Texas Roadhouse (NASDAQ:TXRH) President Regina Tobin Sells 4,450 Shares of Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) President Regina Tobin sold 4,450 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $171.00, for a total value of $760,950.00. Following the completion of the transaction, the president owned 13,778 shares of the company’s stock, valued at approximately $2,356,038. The trade was a 24.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Texas Roadhouse Price Performance

NASDAQ:TXRH opened at $170.89 on Friday. The firm has a market capitalization of $11.30 billion, a P/E ratio of 28.06, a P/E/G ratio of 1.86 and a beta of 0.86. The business has a 50 day simple moving average of $182.00 and a 200 day simple moving average of $173.46. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last posted 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 company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.50 billion. Texas Roadhouse had a net margin of 6.90% and a return on equity of 27.88%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.73 earnings per share. Research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a $0.75 dividend. The ex-dividend date is Tuesday, March 17th. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.68. This represents a $3.00 annualized dividend and a dividend yield of 1.8%. Texas Roadhouse’s dividend payout ratio (DPR) is 49.26%.

Analyst Upgrades and Downgrades

TXRH has been the subject of a number of recent analyst reports. Stephens increased their price objective on Texas Roadhouse from $168.00 to $180.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. KeyCorp reiterated a “sector weight” rating on shares of Texas Roadhouse in a research report on Friday, February 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Texas Roadhouse in a research note on Monday, December 29th. BMO Capital Markets reissued a “market perform” rating and set a $165.00 price target on shares of Texas Roadhouse in a report on Friday, February 20th. Finally, TD Cowen started coverage on shares of Texas Roadhouse in a research note on Tuesday, January 20th. They set a “buy” rating and a $215.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $196.55.

Institutional Investors Weigh In On Texas Roadhouse

Hedge funds and other institutional investors have recently bought and sold shares of the business. Elyxium Wealth LLC acquired a new position in shares of Texas Roadhouse in the 4th quarter worth approximately $25,000. Caldwell Trust Co acquired a new stake in Texas Roadhouse during the second quarter valued at approximately $28,000. Princeton Global Asset Management LLC bought a new stake in Texas Roadhouse during the fourth quarter worth approximately $31,000. Measured Wealth Private Client Group LLC bought a new stake in Texas Roadhouse during the third quarter worth approximately $33,000. Finally, Garton & Associates Financial Advisors LLC acquired a new position in Texas Roadhouse in the fourth quarter worth approximately $34,000. 94.82% of the stock is currently owned by institutional investors.

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.