Segall Bryant & Hamill LLC Raises Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Segall Bryant & Hamill LLC lifted its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 141,584 shares of the restaurant operator’s stock after buying an additional 3,224 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.21% of Texas Roadhouse worth $23,592,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Valeo Financial Advisors LLC raised its holdings in shares of Texas Roadhouse by 2.3% in the first quarter. Valeo Financial Advisors LLC now owns 2,750 shares of the restaurant operator’s stock worth $458,000 after buying an additional 62 shares during the period. Optas LLC increased its holdings in Texas Roadhouse by 1.3% during the 1st quarter. Optas LLC now owns 5,217 shares of the restaurant operator’s stock worth $869,000 after purchasing an additional 65 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Texas Roadhouse by 0.5% during the 1st 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 during the period. Coppell Advisory Solutions LLC increased its holdings in Texas Roadhouse by 56.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 71 shares during the period. Finally, Trek Financial LLC increased its holdings in Texas Roadhouse by 5.9% during the 4th quarter. Trek Financial LLC now owns 1,407 shares of the restaurant operator’s stock worth $254,000 after purchasing an additional 79 shares during the period. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on TXRH. Wells Fargo & Company reduced their price objective on Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Barclays reduced their price objective on Texas Roadhouse from $179.00 to $175.00 and set an “equal weight” rating on the stock in a report on Friday, May 9th. Citigroup downgraded Texas Roadhouse from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $213.00 to $164.00 in a report on Wednesday, April 23rd. Robert W. Baird set a $180.00 price objective on Texas Roadhouse and gave the stock an “outperform” rating in a report on Monday, April 7th. Finally, Melius Research upgraded Texas Roadhouse to a “strong-buy” rating in a report on Monday. Ten investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Texas Roadhouse has a consensus rating of “Moderate Buy” and a consensus price target of $194.09.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,000 shares of Texas Roadhouse stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $187.62, for a total transaction 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. The trade was a 2.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Donna E. Epps sold 800 shares of Texas Roadhouse 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 directly owned 4,632 shares of the company’s stock, valued at approximately $863,960.64. This represents a 14.73% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $184.66 on Wednesday. The stock has a market capitalization of $12.25 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 2.52 and a beta of 0.87. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $206.04. The business has a fifty day moving average price of $189.42 and a 200-day moving average price of $178.77.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.05). Texas Roadhouse had a return on equity of 32.33% and a net margin of 7.89%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the business earned $1.69 EPS. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, equities research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal 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. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $2.72 dividend on an annualized basis and a yield of 1.47%. Texas Roadhouse’s dividend payout ratio is currently 41.98%.

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.