Hugh Carroll Sells 988 Shares of Texas Roadhouse (NASDAQ:TXRH) Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Hugh Carroll sold 988 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $170.96, for a total value of $168,908.48. Following the completion of the sale, the director directly owned 866 shares in the company, valued at approximately $148,051.36. The trade was a 53.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $171.63 on Friday. The company has a market cap of $11.35 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 1.83 and a beta of 0.86. The stock has a 50 day simple moving average of $182.25 and a 200-day simple moving average of $173.48. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25). The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a net margin of 6.90% and a return on equity of 27.88%. Texas Roadhouse’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.73 EPS. Analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal 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 given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.7%. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.68. The ex-dividend date is Tuesday, March 17th. Texas Roadhouse’s dividend payout ratio (DPR) is 49.26%.

Analysts Set New Price Targets

TXRH has been the subject of several research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Texas Roadhouse in a research report on Monday, December 29th. Sanford C. Bernstein set a $185.00 price objective on Texas Roadhouse in a report on Wednesday, January 7th. TD Cowen initiated coverage on Texas Roadhouse in a research note on Tuesday, January 20th. They set a “buy” rating and a $215.00 price objective for the company. BTIG Research reissued a “buy” rating and set a $200.00 target price on shares of Texas Roadhouse in a report on Friday, February 20th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $165.00 target price on shares of Texas Roadhouse in a research report on Friday, February 20th. One 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $196.55.

Hedge Funds Weigh In On Texas Roadhouse

Several hedge funds and other institutional investors have recently modified their holdings of the business. Elyxium Wealth LLC acquired a new position in Texas Roadhouse during the fourth quarter worth about $25,000. Caldwell Trust Co acquired a new stake in Texas Roadhouse in the 2nd quarter valued at about $28,000. Princeton Global Asset Management LLC acquired a new stake in Texas Roadhouse in the 4th quarter valued at about $31,000. Measured Wealth Private Client Group LLC purchased a new position in Texas Roadhouse in the 3rd quarter worth approximately $33,000. Finally, Garton & Associates Financial Advisors LLC purchased a new position in Texas Roadhouse in the 4th quarter worth approximately $34,000. 94.82% of the stock is owned by hedge funds and other institutional investors.

About Texas Roadhouse

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.