Gregory Moore Sells 1,400 Shares of Texas Roadhouse (NASDAQ:TXRH) Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Gregory Moore sold 1,400 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $170.00, for a total transaction of $238,000.00. Following the completion of the sale, the director owned 32,150 shares in the company, valued at $5,465,500. This represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Texas Roadhouse Price Performance

NASDAQ TXRH traded down $0.86 on Friday, reaching $166.27. 867,191 shares of the company’s stock traded hands, compared to its average volume of 969,415. The stock has a market cap of $11.00 billion, a PE ratio of 25.42, a P/E/G ratio of 2.72 and a beta of 0.88. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $199.99. The stock has a 50-day simple moving average of $169.33 and a 200 day simple moving average of $177.14.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). Texas Roadhouse had a return on equity of 30.59% and a net margin of 7.49%.The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the company earned $1.26 earnings per share. Texas Roadhouse’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.6%. Texas Roadhouse’s dividend payout ratio is presently 41.59%.

Hedge Funds Weigh In On Texas Roadhouse

A number of institutional investors have recently bought and sold shares of the company. Brooklyn Investment Group raised its position in Texas Roadhouse by 478.6% in the 1st quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 134 shares during the last quarter. Caldwell Trust Co acquired a new position in Texas Roadhouse in the second quarter valued at $28,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Texas Roadhouse in the third quarter valued at about $33,000. Root Financial Partners LLC acquired a new stake in shares of Texas Roadhouse during the third quarter worth about $36,000. Finally, Salomon & Ludwin LLC boosted its stake in shares of Texas Roadhouse by 37.2% during the third quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock worth $50,000 after buying an additional 81 shares during the period. 94.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TXRH shares. Morgan Stanley dropped their price objective on Texas Roadhouse from $210.00 to $205.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. Guggenheim reiterated a “buy” rating and issued a $210.00 price objective on shares of Texas Roadhouse in a research note on Tuesday, September 16th. Stephens decreased their target price on shares of Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. JPMorgan Chase & Co. cut their price target on Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 7th. Finally, Mizuho upgraded Texas Roadhouse to a “strong-buy” rating in a research note on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Texas Roadhouse has a consensus rating of “Moderate Buy” and a consensus price target of $192.95.

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.