Insider Selling: Texas Roadhouse, Inc. (NASDAQ:TXRH) President Sells 3,154 Shares of Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) President Regina A. Tobin sold 3,154 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total transaction of $585,508.56. Following the transaction, the president now owns 18,414 shares of the company’s stock, valued at $3,418,374.96. This represents a 14.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Texas Roadhouse Trading Down 0.1 %

Shares of TXRH stock opened at $179.03 on Friday. Texas Roadhouse, Inc. has a 12 month low of $146.75 and a 12 month high of $206.04. The stock has a market cap of $11.94 billion, a PE ratio of 27.67, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. The company’s fifty day moving average price is $178.57 and its 200-day moving average price is $180.89.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS 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 firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. On average, sell-side analysts forecast 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 issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s payout ratio is 42.04%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TXRH shares. Gordon Haskett lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price for the company. in a research report on Wednesday, January 8th. Morgan Stanley raised shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $205.00 to $213.00 in a research note on Tuesday, January 21st. Stifel Nicolaus decreased their price target on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating on the stock in a research note on Friday, February 21st. Wedbush decreased their price target on shares of Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. Finally, Truist Financial cut 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $192.73.

Institutional Trading of Texas Roadhouse

A number of hedge funds have recently modified their holdings of TXRH. Vanguard Group Inc. raised its position in shares of Texas Roadhouse by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator’s stock worth $1,180,123,000 after purchasing an additional 76,051 shares during the last quarter. Invesco Ltd. raised its position in shares of Texas Roadhouse by 5.9% in the 4th quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator’s stock worth $447,344,000 after purchasing an additional 138,675 shares during the last quarter. State Street Corp raised its position in shares of Texas Roadhouse by 2.0% in the 3rd quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator’s stock worth $350,171,000 after purchasing an additional 38,723 shares during the last quarter. FMR LLC raised its position in shares of Texas Roadhouse by 44.8% in the 4th quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator’s stock worth $234,737,000 after purchasing an additional 402,465 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Texas Roadhouse by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator’s stock worth $217,959,000 after purchasing an additional 6,004 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

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.