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 firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $181.94, for a total value of $105,525.20. Following the transaction, the insider now owns 12,000 shares in the company, valued at approximately $2,183,280. This trade represents a 4.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Texas Roadhouse Price Performance

NASDAQ:TXRH opened at $184.09 on Friday. Texas Roadhouse, Inc. has a one year low of $146.75 and a one year high of $206.04. The company 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. The firm’s 50 day simple moving average is $178.56 and its 200 day simple moving average is $180.42.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 8.07% and a return on equity of 34.02%. Equities research analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a $0.68 dividend. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date is Tuesday, March 18th. This represents a $2.72 annualized dividend and a dividend yield of 1.48%. Texas Roadhouse’s dividend payout ratio is presently 42.04%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Truist Financial decreased their price target on Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Stifel Nicolaus decreased their target price on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating on the stock in a report on Friday, February 21st. Wedbush cut their price target on shares of Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, February 21st. Barclays decreased their price objective on shares of 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 cut Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price for the company. in a research note on Wednesday, January 8th. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Texas Roadhouse currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.73.

Hedge Funds Weigh In On Texas Roadhouse

A number of hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Texas Roadhouse during the 4th quarter valued at approximately $30,000. True Wealth Design LLC bought a new stake in shares of Texas Roadhouse in the 3rd quarter valued at $30,000. Coppell Advisory Solutions LLC increased its position in shares of Texas Roadhouse by 56.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock worth $35,000 after buying an additional 71 shares during the period. SBI Securities Co. Ltd. bought a new position in Texas Roadhouse during the fourth quarter worth $36,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Texas Roadhouse by 32.2% in the fourth 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 period. 94.82% of the stock is currently owned by institutional investors.

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.