Hussman Strategic Advisors Inc. Invests $379,000 in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Hussman Strategic Advisors Inc. acquired a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,100 shares of the restaurant operator’s stock, valued at approximately $379,000.

Several other large investors also recently modified their holdings of TXRH. True Wealth Design LLC acquired a new stake in shares of Texas Roadhouse during the 3rd quarter worth approximately $30,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Texas Roadhouse in the 4th quarter valued at $30,000. PSI Advisors LLC grew its position in Texas Roadhouse by 70.8% in the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 75 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in Texas Roadhouse by 32.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock valued at $48,000 after purchasing an additional 65 shares during the period. Finally, First Horizon Advisors Inc. grew its position in Texas Roadhouse by 158.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator’s stock valued at $53,000 after purchasing an additional 185 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $200.00 price target on shares of Texas Roadhouse in a research report on Thursday, January 16th. Morgan Stanley upgraded Texas Roadhouse from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $205.00 to $213.00 in a research note on Tuesday, January 21st. Wedbush restated an “outperform” rating and set a $200.00 price objective on shares of Texas Roadhouse in a research note on Thursday, December 19th. Robert W. Baird raised their price objective on Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Truist Financial lifted their target price on Texas Roadhouse from $207.00 to $209.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Texas Roadhouse presently has a consensus rating of “Moderate Buy” and an average target price of $193.32.

Insider Activity at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of the company’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 represents a 12.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is owned by corporate insiders.

Texas Roadhouse Stock Performance

Shares of TXRH stock opened at $171.57 on Friday. Texas Roadhouse, Inc. has a fifty-two week low of $144.82 and a fifty-two week high of $206.04. The stock has a 50 day moving average price of $179.58 and a two-hundred day moving average price of $180.02. The company has a market capitalization of $11.45 billion, a P/E ratio of 29.48, a PEG ratio of 1.25 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 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.07. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. As a group, equities analysts predict that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current year.

Texas Roadhouse Company 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.