Ratings Changes

A number of analysts have weighed in on TXRH shares. Morgan Stanley upgraded Texas Roadhouse from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $205.00 to $213.00 in a report on Tuesday, January 21st. Stifel Nicolaus upped their price objective on Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. BMO Capital Markets lifted their target price on Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Truist Financial increased their price target on shares of Texas Roadhouse from $207.00 to $209.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Finally, Loop Capital cut their price objective on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Thirteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Texas Roadhouse presently has an average rating of “Hold” and a consensus target price 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.