Texas Roadhouse, Inc. (NASDAQ:TXRH) Insider Christopher C. Colson Sells 1,370 Shares

Texas Roadhouse, Inc. (NASDAQ:TXRHGet Free Report) insider Christopher C. Colson sold 1,370 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the transaction, the insider now directly owns 10,000 shares in the company, valued at $1,794,600. The trade was a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Texas Roadhouse Price Performance

Shares of TXRH opened at $178.12 on Friday. The stock has a 50-day moving average of $190.48 and a 200-day moving average of $178.50. Texas Roadhouse, Inc. has a one year low of $115.48 and a one year high of $206.04. The company has a market cap of $11.88 billion, a PE ratio of 30.60, a P/E/G ratio of 1.59 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRHGet Free Report) last released its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the business posted $0.95 earnings per share. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. Analysts expect that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Tuesday, December 10th. Texas Roadhouse’s payout ratio is 41.92%.

Hedge Funds Weigh In On Texas Roadhouse

Hedge funds have recently modified their holdings of the company. Hollencrest Capital Management bought a new stake in shares of Texas Roadhouse in the 2nd quarter worth approximately $25,000. True Wealth Design LLC bought a new stake in shares of Texas Roadhouse in the third quarter valued at $30,000. PSI Advisors LLC lifted its position in shares of Texas Roadhouse by 70.8% during the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 75 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Texas Roadhouse by 118.6% during the 3rd quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 140 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Texas Roadhouse in the 2nd quarter worth about $47,000. Institutional investors own 94.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Wedbush reiterated an “outperform” rating and issued a $200.00 target price on shares of Texas Roadhouse in a report on Thursday, December 19th. UBS Group boosted their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Evercore ISI raised their target price on Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Loop Capital reduced their price objective on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Finally, Barclays boosted their target price on shares of Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Fourteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Texas Roadhouse presently has a consensus rating of “Hold” and an average price target of $190.26.

Read Our Latest Analysis on TXRH

Texas Roadhouse Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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