Insider Selling: Texas Roadhouse (NASDAQ:TXRH) Director Sells 1,700 Shares of Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Gregory Moore sold 1,700 shares of the business’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $171.59, for a total transaction of $291,703.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Texas Roadhouse Stock Performance

Shares of TXRH traded down $3.50 during trading hours on Friday, reaching $171.54. The stock had a trading volume of 1,064,649 shares, compared to its average volume of 1,079,760. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $199.99. The stock has a market capitalization of $11.35 billion, a PE ratio of 28.17, a PEG ratio of 1.90 and a beta of 0.86. The company’s 50-day moving average is $182.52 and its two-hundred day moving average is $173.70.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25). The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a return on equity of 27.88% and a net margin of 6.90%.Texas Roadhouse’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.73 EPS. Equities analysts anticipate 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, March 31st. Investors of record on Tuesday, March 17th will be issued a $0.75 dividend. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.68. The ex-dividend date is Tuesday, March 17th. This represents a $3.00 dividend on an annualized basis and a yield of 1.7%. Texas Roadhouse’s dividend payout ratio (DPR) is 44.66%.

Analyst Ratings Changes

TXRH has been the subject of several recent research reports. Zacks Research upgraded shares of Texas Roadhouse from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 8th. Mizuho boosted their price objective on shares of Texas Roadhouse from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Morgan Stanley lowered their target price on Texas Roadhouse from $208.00 to $202.00 and set an “overweight” rating for the company in a research report on Monday, February 23rd. Stephens lifted their target price on Texas Roadhouse from $168.00 to $180.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. Finally, Benchmark reissued a “hold” rating on shares of Texas Roadhouse in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.55.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TXRH. NewEdge Advisors LLC grew its stake in Texas Roadhouse by 12.0% during the first quarter. NewEdge Advisors LLC now owns 2,423 shares of the restaurant operator’s stock worth $404,000 after purchasing an additional 259 shares during the period. Focus Partners Wealth grew its position in shares of Texas Roadhouse by 23.3% during the 1st quarter. Focus Partners Wealth now owns 6,124 shares of the restaurant operator’s stock worth $1,020,000 after buying an additional 1,157 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Texas Roadhouse by 36.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock worth $70,000 after buying an additional 111 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Texas Roadhouse in the 2nd quarter valued at $657,000. Finally, Sigma Planning Corp lifted its position in shares of Texas Roadhouse by 8.1% during the 2nd quarter. Sigma Planning Corp now owns 2,228 shares of the restaurant operator’s stock valued at $418,000 after acquiring an additional 166 shares during the period. 94.82% of the stock is owned by institutional investors and hedge funds.

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.