Segall Bryant & Hamill LLC Acquires 1,508 Shares of Texas Roadhouse, Inc. $TXRH

Segall Bryant & Hamill LLC boosted its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.1% in the second quarter, Holdings Channel reports. The firm owned 143,092 shares of the restaurant operator’s stock after purchasing an additional 1,508 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Texas Roadhouse were worth $26,817,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Brooklyn Investment Group raised its holdings in shares of Texas Roadhouse by 478.6% in the 1st quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock worth $27,000 after buying an additional 134 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in Texas Roadhouse in the 2nd quarter valued at $53,000. Bogart Wealth LLC grew its position in Texas Roadhouse by 51.5% in the second quarter. Bogart Wealth LLC now owns 303 shares of the restaurant operator’s stock valued at $57,000 after acquiring an additional 103 shares during the period. Farther Finance Advisors LLC raised its stake in Texas Roadhouse by 22.8% during the second quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock worth $59,000 after acquiring an additional 58 shares in the last quarter. Finally, WPG Advisers LLC acquired a new position in Texas Roadhouse during the first quarter worth $59,000. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Price Performance

TXRH opened at $173.43 on Friday. The stock has a market capitalization of $11.47 billion, a P/E ratio of 26.48, a price-to-earnings-growth ratio of 2.50 and a beta of 0.87. The company’s 50 day simple moving average is $167.35 and its 200-day simple moving average is $177.99. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.03). The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.26 EPS. As a group, analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be issued a $0.68 dividend. The ex-dividend date is Tuesday, December 2nd. This represents a $2.72 annualized dividend and a yield of 1.6%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 41.59%.

Analyst Upgrades and Downgrades

TXRH has been the topic of several recent analyst reports. UBS Group restated a “buy” rating on shares of Texas Roadhouse in a research note on Monday, November 10th. Zacks Research lowered shares of Texas Roadhouse from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Texas Roadhouse in a research note on Wednesday. Guggenheim reaffirmed a “buy” rating and set a $210.00 price objective on shares of Texas Roadhouse in a report on Tuesday, September 16th. Finally, Citigroup boosted their target price on Texas Roadhouse from $180.00 to $197.00 and gave the stock a “neutral” rating in a report on Tuesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.95.

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.