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

Riggs Asset Managment Co. Inc. grew its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 414,766.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,446 shares of the restaurant operator's stock after buying an additional 12,443 shares during the quarter. Riggs Asset Managment Co. Inc.'s holdings in Texas Roadhouse were worth $2,074,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. OneDigital Investment Advisors LLC grew its position in Texas Roadhouse by 3.3% in the first quarter. OneDigital Investment Advisors LLC now owns 3,215 shares of the restaurant operator's stock valued at $536,000 after purchasing an additional 102 shares in the last quarter. Mutual Advisors LLC grew its holdings in shares of Texas Roadhouse by 28.5% in the 1st quarter. Mutual Advisors LLC now owns 2,500 shares of the restaurant operator's stock valued at $404,000 after acquiring an additional 554 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in 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 acquiring an additional 66 shares in the last quarter. Keybank National Association OH boosted its position in Texas Roadhouse by 142.1% during the first quarter. Keybank National Association OH now owns 5,269 shares of the restaurant operator's stock valued at $878,000 after purchasing an additional 3,093 shares during the last quarter. Finally, Monument Capital Management bought a new position in Texas Roadhouse in the first quarter valued at approximately $2,683,000. Institutional investors own 94.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TXRH shares. Wells Fargo & Company lowered their target price on shares of Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. UBS Group upped their price objective on Texas Roadhouse from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Stephens restated an "equal weight" rating and issued a $170.00 price target on shares of Texas Roadhouse in a research note on Tuesday, June 10th. Robert W. Baird set a $180.00 price target on Texas Roadhouse and gave the company an "outperform" rating in a report on Monday, April 7th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Texas Roadhouse currently has a consensus rating of "Moderate Buy" and an average target price of $192.05.

Texas Roadhouse Trading Down 2.1%

NASDAQ TXRH traded down $4.07 on Monday, hitting $185.39. 220,020 shares of the company's stock were exchanged, compared to its average volume of 1,149,727. The stock has a 50-day moving average of $186.82 and a 200-day moving average of $178.50. The stock has a market cap of $12.30 billion, a price-to-earnings ratio of 28.61, a P/E/G ratio of 2.53 and a beta of 0.87. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04.

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). The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. Texas Roadhouse had a net margin of 7.89% and a return on equity of 32.33%. The business's quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the business earned $1.69 earnings per share. As a group, analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors 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 1.47%. The ex-dividend date of this dividend was Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio is 41.98%.

Insider Activity at Texas Roadhouse

In related news, Director Gregory N. Moore sold 1,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $187.62, for a total transaction of $187,620.00. Following the sale, the director owned 38,050 shares in the company, valued at $7,138,941. The trade was a 2.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Donna E. Epps sold 800 shares of the business's stock in a transaction dated 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 owned 4,632 shares in the company, valued at approximately $863,960.64. This trade represents a 14.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate 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.