Texas Roadhouse, Inc. (NASDAQ:TXRH) CTO Hernan E. Mujica Sells 3,000 Shares

Texas Roadhouse, Inc. (NASDAQ:TXRH) CTO Hernan E. Mujica sold 3,000 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $168.60, for a total value of $505,800.00. Following the completion of the sale, the chief technology officer now directly owns 17,842 shares of the company’s stock, valued at $3,008,161.20. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Texas Roadhouse Stock Down 0.4 %

NASDAQ TXRH opened at $167.20 on Thursday. The company has a market cap of $11.17 billion, a PE ratio of 33.85, a price-to-earnings-growth ratio of 1.65 and a beta of 1.00. Texas Roadhouse, Inc. has a 52 week low of $91.06 and a 52 week high of $170.76. The firm’s 50-day simple moving average is $157.01 and its two-hundred day simple moving average is $136.06.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.04. Texas Roadhouse had a net margin of 6.94% and a return on equity of 28.85%. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the company posted $1.28 EPS. Texas Roadhouse’s revenue was up 12.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Texas Roadhouse, Inc. will post 5.96 EPS for the current year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Wednesday, June 12th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Wednesday, June 12th. Texas Roadhouse’s payout ratio is currently 49.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TXRH shares. BTIG Research increased their target price on Texas Roadhouse from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Wedbush increased their price target on Texas Roadhouse from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Wells Fargo & Company lifted their price objective on shares of Texas Roadhouse from $140.00 to $165.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Evercore ISI upped their target price on shares of Texas Roadhouse from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Finally, Truist Financial raised their price target on shares of Texas Roadhouse from $170.00 to $181.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $155.55.

Institutional Trading of Texas Roadhouse

A number of hedge funds and other institutional investors have recently made changes to their positions in TXRH. Red Spruce Capital LLC boosted its stake in Texas Roadhouse by 0.5% in the 4th quarter. Red Spruce Capital LLC now owns 22,359 shares of the restaurant operator’s stock worth $2,733,000 after purchasing an additional 110 shares during the period. Avior Wealth Management LLC increased its position in shares of Texas Roadhouse by 3.2% during the fourth quarter. Avior Wealth Management LLC now owns 3,579 shares of the restaurant operator’s stock valued at $437,000 after buying an additional 111 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Texas Roadhouse by 4.8% in the first quarter. Advisors Asset Management Inc. now owns 2,679 shares of the restaurant operator’s stock worth $414,000 after buying an additional 122 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Texas Roadhouse by 35.8% in the third quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 125 shares during the period. Finally, Prospector Partners LLC grew its stake in Texas Roadhouse by 0.4% during the third quarter. Prospector Partners LLC now owns 34,575 shares of the restaurant operator’s stock valued at $3,323,000 after acquiring an additional 150 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Company Profile

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.