Curtis Warfield Sells 3,281 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Curtis Warfield sold 3,281 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $183.67, for a total value of $602,621.27. Following the sale, the director now directly owns 6,801 shares in the company, valued at approximately $1,249,139.67. This trade represents a 32.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Curtis Warfield also recently made the following trade(s):

• On Thursday, February 27th, Curtis Warfield sold 4,190 shares of Texas Roadhouse stock. The stock was sold at an average price of $178.80, for a total value of $749,172.00.

Texas Roadhouse Stock Down 3.6 %

TXRH opened at $179.23 on Friday. The company has a market capitalization of $11.96 billion, a price-to-earnings ratio of 27.70, a PEG ratio of 1.23 and a beta of 1.02. The firm has a 50-day moving average price of $178.62 and a 200-day moving average price of $180.82. Texas Roadhouse, Inc. has a twelve month low of $146.75 and a twelve month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, beating the consensus estimate of $1.66 by $0.07. The company had revenue of $1.44 billion during 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%. On average, sell-side analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share 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. The ex-dividend date is Tuesday, March 18th. This represents a $2.72 annualized dividend and a yield of 1.52%. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s payout ratio is currently 42.04%.

Hedge Funds Weigh In On Texas Roadhouse

Several hedge funds have recently bought and sold shares of TXRH. True Wealth Design LLC purchased a new position in Texas Roadhouse in the 3rd quarter worth approximately $30,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Texas Roadhouse in the 4th quarter worth approximately $30,000. Coppell Advisory Solutions LLC lifted its holdings in shares of Texas Roadhouse by 56.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock worth $35,000 after acquiring an additional 71 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Texas Roadhouse in the 4th quarter worth approximately $36,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Texas Roadhouse by 32.2% during 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 during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TXRH shares. Wedbush reduced their price objective on Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. The Goldman Sachs Group started coverage on Texas Roadhouse in a research note on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price objective on the stock. Stifel Nicolaus reduced their price objective on Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating on the stock in a research note on Friday, February 21st. Citigroup raised their price objective on Texas Roadhouse from $212.00 to $213.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Royal Bank of Canada cut their price target on Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating on the stock in a research note on Friday, February 21st. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Texas Roadhouse currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.73.

Texas Roadhouse Company 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.