Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) President Regina A. Tobin sold 3,154 shares of the firm's 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 completion of the sale, the president now owns 18,414 shares of the company's stock, valued at $3,418,374.96. This trade represents a 14.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Texas Roadhouse Stock Up 0.5 %
Shares of NASDAQ:TXRH opened at $185.86 on Thursday. Texas Roadhouse, Inc. has a 52-week low of $146.75 and a 52-week high of $206.04. The company has a market capitalization 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 stock's fifty day simple moving average is $178.69 and its 200-day simple moving average is $180.83.
Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, topping analysts' consensus estimates of $1.66 by $0.07. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. On average, sell-side analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.
Texas Roadhouse Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a $0.68 dividend. 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. This represents a $2.72 annualized dividend and a yield of 1.46%. Texas Roadhouse's payout ratio is 42.04%.
Institutional Investors Weigh In On Texas Roadhouse
Several hedge funds have recently modified their holdings of TXRH. True Wealth Design LLC acquired a new stake in Texas Roadhouse during the third quarter valued at $30,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Texas Roadhouse during the 4th quarter worth about $30,000. Coppell Advisory Solutions LLC increased its position in shares of Texas Roadhouse by 56.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock valued at $35,000 after purchasing an additional 71 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Texas Roadhouse in the 4th quarter worth approximately $36,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Texas Roadhouse by 32.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock valued at $48,000 after purchasing an additional 65 shares in the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on TXRH. The Goldman Sachs Group began coverage on Texas Roadhouse in a research report on Thursday, December 5th. They set a "neutral" rating and a $213.00 target price for the company. Royal Bank of Canada decreased their price objective on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a report on Friday, February 21st. 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 research note on Friday, February 21st. Truist Financial lowered their price target on Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating for the company in a report on Friday, February 21st. Finally, Gordon Haskett downgraded Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 price objective on the stock. in a report on Wednesday, January 8th. Eleven 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, Texas Roadhouse currently has an average rating of "Moderate Buy" and a consensus price target of $192.73.
Read Our Latest Report on TXRH
About Texas Roadhouse
(
Get Free Report)
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.
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