Hernan E. Mujica Sells 2,050 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) CTO Hernan E. Mujica sold 2,050 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $170.66, for a total transaction of $349,853.00. Following the transaction, the chief technology officer now owns 17,162 shares in the company, valued at approximately $2,928,866.92. This trade represents a 10.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Texas Roadhouse Trading Up 1.2 %

Shares of NASDAQ TXRH opened at $177.90 on Friday. The firm has a 50 day moving average of $178.51 and a 200 day moving average of $180.31. The firm has a market capitalization of $11.87 billion, a price-to-earnings ratio of 27.50, a price-to-earnings-growth ratio of 1.23 and a beta of 1.02. Texas Roadhouse, Inc. has a 12-month low of $146.75 and a 12-month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.07. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. Sell-side analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The company 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. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Tuesday, March 18th. Texas Roadhouse’s dividend payout ratio is presently 42.04%.

Hedge Funds Weigh In On Texas Roadhouse

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Texas Roadhouse by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator’s stock worth $1,180,123,000 after purchasing an additional 76,051 shares during the period. Invesco Ltd. boosted its position in shares of Texas Roadhouse by 5.9% in the fourth quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator’s stock worth $447,344,000 after purchasing an additional 138,675 shares during the period. State Street Corp boosted its position in shares of Texas Roadhouse by 2.0% in the third quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator’s stock worth $350,171,000 after purchasing an additional 38,723 shares during the period. FMR LLC boosted its position in shares of Texas Roadhouse by 44.8% during the fourth quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator’s stock worth $234,737,000 after acquiring an additional 402,465 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Texas Roadhouse by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator’s stock worth $217,959,000 after acquiring an additional 6,004 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TXRH. Stephens dropped their price target on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, February 21st. Truist Financial decreased their price target on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Wedbush reduced their target price on shares of Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. Barclays dropped their price target on shares of Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating for the company in a research report on Friday, February 21st. Finally, Royal Bank of Canada dropped their price target on shares of Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating for the company in a research report on Friday, February 21st. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $192.73.

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.