Curi RMB Capital LLC Invests $9.39 Million in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Curi RMB Capital LLC purchased a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 52,022 shares of the restaurant operator's stock, valued at approximately $9,386,000. Curi RMB Capital LLC owned approximately 0.08% of Texas Roadhouse at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TXRH. Cornerstone Investment Partners LLC boosted its holdings in Texas Roadhouse by 2.7% in the fourth quarter. Cornerstone Investment Partners LLC now owns 2,159 shares of the restaurant operator's stock worth $390,000 after purchasing an additional 56 shares during the period. Lifestyle Asset Management Inc. lifted its position in shares of Texas Roadhouse by 3.9% in the 4th quarter. Lifestyle Asset Management Inc. now owns 1,603 shares of the restaurant operator's stock worth $289,000 after buying an additional 60 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Texas Roadhouse by 32.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock valued at $48,000 after buying an additional 65 shares during the period. Trek Financial LLC grew its position in shares of Texas Roadhouse by 5.9% during the 4th quarter. Trek Financial LLC now owns 1,407 shares of the restaurant operator's stock valued at $254,000 after buying an additional 79 shares during the last quarter. Finally, Central Pacific Bank Trust Division raised its stake in Texas Roadhouse by 9.1% during the fourth quarter. Central Pacific Bank Trust Division now owns 960 shares of the restaurant operator's stock worth $173,000 after acquiring an additional 80 shares during the period. 94.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on TXRH. Citigroup upped their target price on Texas Roadhouse from $212.00 to $213.00 and gave the company a "buy" rating in a report on Friday, February 21st. Gordon Haskett lowered Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 target price on the stock. in a research report on Wednesday, January 8th. Royal Bank of Canada decreased their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a research report on Friday, February 21st. Stifel Nicolaus reduced their price objective on Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating for the company in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. lowered their target price on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Texas Roadhouse currently has an average rating of "Moderate Buy" and a consensus price target of $194.62.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Curtis Warfield sold 4,190 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $178.80, for a total transaction of $749,172.00. Following the sale, the director now owns 10,082 shares in the company, valued at $1,802,661.60. The trade was a 29.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Regina A. Tobin sold 3,154 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total transaction of $585,508.56. Following the completion of the transaction, the president now directly owns 18,414 shares of the company's stock, valued at $3,418,374.96. This represents a 14.62 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,535 shares of company stock valued at $2,952,507. 0.50% of the stock is currently owned by corporate insiders.

Texas Roadhouse Stock Up 2.2 %

Texas Roadhouse stock traded up $3.43 during mid-day trading on Tuesday, hitting $162.95. The company's stock had a trading volume of 1,525,930 shares, compared to its average volume of 876,508. The stock has a market capitalization of $10.83 billion, a P/E ratio of 25.19, a P/E/G ratio of 1.23 and a beta of 0.88. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $206.04. The stock's fifty day moving average price is $170.18 and its two-hundred day moving average price is $180.33.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.66 by $0.07. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The business had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.41 billion. Equities analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.67%. The ex-dividend date was Tuesday, March 18th. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's payout ratio is presently 42.04%.

About Texas Roadhouse

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.