Texas Yale Capital Corp. Has $3.42 Million Position in Texas Roadhouse, Inc. $TXRH

Texas Yale Capital Corp. raised its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 15.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 20,553 shares of the restaurant operator’s stock after purchasing an additional 2,818 shares during the quarter. Texas Yale Capital Corp.’s holdings in Texas Roadhouse were worth $3,415,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Caldwell Trust Co bought a new position in Texas Roadhouse in the 2nd quarter worth $28,000. Root Financial Partners LLC acquired a new stake in shares of Texas Roadhouse in the third quarter valued at about $36,000. Salomon & Ludwin LLC boosted its holdings in Texas Roadhouse by 37.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock valued at $50,000 after purchasing an additional 81 shares during the period. LRI Investments LLC grew its position in Texas Roadhouse by 100.0% in the 3rd quarter. LRI Investments LLC now owns 300 shares of the restaurant operator’s stock worth $50,000 after purchasing an additional 150 shares during the last quarter. Finally, Bogart Wealth LLC increased its holdings in shares of Texas Roadhouse by 51.5% during the 2nd quarter. Bogart Wealth LLC now owns 303 shares of the restaurant operator’s stock worth $57,000 after purchasing an additional 103 shares during the period. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on TXRH. The Goldman Sachs Group increased their target price on shares of Texas Roadhouse from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Barclays raised their price objective on Texas Roadhouse from $170.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Texas Roadhouse in a research note on Monday, December 29th. Truist Financial set a $188.00 price target on shares of Texas Roadhouse and gave the stock a “hold” rating in a research note on Tuesday, February 10th. Finally, UBS Group reiterated a “buy” rating on shares of Texas Roadhouse in a research report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $196.57.

Texas Roadhouse Price Performance

NASDAQ TXRH opened at $180.90 on Monday. The stock’s 50 day simple moving average is $179.13 and its 200 day simple moving average is $173.43. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $199.99. The firm has a market cap of $11.97 billion, a PE ratio of 27.66, a price-to-earnings-growth ratio of 2.95 and a beta of 0.88.

Insider Activity

In other Texas Roadhouse news, Director Hugh J. Carroll sold 1,000 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $167.27, for a total value of $167,270.00. Following the completion of the transaction, the director directly owned 1,854 shares of the company’s stock, valued at approximately $310,118.58. The trade was a 35.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gerald L. Morgan sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $196.00, for a total transaction of $980,000.00. Following the transaction, the chief executive officer owned 91,774 shares in the company, valued at $17,987,704. The trade was a 5.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 12,400 shares of company stock worth $2,320,920. 0.50% of the stock is owned by corporate insiders.

Texas Roadhouse 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.