Insider Selling: Texas Roadhouse, Inc. (NASDAQ:TXRH) Insider Sells 1,370 Shares of Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the transaction, the insider now directly owns 10,000 shares in the company, valued at $1,794,600. This trade represents a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Texas Roadhouse Price Performance

Shares of TXRH opened at $178.12 on Friday. The firm has a market cap of $11.88 billion, a P/E ratio of 30.60, a price-to-earnings-growth ratio of 1.59 and a beta of 1.01. Texas Roadhouse, Inc. has a 1 year low of $115.48 and a 1 year high of $206.04. The company has a 50 day simple moving average of $190.48 and a two-hundred day simple moving average of $178.50.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The business’s revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.95 earnings per share. On average, sell-side analysts anticipate that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were given a $0.61 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.37%. Texas Roadhouse’s dividend payout ratio is currently 41.92%.

Hedge Funds Weigh In On Texas Roadhouse

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. increased its stake in Texas Roadhouse by 24.8% in the 4th quarter. Harbor Capital Advisors Inc. now owns 17,224 shares of the restaurant operator’s stock worth $3,108,000 after acquiring an additional 3,423 shares during the last quarter. First Hawaiian Bank bought a new stake in Texas Roadhouse in the fourth quarter worth $1,554,000. Central Pacific Bank Trust Division raised its stake in Texas Roadhouse by 9.1% during the fourth quarter. Central Pacific Bank Trust Division now owns 960 shares of the restaurant operator’s stock valued at $173,000 after purchasing an additional 80 shares in the last quarter. Everence Capital Management Inc. bought a new position in Texas Roadhouse during the fourth quarter valued at $309,000. Finally, GAMMA Investing LLC lifted its position in Texas Roadhouse by 40.2% during the fourth quarter. GAMMA Investing LLC now owns 1,680 shares of the restaurant operator’s stock valued at $303,000 after purchasing an additional 482 shares during the last quarter. 94.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TXRH. Evercore ISI raised their target price on shares of Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Truist Financial raised their price target on shares of Texas Roadhouse from $207.00 to $209.00 and gave the stock a “buy” rating in a report on Wednesday. Bank of America increased their target price on shares of Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Stifel Nicolaus boosted their price target on Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group started coverage on Texas Roadhouse in a report on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price objective for the company. Fourteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $190.26.

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.