Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Curtis Warfield Sells 3,281 Shares

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Curtis Warfield sold 3,281 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $183.67, for a total value of $602,621.27. Following the completion of the transaction, the director now owns 6,801 shares in the company, valued at $1,249,139.67. This represents a 32.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Curtis Warfield also recently made the following trade(s):

• On Thursday, February 27th, Curtis Warfield sold 4,190 shares of Texas Roadhouse stock. The shares were sold at an average price of $178.80, for a total transaction of $749,172.00.

Texas Roadhouse Stock Up 0.5 %

Shares of NASDAQ TXRH opened at $185.86 on Thursday. Texas Roadhouse, Inc. has a 12 month low of $146.75 and a 12 month high of $206.04. The company has a market cap of $12.40 billion, a P/E ratio of 28.73, a P/E/G ratio of 1.23 and a beta of 1.02. The business’s 50 day moving average is $178.69 and its two-hundred day moving average is $180.83.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, beating the consensus estimate of $1.66 by $0.07. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Sell-side analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently disclosed 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 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 dividend yield of 1.46%. Texas Roadhouse’s dividend payout ratio is currently 42.04%.

Institutional Trading of Texas Roadhouse

Several institutional investors have recently made changes to their positions in the business. Jefferies Financial Group Inc. bought a new position in Texas Roadhouse during the fourth quarter worth about $371,000. Ascent Group LLC raised its holdings in shares of Texas Roadhouse by 22.7% in 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 in the last quarter. PharVision Advisers LLC bought a new position in shares of Texas Roadhouse during the 4th quarter worth approximately $259,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Texas Roadhouse by 16.4% in 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 valued at $29,554,000 after buying an additional 23,093 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC bought a new stake in Texas Roadhouse in the fourth quarter valued at $381,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Truist Financial cut 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 report on Friday, February 21st. Citigroup increased their price objective on Texas Roadhouse from $212.00 to $213.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Stephens reduced their price objective on Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, February 21st. Royal Bank of Canada dropped their target price on Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating on the stock in a research report on Friday, February 21st. Finally, The Goldman Sachs Group assumed coverage on Texas Roadhouse in a report on Thursday, December 5th. They set a “neutral” rating and a $213.00 price target for the company. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company 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.