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

Texas Roadhouse, Inc. (NASDAQ:TXRH) insider Christopher C. Colson sold 1,370 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $1,794,600. The trade was a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Texas Roadhouse Price Performance

Shares of NASDAQ:TXRH opened at $178.12 on Friday. The stock has a market cap of $11.88 billion, a price-to-earnings ratio of 30.60, a P/E/G ratio of 1.59 and a beta of 1.01. The company has a 50 day moving average of $190.48 and a 200-day moving average of $178.55. Texas Roadhouse, Inc. has a one year low of $115.48 and a one year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the firm posted $0.95 EPS. The business’s revenue was up 13.5% on a year-over-year basis. Equities research analysts anticipate that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio (DPR) is currently 41.92%.

Hedge Funds Weigh In On Texas Roadhouse

Several institutional investors have recently modified their holdings of the stock. State Street Corp boosted its position in shares of Texas Roadhouse by 2.0% during the third quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator’s stock worth $350,171,000 after purchasing an additional 38,723 shares in the last quarter. Geode Capital Management LLC grew its stake in Texas Roadhouse by 1.5% in the third quarter. Geode Capital Management LLC now owns 1,201,641 shares of the restaurant operator’s stock valued at $212,261,000 after acquiring an additional 18,126 shares during the period. Barclays PLC increased its holdings in shares of Texas Roadhouse by 14.4% in the third quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator’s stock worth $208,539,000 after acquiring an additional 148,462 shares in the last quarter. Geneva Capital Management LLC raised its position in shares of Texas Roadhouse by 0.4% during the third quarter. Geneva Capital Management LLC now owns 922,405 shares of the restaurant operator’s stock worth $162,897,000 after purchasing an additional 3,584 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Texas Roadhouse by 22.3% during the 2nd quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock valued at $156,230,000 after purchasing an additional 165,738 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TXRH has been the topic of a number of recent research reports. Truist Financial lifted their price objective on Texas Roadhouse from $207.00 to $209.00 and gave the company a “buy” rating in a report on Wednesday. Bank of America upped their price target on Texas Roadhouse from $206.00 to $234.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Guggenheim boosted their target price on shares of Texas Roadhouse from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Morgan Stanley upped their target price on shares of Texas Roadhouse from $200.00 to $205.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Finally, UBS Group boosted their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Fourteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $190.26.

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.