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

Segall Bryant & Hamill LLC reduced its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 20.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 138,360 shares of the restaurant operator's stock after selling 35,267 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.21% of Texas Roadhouse worth $24,964,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in TXRH. True Wealth Design LLC purchased a new stake in Texas Roadhouse during the third quarter worth approximately $30,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Texas Roadhouse during the 4th quarter worth approximately $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Texas Roadhouse in the 4th quarter valued at $36,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Texas Roadhouse by 32.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock valued at $48,000 after buying an additional 65 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its position 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 buying an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. dropped their price objective on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Guggenheim cut their price target on Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Gordon Haskett downgraded Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 price objective for the company. in a report on Wednesday, January 8th. Wedbush lifted their target price on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company an "outperform" rating in a report on Friday. Finally, Truist Financial reduced their price target on shares of Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $193.36.

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Texas Roadhouse Stock Performance

TXRH traded down $3.69 on Friday, hitting $171.05. 951,167 shares of the company were exchanged, compared to its average volume of 837,276. The business's fifty day moving average is $176.36 and its 200 day moving average is $181.65. Texas Roadhouse, Inc. has a fifty-two week low of $146.75 and a fifty-two week high of $206.04. The firm has a market capitalization of $11.37 billion, a P/E ratio of 26.44, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, beating analysts' consensus estimates of $1.66 by $0.07. The firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. Analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a dividend of $0.68 per share. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.72 annualized dividend and a dividend yield of 1.59%. Texas Roadhouse's dividend payout ratio is presently 42.04%.

Insider Buying and Selling

In related news, President Regina A. Tobin sold 3,154 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total value of $585,508.56. Following the sale, the president now directly owns 18,414 shares of the company's stock, valued at approximately $3,418,374.96. This trade represents a 14.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher C. Colson sold 1,370 shares of the company's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the transaction, the insider now directly owns 10,000 shares of the company's stock, valued at $1,794,600. This trade represents a 12.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,905 shares of company stock worth $3,198,367. 0.50% of the stock is owned by insiders.

Texas Roadhouse 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.