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

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

Texas Roadhouse Trading Up 3.5 %

Shares of NASDAQ TXRH opened at $184.09 on Friday. The firm has a market capitalization of $12.28 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 1.23 and a beta of 1.02. Texas Roadhouse, Inc. has a 1 year low of $146.75 and a 1 year high of $206.04. The firm’s 50-day moving average is $178.56 and its 200-day moving average is $180.50.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. As a group, equities research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TXRH. Stephens lowered their target price on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, February 21st. Gordon Haskett lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price on the stock. in a report on Wednesday, January 8th. Citigroup upped their target price on shares of Texas Roadhouse from $212.00 to $213.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Barclays lowered their target price on shares of Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating on the stock in a report on Friday, February 21st. Finally, The Goldman Sachs Group began coverage on shares of Texas Roadhouse in a report on Thursday, December 5th. They issued a “neutral” rating and a $213.00 target price on the stock. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Texas Roadhouse presently has an average rating of “Moderate Buy” and a consensus price target of $192.73.

Institutional Trading of Texas Roadhouse

Several hedge funds have recently bought and sold shares of the stock. Jefferies Financial Group Inc. acquired a new stake in Texas Roadhouse during the 4th quarter worth approximately $371,000. Ascent Group LLC raised its holdings in Texas Roadhouse by 22.7% during the 4th quarter. Ascent Group LLC now owns 8,624 shares of the restaurant operator’s stock worth $1,556,000 after buying an additional 1,596 shares during the period. PharVision Advisers LLC acquired a new stake in Texas Roadhouse during the 4th quarter worth approximately $259,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Texas Roadhouse by 16.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,800 shares of the restaurant operator’s stock worth $29,554,000 after buying an additional 23,093 shares during the period. Finally, Worldquant Millennium Advisors LLC acquired a new stake in Texas Roadhouse during the 4th quarter worth approximately $381,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

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.