Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Texas Roadhouse Inc (NASDAQ:TXRH) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,499 shares of the restaurant operator’s stock after buying an additional 313 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Texas Roadhouse were worth $269,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Bank of Montreal Can boosted its holdings in shares of Texas Roadhouse by 8.7% during the fourth quarter. Bank of Montreal Can now owns 2,100 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 168 shares during the period. Paradigm Asset Management Co. LLC boosted its holdings in shares of Texas Roadhouse by 10.0% during the third quarter. Paradigm Asset Management Co. LLC now owns 2,750 shares of the restaurant operator’s stock worth $191,000 after purchasing an additional 250 shares during the period. Strs Ohio boosted its holdings in shares of Texas Roadhouse by 8.5% during the fourth quarter. Strs Ohio now owns 10,200 shares of the restaurant operator’s stock worth $608,000 after purchasing an additional 800 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Texas Roadhouse by 5.9% during the third quarter. Thrivent Financial for Lutherans now owns 15,848 shares of the restaurant operator’s stock worth $1,098,000 after purchasing an additional 878 shares during the period. Finally, Legal & General Group Plc lifted its holdings in Texas Roadhouse by 1.3% in the third quarter. Legal & General Group Plc now owns 70,237 shares of the restaurant operator’s stock worth $4,866,000 after buying an additional 928 shares during the period. 91.93% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have commented on the stock. Maxim Group raised their price objective on shares of Texas Roadhouse from $67.00 to $72.00 and gave the stock a “hold” rating in a report on Thursday, October 25th. BidaskClub lowered shares of Texas Roadhouse from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 4th. Stifel Nicolaus lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a report on Tuesday, January 22nd. Goldman Sachs Group upgraded shares of Texas Roadhouse from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $64.00 to $72.00 in a report on Friday, January 11th. Finally, Royal Bank of Canada lowered their price objective on shares of Texas Roadhouse to $66.00 and set an “outperform” rating for the company in a report on Tuesday, October 30th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $65.00.

Shares of TXRH traded up $0.59 on Monday, hitting $63.47. 1,205 shares of the stock traded hands, compared to its average volume of 738,011. The company has a market capitalization of $4.54 billion, a P/E ratio of 32.23, a price-to-earnings-growth ratio of 2.11 and a beta of 0.71. Texas Roadhouse Inc has a one year low of $53.05 and a one year high of $75.24.

In related news, President Scott Matthew Colosi sold 6,741 shares of the firm’s stock in a transaction that occurred on Wednesday, January 9th. The shares were sold at an average price of $63.22, for a total transaction of $426,166.02. Following the completion of the sale, the president now owns 68,202 shares of the company’s stock, valued at $4,311,730.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.89% of the stock is owned by company insiders.

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Texas Roadhouse Company Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of October 29, 2018, it owned and operated approximately 575 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

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Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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