Curi RMB Capital LLC Acquires 3,086 Shares of Texas Roadhouse, Inc. $TXRH

Curi RMB Capital LLC increased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 5.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 55,108 shares of the restaurant operator’s stock after acquiring an additional 3,086 shares during the period. Curi RMB Capital LLC’s holdings in Texas Roadhouse were worth $9,208,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Axiom Investors LLC DE lifted its stake in shares of Texas Roadhouse by 3,696.7% during the 1st quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock worth $362,221,000 after acquiring an additional 2,116,552 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Texas Roadhouse by 209.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator’s stock worth $268,209,000 after buying an additional 1,089,256 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Texas Roadhouse by 54.3% in the 1st quarter. AQR Capital Management LLC now owns 1,261,587 shares of the restaurant operator’s stock worth $209,840,000 after buying an additional 443,767 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Texas Roadhouse by 9.8% in the 1st quarter. Wellington Management Group LLP now owns 750,479 shares of the restaurant operator’s stock worth $125,052,000 after buying an additional 66,731 shares during the period. Finally, Westfield Capital Management Co. LP lifted its holdings in shares of Texas Roadhouse by 1.3% in the 1st quarter. Westfield Capital Management Co. LP now owns 702,048 shares of the restaurant operator’s stock worth $116,982,000 after buying an additional 8,904 shares during the period. 94.82% of the stock is owned by institutional investors.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $169.37 on Friday. The stock has a 50-day moving average of $181.15 and a two-hundred day moving average of $178.75. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04. The stock has a market cap of $11.25 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 2.34 and a beta of 0.84.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $1.86 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.09). Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the business posted $1.79 earnings per share. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. As a group, sell-side analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd will be paid a $0.68 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. Texas Roadhouse’s dividend payout ratio (DPR) is 41.53%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Morgan Stanley upped their target price on Texas Roadhouse from $200.00 to $205.00 and gave the stock an “overweight” rating in a report on Monday, July 14th. Stifel Nicolaus upped their target price on Texas Roadhouse from $180.00 to $188.00 and gave the stock a “hold” rating in a report on Friday, July 25th. Citigroup upped their target price on Texas Roadhouse from $180.00 to $197.00 and gave the stock a “neutral” rating in a report on Tuesday, July 29th. Guggenheim upped their target price on Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Finally, Stephens upped their price objective on Texas Roadhouse from $184.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $197.35.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 3,000 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $173.06, for a total value of $519,180.00. Following the completion of the sale, the director directly owned 34,550 shares in the company, valued at approximately $5,979,223. This trade represents a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Regina A. Tobin sold 3,153 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $173.53, for a total value of $547,140.09. Following the completion of the sale, the president owned 15,261 shares of the company’s stock, valued at approximately $2,648,241.33. This trade represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,342 shares of company stock worth $1,443,704. 0.50% of the stock is owned by insiders.

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.