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

Segall Bryant & Hamill LLC lowered its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 10.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 173,627 shares of the restaurant operator's stock after selling 21,052 shares during the period. Segall Bryant & Hamill LLC owned 0.26% of Texas Roadhouse worth $30,663,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Texas Roadhouse by 0.8% during the first quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator's stock worth $1,000,356,000 after acquiring an additional 53,419 shares during the period. SG Americas Securities LLC raised its holdings in Texas Roadhouse by 200.6% during the 2nd quarter. SG Americas Securities LLC now owns 19,067 shares of the restaurant operator's stock valued at $3,274,000 after acquiring an additional 12,725 shares during the period. Bessemer Group Inc. lifted its holdings in Texas Roadhouse by 71.1% during the 1st quarter. Bessemer Group Inc. now owns 95,623 shares of the restaurant operator's stock worth $14,771,000 after purchasing an additional 39,731 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in Texas Roadhouse by 320.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 11,940 shares of the restaurant operator's stock valued at $2,050,000 after buying an additional 9,097 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Texas Roadhouse by 0.9% in the third quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator's stock worth $85,306,000 after buying an additional 4,391 shares in the last quarter. Institutional investors own 94.82% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Stifel Nicolaus increased their target price on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. BTIG Research raised their price target on Texas Roadhouse from $175.00 to $190.00 and gave the company a "buy" rating in a report on Friday, July 26th. Barclays boosted their price objective on Texas Roadhouse from $160.00 to $175.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. Guggenheim raised their target price on shares of Texas Roadhouse from $190.00 to $195.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th. Finally, JPMorgan Chase & Co. cut their price target on shares of Texas Roadhouse from $184.00 to $180.00 and set a "neutral" rating for the company in a research note on Monday, July 29th. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $189.00.

Insider Buying and Selling at Texas Roadhouse

In other news, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the transaction, the chief technology officer now directly owns 16,342 shares of the company's stock, valued at $3,305,332.92. The trade was a 8.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Donna E. Epps sold 610 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the sale, the director now owns 3,532 shares in the company, valued at approximately $691,071.12. The trade was a 14.73 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH traded down $0.74 during midday trading on Wednesday, hitting $192.88. 216,143 shares of the company traded hands, compared to its average volume of 768,168. The stock has a 50-day moving average price of $181.64 and a 200 day moving average price of $173.31. The firm has a market cap of $12.87 billion, a P/E ratio of 33.27, a P/E/G ratio of 1.69 and a beta of 0.98. Texas Roadhouse, Inc. has a 12-month low of $109.86 and a 12-month high of $203.32.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing analysts' consensus estimates of $1.32 by ($0.06). The firm had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The company's revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 EPS. As a group, equities analysts expect that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse's payout ratio is 41.92%.

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.