Hendershot Investments Inc. Has $8.30 Million Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Hendershot Investments Inc. lowered its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,978 shares of the restaurant operator’s stock after selling 2,914 shares during the period. Hendershot Investments Inc. owned 0.07% of Texas Roadhouse worth $8,296,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TXRH. Golden State Wealth Management LLC acquired a new stake in shares of Texas Roadhouse during the 4th quarter valued at $327,000. Sumitomo Mitsui Trust Group Inc. raised its position in Texas Roadhouse by 2.0% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,321 shares of the restaurant operator’s stock valued at $2,404,000 after purchasing an additional 267 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Texas Roadhouse during the fourth quarter valued at about $30,000. Mather Group LLC. grew its holdings in shares of Texas Roadhouse by 20.1% during the fourth quarter. Mather Group LLC. now owns 717 shares of the restaurant operator’s stock worth $129,000 after purchasing an additional 120 shares during the last quarter. Finally, Longboard Asset Management LP acquired a new position in shares of Texas Roadhouse in the fourth quarter valued at approximately $246,000. Institutional investors own 94.82% of the company’s stock.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the transaction, the chief technology officer now owns 16,342 shares in the company, valued at approximately $3,305,332.92. The trade was a 8.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher C. Colson sold 1,370 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $179.46, for a total value of $245,860.20. Following the completion of the sale, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $1,794,600. This trade represents a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,480 shares of company stock valued at $668,603 over the last ninety days. 0.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on TXRH. Stifel Nicolaus lifted their target price on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Gordon Haskett cut shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective on the stock. in a research note on Wednesday, January 8th. BMO Capital Markets raised their target price on Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Loop Capital reduced their price target on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Finally, The Goldman Sachs Group started coverage on Texas Roadhouse in a research report on Thursday, December 5th. They set a “neutral” rating and a $213.00 price objective for the company. Thirteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $191.26.

Texas Roadhouse Stock Performance

TXRH stock opened at $175.96 on Friday. Texas Roadhouse, Inc. has a fifty-two week low of $130.15 and a fifty-two week high of $206.04. The stock’s 50 day simple moving average is $184.25 and its 200 day simple moving average is $179.88. The company has a market cap of $11.74 billion, a P/E ratio of 30.23, a price-to-earnings-growth ratio of 1.28 and a beta of 1.02.

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.