ING Groep NV Purchases Shares of 8,400 Texas Roadhouse, Inc. $TXRH

ING Groep NV acquired a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,400 shares of the restaurant operator’s stock, valued at approximately $1,396,000.

Several other institutional investors also recently modified their holdings of the stock. Insight Wealth Partners LLC grew its stake in Texas Roadhouse by 4.3% in the 2nd quarter. Insight Wealth Partners LLC now owns 1,855 shares of the restaurant operator’s stock worth $348,000 after buying an additional 76 shares in the last quarter. NewEdge Advisors LLC grew its position in Texas Roadhouse by 3.1% in the second quarter. NewEdge Advisors LLC now owns 2,499 shares of the restaurant operator’s stock worth $468,000 after acquiring an additional 76 shares in the last quarter. Salomon & Ludwin LLC boosted its holdings in shares of Texas Roadhouse by 37.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock worth $50,000 after purchasing an additional 81 shares in the last quarter. Linden Thomas Advisory Services LLC grew its position in Texas Roadhouse by 4.4% during the third quarter. Linden Thomas Advisory Services LLC now owns 2,086 shares of the restaurant operator’s stock valued at $347,000 after acquiring an additional 87 shares during the last quarter. Finally, Invesco LLC grew its holdings in shares of Texas Roadhouse by 4.5% during the 3rd quarter. Invesco LLC now owns 2,086 shares of the restaurant operator’s stock valued at $347,000 after purchasing an additional 89 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TXRH. Citigroup raised their price target on Texas Roadhouse from $175.00 to $190.00 and gave the stock a “neutral” rating in a research report on Monday. Royal Bank Of Canada decreased their price target on shares of Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating for the company in a research note on Friday, November 7th. The Goldman Sachs Group increased their price objective on Texas Roadhouse from $175.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Truist Financial set a $188.00 target price on shares of Texas Roadhouse and gave the company a “hold” rating in a report on Tuesday. Finally, Wells Fargo & Company upped their price target on shares of Texas Roadhouse from $195.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.57.

Texas Roadhouse Stock Down 0.6%

NASDAQ TXRH opened at $180.90 on Friday. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $199.99. The firm has a market capitalization of $11.97 billion, a P/E ratio of 27.66, a PEG ratio of 2.97 and a beta of 0.88. The company has a 50-day moving average price of $179.13 and a 200-day moving average price of $173.60.

Insider Buying and Selling

In other news, Director Hugh J. Carroll sold 1,000 shares of the company’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $167.27, for a total value of $167,270.00. Following the completion of the transaction, the director owned 1,854 shares of the company’s stock, valued at $310,118.58. This represents a 35.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gerald L. Morgan sold 5,000 shares of the 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 sale, the chief executive officer directly owned 91,774 shares of the company’s stock, valued at approximately $17,987,704. This trade represents a 5.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 12,400 shares of company stock valued at $2,320,920. 0.50% of the stock is owned by company insiders.

About Texas Roadhouse

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.