Riggs Asset Managment Co. Inc. Buys 12,443 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Riggs Asset Managment Co. Inc. boosted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 414,766.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,446 shares of the restaurant operator's stock after purchasing an additional 12,443 shares during the quarter. Riggs Asset Managment Co. Inc.'s holdings in Texas Roadhouse were worth $2,074,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. OneDigital Investment Advisors LLC lifted its position in Texas Roadhouse by 3.3% during the first quarter. OneDigital Investment Advisors LLC now owns 3,215 shares of the restaurant operator's stock valued at $536,000 after buying an additional 102 shares in the last quarter. Mutual Advisors LLC lifted its position in shares of Texas Roadhouse by 28.5% during the first quarter. Mutual Advisors LLC now owns 2,500 shares of the restaurant operator's stock worth $404,000 after purchasing an additional 554 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Texas Roadhouse by 0.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 13,627 shares of the restaurant operator's stock worth $2,271,000 after purchasing an additional 66 shares in the last quarter. Keybank National Association OH lifted its position in shares of Texas Roadhouse by 142.1% during the first quarter. Keybank National Association OH now owns 5,269 shares of the restaurant operator's stock worth $878,000 after purchasing an additional 3,093 shares in the last quarter. Finally, Monument Capital Management acquired a new position in shares of Texas Roadhouse during the first quarter worth $2,683,000. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Texas Roadhouse Stock Down 0.9%

Texas Roadhouse stock traded down $1.68 during mid-day trading on Wednesday, hitting $186.57. 580,592 shares of the company were exchanged, compared to its average volume of 938,273. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $206.04. The company has a market capitalization of $12.38 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 2.49 and a beta of 0.87. The business has a fifty day moving average of $187.68 and a 200 day moving average of $178.60.

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

Texas Roadhouse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio (DPR) is currently 41.98%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TXRH shares. Wedbush boosted their target price on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock an "outperform" rating in a research report on Friday, March 28th. Citigroup lowered shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $213.00 to $164.00 in a research report on Wednesday, April 23rd. UBS Group upped their price objective on shares of Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Friday, June 6th. JPMorgan Chase & Co. cut their price target on shares of Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Finally, Stifel Nicolaus reduced their price objective on shares of Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $192.05.

Insider Activity at Texas Roadhouse

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