Texas Roadhouse, Inc. (NASDAQ:TXRH) Insider Christopher C. Colson Sells 580 Shares

Texas Roadhouse, Inc. (NASDAQ:TXRH) insider Christopher C. Colson sold 580 shares of the business’s stock in a transaction that occurred 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 directly owns 12,000 shares in the company, valued at approximately $2,183,280. This trade represents a 4.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Texas Roadhouse Stock Up 3.5 %

NASDAQ TXRH opened at $184.09 on Friday. The stock has a fifty day simple moving average of $178.56 and a 200 day simple moving average of $180.42. Texas Roadhouse, Inc. has a twelve month low of $146.75 and a twelve month high of $206.04. The company has a market capitalization of $12.28 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 1.23 and a beta of 1.02.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. Research analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

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

Hedge Funds Weigh In On Texas Roadhouse

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hantz Financial Services Inc. boosted its position in shares of Texas Roadhouse by 8,594.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator’s stock worth $553,000 after purchasing an additional 3,094 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in Texas Roadhouse in the 3rd quarter valued at about $17,853,000. Victory Capital Management Inc. lifted its position in Texas Roadhouse by 194.9% in the 3rd quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock valued at $11,962,000 after acquiring an additional 44,768 shares in the last quarter. First Hawaiian Bank bought a new position in Texas Roadhouse in the 4th quarter valued at about $1,554,000. Finally, Thrivent Financial for Lutherans lifted its position in Texas Roadhouse by 0.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator’s stock valued at $85,306,000 after acquiring an additional 4,391 shares in the last quarter. Institutional investors own 94.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TXRH shares. Citigroup upped their target price on Texas Roadhouse from $212.00 to $213.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Barclays decreased their target price on Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating on the stock in a research report on Friday, February 21st. Morgan Stanley raised Texas Roadhouse from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $205.00 to $213.00 in a research report on Tuesday, January 21st. The Goldman Sachs Group began coverage on Texas Roadhouse in a research report on Thursday, December 5th. They issued a “neutral” rating and a $213.00 target price on the stock. Finally, Truist Financial cut their price target on Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average 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.