Crossmark Global Holdings Inc. Has $241,000 Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Crossmark Global Holdings Inc. lessened its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 5.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,363 shares of the restaurant operator’s stock after selling 82 shares during the period. Crossmark Global Holdings Inc.’s holdings in Texas Roadhouse were worth $241,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TXRH. Vanguard Group Inc. raised its position in shares of Texas Roadhouse by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator’s stock valued at $1,000,356,000 after acquiring an additional 53,419 shares during the period. SG Americas Securities LLC grew its holdings in shares of Texas Roadhouse by 200.6% in the 2nd quarter. SG Americas Securities LLC now owns 19,067 shares of the restaurant operator’s stock valued at $3,274,000 after buying an additional 12,725 shares during the period. Bessemer Group Inc. grew its holdings in shares of Texas Roadhouse by 71.1% in the 1st quarter. Bessemer Group Inc. now owns 95,623 shares of the restaurant operator’s stock valued at $14,771,000 after buying an additional 39,731 shares during the period. Harbor Capital Advisors Inc. increased its position in shares of Texas Roadhouse by 320.0% in 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, Assetmark Inc. raised its stake in Texas Roadhouse by 1,042.2% during the 3rd quarter. Assetmark Inc. now owns 9,709 shares of the restaurant operator’s stock worth $1,715,000 after buying an additional 8,859 shares during the period. Institutional investors own 94.82% of the company’s stock.

Analysts Set New Price Targets

TXRH has been the subject of several recent analyst reports. Royal Bank of Canada increased their price target on Texas Roadhouse from $175.00 to $185.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. Evercore ISI raised their target price on shares of Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Robert W. Baird upped their price target on shares of Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. lowered their price objective on shares of Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating for the company in a research report on Monday, July 29th. Finally, Stephens boosted their price objective on shares of Texas Roadhouse from $170.00 to $176.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Twelve analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $189.00.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $195.77 on Tuesday. The stock has a 50-day simple moving average of $180.28 and a 200 day simple moving average of $172.83. The stock has a market capitalization of $13.06 billion, a P/E ratio of 33.68, a PEG ratio of 1.69 and a beta of 0.98. Texas Roadhouse, Inc. has a 52 week low of $109.13 and a 52 week high of $203.32.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the firm posted $0.95 earnings per share. The business’s revenue was up 13.5% compared to the same quarter last year. Research analysts forecast that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend yield of 1.25%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio is presently 41.92%.

Insider Buying and Selling

In related news, CTO Hernan E. Mujica sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total value of $303,390.00. Following the completion of the sale, the chief technology officer now directly owns 16,342 shares in the company, valued at approximately $3,305,332.92. The trade was a 8.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Donna E. Epps sold 610 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the sale, the director now owns 3,532 shares of the company’s stock, valued at approximately $691,071.12. The trade was a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.