Curtis Warfield Sells 4,190 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Curtis Warfield sold 4,190 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $178.80, for a total value of $749,172.00. Following the sale, the director now owns 10,082 shares of the company’s stock, valued at $1,802,661.60. The trade was a 29.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Texas Roadhouse Stock Up 3.5 %

Shares of Texas Roadhouse stock opened at $184.09 on Friday. The company has a 50-day simple moving average of $178.56 and a two-hundred day simple moving average of $180.50. 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.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly 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. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.41 billion. On average, sell-side analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors 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 annualized dividend and a yield of 1.48%. Texas Roadhouse’s dividend payout ratio is currently 42.04%.

Hedge Funds Weigh In On Texas Roadhouse

Several hedge funds have recently bought and sold shares of TXRH. Blue Trust Inc. boosted its holdings in shares of Texas Roadhouse by 209.9% in the 3rd quarter. Blue Trust Inc. now owns 471 shares of the restaurant operator’s stock valued at $81,000 after purchasing an additional 319 shares in the last quarter. International Assets Investment Management LLC grew its position in Texas Roadhouse by 17,559.6% in the third quarter. International Assets Investment Management LLC now owns 20,132 shares of the restaurant operator’s stock valued at $3,555,000 after acquiring an additional 20,018 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Texas Roadhouse by 101.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,894 shares of the restaurant operator’s stock worth $1,571,000 after acquiring an additional 4,469 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Texas Roadhouse by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 7,767 shares of the restaurant operator’s stock worth $1,371,000 after acquiring an additional 525 shares during the last quarter. Finally, abrdn plc lifted its holdings in shares of Texas Roadhouse by 33.8% in the third quarter. abrdn plc now owns 212,039 shares of the restaurant operator’s stock worth $37,446,000 after acquiring an additional 53,549 shares during the last quarter. 94.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TXRH has been the topic of a number of recent analyst reports. Royal Bank of Canada cut their price objective on Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating on the stock in a research note on Friday, February 21st. Wedbush dropped their price objective 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. Truist Financial reduced their target price on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Gordon Haskett lowered Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target on the stock. in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus lowered their price objective on Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating on the stock in a research report on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.