Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lowered its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 20.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 138,360 shares of the restaurant operator’s stock after selling 35,267 shares during the period. Segall Bryant & Hamill LLC owned about 0.21% of Texas Roadhouse worth $24,964,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Commerce Bank lifted its holdings in Texas Roadhouse by 2.5% in the third quarter. Commerce Bank now owns 6,388 shares of the restaurant operator’s stock valued at $1,128,000 after acquiring an additional 156 shares during the period. First Horizon Advisors Inc. lifted its stake in shares of Texas Roadhouse by 158.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator’s stock valued at $53,000 after purchasing an additional 185 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in shares of Texas Roadhouse in the 3rd quarter valued at $17,853,000. Meridian Wealth Management LLC purchased a new stake in Texas Roadhouse during the third quarter worth $302,000. Finally, Cerity Partners LLC grew its position in Texas Roadhouse by 37.7% during the third quarter. Cerity Partners LLC now owns 45,761 shares of the restaurant operator’s stock valued at $8,081,000 after buying an additional 12,526 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Trading Up 3.5 %

Texas Roadhouse stock opened at $175.87 on Tuesday. The stock has a market cap of $11.69 billion, a P/E ratio of 27.18, a PEG ratio of 1.23 and a beta of 1.00. The company has a 50-day moving average price of $176.70 and a 200 day moving average price of $181.41. Texas Roadhouse, Inc. has a 12-month low of $146.75 and a 12-month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, beating the consensus estimate of $1.66 by $0.07. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. As a group, analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.55%. Texas Roadhouse’s dividend payout ratio is currently 42.04%.

Analyst Ratings Changes

Several research firms have recently issued reports on TXRH. Wedbush lowered their target price on shares of Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. Royal Bank of Canada lowered their price target on Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating on the stock in a research report on Friday, February 21st. Stephens cut their price objective on Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, February 21st. Citigroup upped their target price on Texas Roadhouse from $212.00 to $213.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Guggenheim dropped their price target on shares of Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $192.91.

Insider Buying and Selling

In other Texas Roadhouse news, insider Christopher C. Colson sold 580 shares of Texas Roadhouse stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $181.94, for a total transaction of $105,525.20. Following the completion of the sale, the insider now directly owns 12,000 shares in the company, valued at $2,183,280. This trade represents a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Regina A. Tobin sold 3,154 shares of the company’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 owns 18,414 shares in the company, valued at approximately $3,418,374.96. This represents a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,905 shares of company stock valued at $3,198,367. 0.50% of the stock is currently owned by insiders.

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.