Texas Roadhouse News: Fiera Capital Corp Reduces Holdings in TXRH

Institutional Investors Adjust Stakes in Texas Roadhouse

Fiera Capital Corp has reduced its stake in Texas Roadhouse, Inc. (NASDAQ: TXRH), according to the latest Form 13F filing with the Securities and Exchange Commission (SEC). The firm decreased its holdings by 2.1% in the fourth quarter, selling 4,908 shares and leaving it with 231,048 shares. This adjustment brings Fiera Capital Corp’s ownership in Texas Roadhouse to approximately 0.35%, valued at $41,688,000 by the end of the reporting period.

Major Investors Modify Positions in Texas Roadhouse Stock

Beyond Fiera Capital Corp, several other institutional investors have also adjusted their positions in Texas Roadhouse News. State Street Corp increased its holdings by 2.0% during the third quarter, acquiring an additional 38,723 shares and bringing its total stake to 1,982,848 shares, valued at $350,171,000. Geode Capital Management LLC also increased its stake by 1.5%, acquiring 18,126 shares, bringing its total ownership to 1,201,641 shares worth $212,261,000.

Additionally, Barclays PLC significantly increased its investment in Texas Roadhouse News, boosting its holdings by 14.4% during the third quarter. This move added 148,462 shares to their portfolio, bringing the total to 1,180,842 shares valued at $208,539,000. Other institutional investors, such as Geneva Capital Management LLC and FMR LLC, also adjusted their stakes, with FMR LLC increasing its holdings by 81.6%, acquiring an additional 403,720 shares, bringing its total ownership to 898,522 shares worth $158,679,000. Currently, institutional investors hold 94.82% of Texas Roadhouse’s stock. Barclays stock price also saw movement in response to these adjustments, reflecting broader market trends.

Insider Transactions Reveal Shifts in Ownership

In recent Texas Roadhouse News, insider transactions have drawn attention. Christopher C. Colson, an insider, sold 1,370 shares of Texas Roadhouse stock in January at an average price of $179.46 per share, resulting in a total transaction value of $245,860.20. Following this sale, Colson retains 10,000 shares, valued at approximately $1,794,600.

This insider sale reflects a 12.05% decrease in ownership. The transaction was officially disclosed in filings with the Securities and Exchange Commission (SEC), highlighting ongoing Texas Roadhouse News updates related to stockholder movements.

Analysts Provide Updated Ratings and Price Targets

Financial analysts have been actively monitoring Texas Roadhouse stock and adjusting their ratings. Wedbush reaffirmed an “outperform” rating, setting a price objective of $200.00 per share. The Goldman Sachs Group initiated coverage on Texas Roadhouse with a “neutral” rating and a price target of $213.00.

Further analyst updates include Truist Financial, which increased its price target from $207.00 to $209.00, maintaining a “buy” rating. Morgan Stanley upgraded Texas Roadhouse stock from “equal weight” to “overweight,” adjusting its price target from $205.00 to $213.00. Conversely, Loop Capital slightly reduced its price target from $215.00 to $209.00 while maintaining a “buy” rating.

Currently, Texas Roadhouse stock holds a consensus rating of “Hold” with a price target of $191.26, based on an assessment from MarketBeat. Thirteen analysts recommend holding the stock, while twelve suggest buying it, reflecting a mixed sentiment in Texas Roadhouse News.

Texas Roadhouse Stock Performance Trends Upward

Texas Roadhouse stock exhibited a 1.7% increase in value, closing at $171.43 on Thursday. Trading volume reached 965,799 shares, slightly above the average volume of 943,003. The stock's 50-day moving average stands at $182.04, while its 200-day moving average is $180.04.

Currently, Texas Roadhouse, Inc. has a market capitalization of $11.44 billion, a price-to-earnings (P/E) ratio of 29.46, and a P/E/G ratio of 1.28. The stock maintains a beta of 1.02, indicating a moderate correlation with market fluctuations. Over the past year, the stock has seen a low of $130.15 and a high of $206.04, demonstrating its trading range within the sector.

Texas Roadhouse Overview: Expansion and Market Presence

Texas Roadhouse, Inc. operates a chain of casual dining restaurants in the U.S. and internationally. The company, founded in 1993 and headquartered in Louisville, Kentucky, owns and franchises Texas Roadhouse, Bubba’s 33, and Jaggers restaurants across 49 states and ten international markets.

The brand continues to expand, leveraging its strong customer base and growth strategies to solidify its market position. With continued institutional investor support and robust analyst coverage, Texas Roadhouse News remains a key focus for investors monitoring the restaurant stock sector.

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Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice.