Crestwood Advisors Group LLC Has $245,000 Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Crestwood Advisors Group LLC lessened its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 57.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,473 shares of the restaurant operator's stock after selling 2,014 shares during the period. Crestwood Advisors Group LLC's holdings in Texas Roadhouse were worth $245,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Coppell Advisory Solutions LLC boosted its position in shares of Texas Roadhouse by 56.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock worth $35,000 after purchasing an additional 71 shares during the period. Bogart Wealth LLC acquired a new stake in shares of Texas Roadhouse in the first quarter valued at $33,000. Park Place Capital Corp lifted its stake in Texas Roadhouse by 459.1% during the 1st quarter. Park Place Capital Corp now owns 369 shares of the restaurant operator's stock worth $61,000 after acquiring an additional 303 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Texas Roadhouse by 41.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator's stock valued at $63,000 after acquiring an additional 112 shares during the period. Finally, Versant Capital Management Inc lifted its position in shares of Texas Roadhouse by 153.9% during the first quarter. Versant Capital Management Inc now owns 457 shares of the restaurant operator's stock worth $76,000 after purchasing an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Donna E. Epps sold 800 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $186.52, for a total value of $149,216.00. Following the sale, the director directly owned 4,632 shares in the company, valued at approximately $863,960.64. The trade was a 14.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gregory N. Moore sold 1,000 shares of Texas Roadhouse stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $187.62, for a total transaction of $187,620.00. Following the completion of the transaction, the director owned 38,050 shares in the company, valued at approximately $7,138,941. This trade represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

TXRH has been the subject of a number of recent research reports. Robert W. Baird set a $180.00 target price on Texas Roadhouse and gave the company an "outperform" rating in a report on Monday, April 7th. Melius began coverage on shares of Texas Roadhouse in a report on Monday, July 14th. They issued a "buy" rating and a $235.00 price objective on the stock. UBS Group increased their target price on Texas Roadhouse from $200.00 to $220.00 and gave the company a "buy" rating in a report on Friday, June 6th. Wells Fargo & Company cut their target price on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Barclays upped their target price on shares of Texas Roadhouse from $175.00 to $189.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Ten research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $195.20.

Texas Roadhouse Stock Performance

TXRH traded up $3.95 on Friday, reaching $188.14. 651,034 shares of the company's stock were exchanged, compared to its average volume of 780,092. The company has a market cap of $12.48 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 2.65 and a beta of 0.87. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $206.04. The company's 50 day moving average is $189.42 and its 200-day moving average is $178.96.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.05). The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. Texas Roadhouse had a return on equity of 32.33% and a net margin of 7.89%. Texas Roadhouse's revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.69 earnings per share. Sell-side analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Tuesday, June 3rd. Texas Roadhouse's payout ratio is 41.98%.

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.