Insider Selling: Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Sells $454,302.00 in Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Gregory N. Moore sold 2,700 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $168.26, for a total value of $454,302.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Texas Roadhouse Stock Up 3.5 %

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

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $1.41 billion. On average, research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently announced 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 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 an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s payout ratio is presently 42.04%.

Hedge Funds Weigh In On Texas Roadhouse

A number of hedge funds and other institutional investors have recently modified their holdings of TXRH. True Wealth Design LLC purchased a new position in Texas Roadhouse in the third quarter valued at approximately $30,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Texas Roadhouse in the fourth quarter worth $30,000. Coppell Advisory Solutions LLC increased its stake in Texas Roadhouse by 56.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock valued at $35,000 after acquiring an additional 71 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Texas Roadhouse in the fourth quarter valued at $36,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Texas Roadhouse by 32.2% during 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 last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TXRH shares. Truist Financial decreased their price objective on Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Stephens cut their price objective on Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, February 21st. Citigroup raised their price objective on Texas Roadhouse from $212.00 to $213.00 and gave the company a “buy” rating in a research note on Friday, February 21st. The Goldman Sachs Group initiated coverage on Texas Roadhouse in a research report on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price target on the stock. Finally, Royal Bank of Canada decreased their price objective on Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating on the stock in a report on Friday, February 21st. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently 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.