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 company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $181.94, for a total transaction of $105,525.20. Following the completion of the transaction, the insider now owns 12,000 shares in the company, valued at approximately $2,183,280. The trade was a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Texas Roadhouse Trading Up 3.5 %

NASDAQ TXRH opened at $184.09 on Friday. The firm’s fifty day simple moving average is $178.56 and its two-hundred day simple moving average is $180.42. The firm has a market capitalization of $12.28 billion, a P/E ratio of 28.45, a P/E/G ratio of 1.23 and a beta of 1.02. Texas Roadhouse, Inc. has a 12-month low of $146.75 and a 12-month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.07. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. As a group, sell-side analysts predict 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, April 1st. Investors of record on Tuesday, March 18th will be paid a $0.68 dividend. 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 42.04%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TXRH. Vanguard Group Inc. lifted its stake in shares of Texas Roadhouse by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator’s stock worth $1,180,123,000 after buying an additional 76,051 shares during the period. Invesco Ltd. raised its stake in Texas Roadhouse by 5.9% in the 4th quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator’s stock worth $447,344,000 after acquiring an additional 138,675 shares during the last quarter. State Street Corp lifted its position in Texas Roadhouse by 2.0% during the 3rd quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator’s stock worth $350,171,000 after acquiring an additional 38,723 shares during the period. FMR LLC grew its stake in Texas Roadhouse by 44.8% during the 4th quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator’s stock valued at $234,737,000 after purchasing an additional 402,465 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Texas Roadhouse by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator’s stock valued at $217,959,000 after purchasing an additional 6,004 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on TXRH shares. Gordon Haskett downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price on the stock. in a research note on Wednesday, January 8th. Morgan Stanley upgraded Texas Roadhouse from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $205.00 to $213.00 in a report on Tuesday, January 21st. Wedbush reduced their price objective on Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. Truist Financial lowered their target price on Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating for the company in a report on Friday, February 21st. Finally, The Goldman Sachs Group began coverage on Texas Roadhouse in a research note on Thursday, December 5th. They set a “neutral” rating and a $213.00 price target on the stock. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Texas Roadhouse currently has a consensus rating of “Moderate Buy” and an average target price 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.