Segall Bryant & Hamill LLC Has $20.26 Million Stock Holdings in Texas Roadhouse, Inc. $TXRH

Segall Bryant & Hamill LLC trimmed its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 8.5% during the first quarter, Holdings Channel reports. The institutional investor owned 122,657 shares of the restaurant operator’s stock after selling 11,461 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Texas Roadhouse were worth $20,256,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Elyxium Wealth LLC bought a new stake in shares of Texas Roadhouse during the fourth quarter worth $25,000. Princeton Global Asset Management LLC acquired a new position in shares of Texas Roadhouse during the fourth quarter valued at $31,000. Measured Wealth Private Client Group LLC bought a new position in Texas Roadhouse in the third quarter valued at about $33,000. Garton & Associates Financial Advisors LLC bought a new position in Texas Roadhouse in the fourth quarter valued at about $34,000. Finally, TD Private Client Wealth LLC boosted its holdings in Texas Roadhouse by 137.5% in the fourth quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock valued at $44,000 after acquiring an additional 154 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on TXRH shares. Citigroup dropped their price objective on Texas Roadhouse from $176.00 to $174.00 and set a “neutral” rating for the company in a report on Friday, May 8th. Stifel Nicolaus raised their target price on shares of Texas Roadhouse from $170.00 to $180.00 and gave the company a “hold” rating in a research note on Tuesday, May 12th. Mizuho lifted their price target on shares of Texas Roadhouse from $190.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday. BMO Capital Markets boosted their price target on shares of Texas Roadhouse from $165.00 to $180.00 and gave the stock a “market perform” rating in a research note on Thursday, May 21st. Finally, TD Cowen boosted their price target on shares of Texas Roadhouse from $192.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Ten equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, Texas Roadhouse currently has an average rating of “Hold” and a consensus price target of $196.40.

Insider Activity

In related news, insider Lloyd Paul Marshall sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $178.34, for a total transaction of $178,340.00. Following the completion of the transaction, the insider owned 10,326 shares in the company, valued at approximately $1,841,538.84. The trade was a 8.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gregory N. Moore sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $178.14, for a total transaction of $222,675.00. Following the completion of the sale, the director directly owned 30,900 shares of the company’s stock, valued at $5,504,526. The trade was a 3.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 6,154 shares of company stock valued at $1,115,864. 0.50% of the stock is currently owned by company insiders.

Texas Roadhouse Trading Down 1.3%

NASDAQ TXRH opened at $205.44 on Friday. The stock has a 50-day simple moving average of $184.71 and a 200 day simple moving average of $178.28. The company has a market capitalization of $13.50 billion, a PE ratio of 32.82, a P/E/G ratio of 2.27 and a beta of 0.78. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 0.03. Texas Roadhouse, Inc. has a 12 month low of $153.82 and a 12 month high of $210.24.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.07. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The company’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.70 earnings per share. Research analysts forecast that Texas Roadhouse, Inc. will post 6.45 EPS for the current year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $3.00 annualized dividend and a yield of 1.5%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 47.92%.

Texas Roadhouse Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.