ING Groep NV Purchases New Stake in Texas Roadhouse, Inc. $TXRH

ING Groep NV bought a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,400 shares of the restaurant operator’s stock, valued at approximately $1,396,000.

Several other institutional investors have also added to or reduced their stakes in TXRH. Caldwell Trust Co acquired a new stake in shares of Texas Roadhouse during the second quarter worth $28,000. Root Financial Partners LLC acquired a new stake in shares of Texas Roadhouse in the 3rd quarter valued at $36,000. Salomon & Ludwin LLC boosted its stake in Texas Roadhouse by 37.2% in the third quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock valued at $50,000 after buying an additional 81 shares in the last quarter. LRI Investments LLC boosted its stake in shares of Texas Roadhouse by 100.0% in the 3rd quarter. LRI Investments LLC now owns 300 shares of the restaurant operator’s stock valued at $50,000 after purchasing an additional 150 shares in the last quarter. Finally, Bogart Wealth LLC grew its stake in shares of Texas Roadhouse by 51.5% during the second quarter. Bogart Wealth LLC now owns 303 shares of the restaurant operator’s stock worth $57,000 after buying an additional 103 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Stock Down 0.6%

Texas Roadhouse stock opened at $180.90 on Friday. The firm has a 50 day moving average price of $179.13 and a 200-day moving average price of $173.60. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $199.99. The company has a market capitalization of $11.97 billion, a P/E ratio of 27.66, a P/E/G ratio of 2.97 and a beta of 0.88.

Insider Buying and Selling

In related news, Director Gregory N. Moore sold 1,400 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $170.00, for a total value of $238,000.00. Following the sale, the director directly owned 32,150 shares in the company, valued at approximately $5,465,500. The trade was a 4.17% decrease in their position. 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 business’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $196.00, for a total transaction of $980,000.00. Following the completion of the sale, 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 position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 12,400 shares of company stock valued at $2,320,920. 0.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Zacks Research raised Texas Roadhouse from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 8th. Wall Street Zen lowered Texas Roadhouse from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. Morgan Stanley boosted their target price on shares of Texas Roadhouse from $205.00 to $208.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. TD Cowen assumed coverage on Texas Roadhouse in a report on Tuesday, January 20th. They issued a “buy” rating and a $215.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Texas Roadhouse in a research note on Monday, December 29th. One 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. According to MarketBeat, Texas Roadhouse has an average rating of “Moderate Buy” and a consensus price target of $196.57.

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.