Cupps Capital Management buys $9.8 Million stake in Texas Roadhouse Inc (TXRH)

Texas Roadhouse Inc (TXRH) : Cupps Capital Management scooped up 18,081 additional shares in Texas Roadhouse Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 224,791 shares of Texas Roadhouse Inc which is valued at $9.8 Million.Texas Roadhouse Inc makes up approximately 1.94% of Cupps Capital Management’s portfolio.

Other Hedge Funds, Including , Eulav Asset Management reduced its stake in TXRH by selling 7,000 shares or 11.11% in the most recent quarter. The Hedge Fund company now holds 56,000 shares of TXRH which is valued at $2.5 Million. Texas Roadhouse Inc makes up approx 0.14% of Eulav Asset Management’s portfolio.Royce Associates Lp reduced its stake in TXRH by selling 16,000 shares or 7.34% in the most recent quarter. The Hedge Fund company now holds 202,000 shares of TXRH which is valued at $8.8 Million. Texas Roadhouse Inc makes up approx 0.06% of Royce Associates Lp’s portfolio.Comerica Bank boosted its stake in TXRH in the latest quarter, The investment management firm added 647 additional shares and now holds a total of 54,579 shares of Texas Roadhouse Inc which is valued at $2.4 Million. Texas Roadhouse Inc makes up approx 0.02% of Comerica Bank’s portfolio.Oak Ridge Investments reduced its stake in TXRH by selling 32,649 shares or 1.6% in the most recent quarter. The Hedge Fund company now holds 2,009,712 shares of TXRH which is valued at $87.9 Million. Texas Roadhouse Inc makes up approx 2.33% of Oak Ridge Investments’s portfolio.

Texas Roadhouse Inc opened for trading at $43.92 and hit $44.25 on the upside on Friday, eventually ending the session at $44.01, with a gain of 0.73% or 0.32 points. The heightened volatility saw the trading volume jump to 5,78,167 shares. Company has a market cap of $3,094,959 M.

On the company’s financial health, Texas Roadhouse Inc reported $0.50 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on May 2, 2016. Analyst had a consensus of $0.54. The company had revenue of $515.56 million for the quarter, compared to analysts expectations of $516.35 million. The company’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

Many Wall Street Analysts have commented on Texas Roadhouse Inc. Company shares were Reiterated by Telsey Advisory Group on May 3, 2016 to “Outperform”, Firm has raised the Price Target to $ 48 from a previous price target of $44 .Company shares were Reiterated by Deutsche Bank on May 3, 2016 to “Hold”, Firm has raised the Price Target to $ 45 from a previous price target of $40 .Texas Roadhouse Inc was Downgraded by Raymond James to ” Mkt Perform” on Apr 18, 2016.

Texas Roadhouse Inc. is a full-service casual dining restaurant company. The Company offers an assortment of seasoned and aged steaks. In addition to steaks it also offers ribs fish seafood chicken pork chops pulled pork and vegetable plates and an assortment of hamburgers salads and sandwiches. Its entrees include made-from-scratch yeast rolls and also include the choice of two of the following made-from-scratch sides: baked potato sweet potato steak fries mashed potatoes house or Caesar salad green beans chili seasoned rice buttered corn applesauce and steamed vegetables. Its restaurants offer a full bar that offers draft and bottled beer different brands of liquor and wine as well as margaritas. As of December 30 2014 the Company had 451 restaurants which included 372 Company restaurants of which 356 were wholly-owned and 16 were majority-owned and 79 franchise restaurants in which the Company held 5% to 10.0% ownership interest in 23 restaurants.

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