Insider Selling: Texas Roadhouse (NASDAQ:TXRH) Director Sells 1,700 Shares of Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Gregory Moore sold 1,700 shares of Texas Roadhouse stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $171.59, for a total value of $291,703.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

Texas Roadhouse Trading Down 2.0%

NASDAQ:TXRH traded down $3.50 on Friday, hitting $171.54. The company’s stock had a trading volume of 1,064,649 shares, compared to its average volume of 1,079,760. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $199.99. The firm has a market capitalization of $11.35 billion, a P/E ratio of 28.17, a price-to-earnings-growth ratio of 1.90 and a beta of 0.86. The stock has a fifty day moving average of $182.52 and a two-hundred day moving average of $173.70.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25). Texas Roadhouse had a return on equity of 27.88% and a net margin of 6.90%.The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the firm posted $1.73 earnings per share. The firm’s revenue was up 3.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a dividend of $0.75 per share. The ex-dividend date is Tuesday, March 17th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.68. Texas Roadhouse’s dividend payout ratio is 44.66%.

Wall Street Analyst Weigh In

Several research firms have recently commented on TXRH. Wells Fargo & Company upped their target price on Texas Roadhouse from $195.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. Mizuho raised their price target on shares of Texas Roadhouse from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. The Goldman Sachs Group boosted their price objective on shares of Texas Roadhouse from $175.00 to $200.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. BTIG Research reiterated a “buy” rating and issued a $200.00 price target on shares of Texas Roadhouse in a research note on Friday, February 20th. Finally, Sanford C. Bernstein set a $185.00 price objective on Texas Roadhouse in a research note on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $196.55.

Hedge Funds Weigh In On Texas Roadhouse

A number of institutional investors have recently modified their holdings of TXRH. SHP Wealth Management acquired a new stake in Texas Roadhouse in the fourth quarter valued at about $309,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Texas Roadhouse in the fourth quarter worth about $125,000. MidFirst Bank bought a new position in shares of Texas Roadhouse in the fourth quarter worth about $1,539,000. DGS Capital Management LLC acquired a new stake in shares of Texas Roadhouse in the 4th quarter valued at approximately $310,000. Finally, Kera Capital Partners Inc. bought a new stake in shares of Texas Roadhouse during the 4th quarter valued at approximately $216,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.