Monument Capital Management Acquires Shares of 16,103 Texas Roadhouse, Inc. (NASDAQ:TXRH)

Monument Capital Management acquired a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 16,103 shares of the restaurant operator's stock, valued at approximately $2,683,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Texas Roadhouse in the fourth quarter valued at about $155,239,000. Congress Asset Management Co. raised its holdings in shares of Texas Roadhouse by 8,956.4% in the first quarter. Congress Asset Management Co. now owns 465,679 shares of the restaurant operator's stock valued at $77,596,000 after buying an additional 460,537 shares during the last quarter. FMR LLC raised its holdings in shares of Texas Roadhouse by 44.8% in the fourth quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock valued at $234,737,000 after buying an additional 402,465 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of Texas Roadhouse by 255.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 520,352 shares of the restaurant operator's stock valued at $93,888,000 after buying an additional 373,812 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Texas Roadhouse by 19,250.9% in the first quarter. GAMMA Investing LLC now owns 325,095 shares of the restaurant operator's stock valued at $54,171,000 after buying an additional 323,415 shares during the last quarter. 94.82% of the stock is owned by institutional investors.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Donna E. Epps sold 800 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $186.52, for a total value of $149,216.00. Following the sale, the director now owns 4,632 shares in the company, valued at approximately $863,960.64. The trade was a 14.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gregory N. Moore sold 1,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $187.62, for a total value of $187,620.00. Following the completion of the sale, the director now owns 38,050 shares in the company, valued at $7,138,941. The trade was a 2.56% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on TXRH. UBS Group lifted their price objective on Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Stephens reiterated an "equal weight" rating and issued a $170.00 price objective on shares of Texas Roadhouse in a research report on Tuesday, June 10th. Robert W. Baird set a $180.00 price objective on Texas Roadhouse and gave the stock an "outperform" rating in a research report on Monday, April 7th. Wells Fargo & Company lowered their price objective on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Finally, The Goldman Sachs Group lifted their price objective on Texas Roadhouse from $184.00 to $205.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $191.71.

Texas Roadhouse Price Performance

NASDAQ:TXRH opened at $187.74 on Monday. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $206.04. The stock has a market capitalization of $12.45 billion, a PE ratio of 28.97, a price-to-earnings-growth ratio of 2.51 and a beta of 0.89. The business's 50-day simple moving average is $184.11 and its 200-day simple moving average is $178.35.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a net margin of 7.89% and a return on equity of 32.33%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the firm earned $1.69 EPS. The company's revenue for the quarter was up 11.8% on a year-over-year basis. On average, research analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.45%. The ex-dividend date is Tuesday, June 3rd. Texas Roadhouse's payout ratio is 41.98%.

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.

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