Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Gregory N. Moore Sells 2,700 Shares of Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Gregory N. Moore sold 2,700 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $168.26, for a total transaction of $454,302.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Texas Roadhouse Trading Up 0.5 %

NASDAQ TXRH opened at $175.71 on Thursday. The company has a market capitalization of $11.72 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 1.23 and a beta of 1.02. Texas Roadhouse, Inc. has a 1-year low of $146.75 and a 1-year high of $206.04. The firm’s fifty day simple moving average is $178.67 and its 200-day simple moving average is $180.36.

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

Texas Roadhouse Increases Dividend

The firm also recently announced 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 represents a $2.72 annualized dividend and a yield of 1.55%. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Tuesday, March 18th. Texas Roadhouse’s payout ratio is currently 42.04%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. acquired a new position in Texas Roadhouse during the fourth quarter worth $30,000. True Wealth Design LLC bought a new position in shares of Texas Roadhouse in the 3rd quarter valued at approximately $30,000. Coppell Advisory Solutions LLC lifted its holdings in Texas Roadhouse by 56.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 71 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Texas Roadhouse in the 4th quarter worth approximately $36,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Texas Roadhouse by 32.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on TXRH. Stifel Nicolaus cut their target price on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating for the company in a research note on Friday, February 21st. Barclays cut their price objective on 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. Morgan Stanley upgraded Texas Roadhouse from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $205.00 to $213.00 in a report on Tuesday, January 21st. The Goldman Sachs Group started coverage on Texas Roadhouse in a report on Thursday, December 5th. They set a “neutral” rating and a $213.00 target price for the company. Finally, Gordon Haskett lowered Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target for the company. in a research report on Wednesday, January 8th. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.50.

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.