Curi RMB Capital LLC Has $9.21 Million Stock Holdings in Texas Roadhouse, Inc. $TXRH

Key Points

• Curi RMB Capital LLC has increased its stake in Texas Roadhouse, Inc. by 5.9%, now owning 55,108 shares valued at approximately $9.2 million.
• Texas Roadhouse recently announced a quarterly dividend of $0.68 per share, reflecting a dividend yield of 1.6% and a payout ratio of 41.53%.
• The company's stock opened at $169.37 and has a market capitalization of $11.25 billion, with a recent EPS report of $1.86, missing the analysts' expectations.

Curi RMB Capital LLC boosted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 5.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,108 shares of the restaurant operator's stock after buying an additional 3,086 shares during the quarter. Curi RMB Capital LLC owned approximately 0.08% of Texas Roadhouse worth $9,208,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Brooklyn Investment Group raised its stake in shares of Texas Roadhouse by 478.6% in the first quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator's stock worth $27,000 after acquiring an additional 134 shares during the last quarter. Bogart Wealth LLC acquired a new position in Texas Roadhouse during the first quarter worth $33,000. WPG Advisers LLC acquired a new stake in Texas Roadhouse in the first quarter valued at $59,000. Park Place Capital Corp raised its position in shares of Texas Roadhouse by 459.1% in the first quarter. Park Place Capital Corp now owns 369 shares of the restaurant operator's stock valued at $61,000 after purchasing an additional 303 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its position in Texas Roadhouse by 41.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator's stock worth $63,000 after acquiring an additional 112 shares during the period. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on TXRH shares. Bank of America lifted their target price on shares of Texas Roadhouse from $203.00 to $219.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Barclays upped their price objective on shares of Texas Roadhouse from $175.00 to $189.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Stephens upped their price target on Texas Roadhouse from $184.00 to $190.00 and gave the company an "equal weight" rating in a research report on Friday, August 8th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Texas Roadhouse in a research report on Tuesday, July 15th. Finally, UBS Group lifted their price target on shares of Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $197.35.

Texas Roadhouse Stock Performance

NASDAQ TXRH traded down $0.52 on Friday, hitting $168.85. 1,073,340 shares of the stock were exchanged, compared to its average volume of 1,051,833. The firm has a market capitalization of $11.22 billion, a P/E ratio of 25.78, a P/E/G ratio of 2.31 and a beta of 0.84. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $206.04. The stock has a fifty day moving average price of $180.77 and a two-hundred day moving average price of $178.77.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its 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 return on equity of 31.52% and a net margin of 7.72%.The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm posted $1.79 earnings per share. The business's revenue for the quarter was up 12.7% compared to the same quarter last year. Sell-side analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.72 annualized dividend and a yield of 1.6%. Texas Roadhouse's payout ratio is 41.53%.

Insiders Place Their Bets

In related news, President Regina A. Tobin sold 3,153 shares of Texas Roadhouse stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $173.53, for a total value of $547,140.09. Following the sale, the president directly owned 15,261 shares in the company, valued at $2,648,241.33. The trade was a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Hernan E. Mujica sold 2,189 shares of the business's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $172.40, for a total value of $377,383.60. Following the sale, the chief technology officer owned 17,553 shares in the company, valued at approximately $3,026,137.20. The trade was a 11.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,342 shares of company stock valued at $1,443,704 over the last quarter. Company insiders own 0.50% of the company's stock.

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.