Asset Management One Co. Ltd. Has $1.15 Million Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Asset Management One Co. Ltd. reduced its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 14.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,300 shares of the restaurant operator’s stock after selling 1,077 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Texas Roadhouse were worth $1,146,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of TXRH. FMR LLC increased its position in Texas Roadhouse by 81.6% in the 3rd quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock worth $158,679,000 after purchasing an additional 403,720 shares during the last quarter. Franklin Resources Inc. increased its position in Texas Roadhouse by 76.0% in the 3rd quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator’s stock worth $157,375,000 after purchasing an additional 385,998 shares during the last quarter. Erste Asset Management GmbH acquired a new position in Texas Roadhouse in the 3rd quarter worth about $66,609,000. Fiera Capital Corp acquired a new position in Texas Roadhouse in the 3rd quarter worth about $41,670,000. Finally, Bank of Montreal Can increased its holdings in shares of Texas Roadhouse by 2,216.1% during the 3rd quarter. Bank of Montreal Can now owns 176,280 shares of the restaurant operator’s stock valued at $30,831,000 after acquiring an additional 168,669 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Trading Down 1.4 %

Shares of TXRH stock opened at $171.57 on Friday. The stock has a 50 day moving average of $179.58 and a two-hundred day moving average of $180.02. Texas Roadhouse, Inc. has a 12 month low of $144.82 and a 12 month high of $206.04. The company has a market capitalization of $11.45 billion, a P/E ratio of 29.48, a P/E/G ratio of 1.28 and a beta of 1.02.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. Sell-side analysts predict that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. BMO Capital Markets increased their price objective on Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Barclays increased their price objective on Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Truist Financial increased their price objective on Texas Roadhouse from $207.00 to $209.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Morgan Stanley raised Texas Roadhouse from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $205.00 to $213.00 in a report on Tuesday, January 21st. Finally, UBS Group increased their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a report on Friday, October 25th. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $193.32.

Insiders Place Their Bets

In related news, insider Christopher C. Colson sold 1,370 shares of the firm’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 transaction, the insider now owns 10,000 shares in the company, valued at $1,794,600. This trade represents a 12.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.50% of the company’s stock.

About Texas Roadhouse

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.