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

Texas Roadhouse, Inc. (NASDAQ:TXRH) insider Christopher C. Colson sold 580 shares of Texas Roadhouse stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $181.94, for a total transaction of $105,525.20. Following the transaction, the insider now directly owns 12,000 shares in the company, valued at $2,183,280. This represents a 4.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Texas Roadhouse Stock Up 3.5 %

TXRH stock opened at $184.09 on Friday. Texas Roadhouse, Inc. has a twelve month low of $146.75 and a twelve month high of $206.04. The stock has a market capitalization 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. The firm’s fifty day simple moving average is $178.56 and its two-hundred day simple 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, beating analysts’ consensus estimates of $1.66 by $0.07. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. As a group, equities research analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.68 per share. 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 dividend on an annualized basis and a yield of 1.48%. Texas Roadhouse’s payout ratio is 42.04%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TXRH. Stifel Nicolaus lowered their price target 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. Royal Bank of Canada lowered their price target on shares of Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating on the stock in a report on Friday, February 21st. Wedbush lowered their price target on shares of Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. Guggenheim lowered their price target on shares of Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Truist Financial lowered their target price on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $192.73.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TXRH. True Wealth Design LLC bought a new position in shares of Texas Roadhouse in the third quarter worth about $30,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Texas Roadhouse in the fourth quarter worth about $30,000. Coppell Advisory Solutions LLC grew its holdings in shares of Texas Roadhouse by 56.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 71 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Texas Roadhouse in the fourth quarter worth about $36,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Texas Roadhouse by 32.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

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.