Insider Selling: Texas Roadhouse, Inc. (NASDAQ:TXRH) Insider Sells 580 Shares of Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) insider Christopher C. Colson sold 580 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $181.94, for a total value of $105,525.20. Following the sale, the insider now owns 12,000 shares in the company, valued at approximately $2,183,280. This represents a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Texas Roadhouse Stock Up 3.5 %

NASDAQ:TXRH opened at $184.09 on Monday. The business’s 50-day simple moving average is $178.56 and its two-hundred day simple moving average is $180.59. The stock has a market cap of $12.28 billion, a PE ratio of 28.45, a P/E/G ratio of 1.23 and a beta of 1.02. Texas Roadhouse, Inc. has a 52 week low of $146.75 and a 52 week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. Sell-side analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a yield of 1.48%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 42.04%.

Institutional Investors Weigh In On Texas Roadhouse

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Texas Roadhouse in the fourth quarter worth about $30,000. True Wealth Design LLC bought a new stake in shares of Texas Roadhouse in the third quarter worth about $30,000. Coppell Advisory Solutions LLC increased its holdings in shares of Texas Roadhouse by 56.8% in the fourth 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 last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Texas Roadhouse in the fourth quarter worth about $36,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Texas Roadhouse by 32.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 65 shares during the last quarter. 94.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Morgan Stanley upgraded Texas Roadhouse from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $205.00 to $213.00 in a research note on Tuesday, January 21st. Wedbush dropped their price target 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. Truist Financial dropped their price target on Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Barclays dropped their price target on Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating on the stock in a research note on Friday, February 21st. Finally, Gordon Haskett downgraded Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target on the stock. in a research note on Wednesday, January 8th. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.73.

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.