Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Curtis Warfield Sells 4,190 Shares of Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Curtis Warfield sold 4,190 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $178.80, for a total transaction of $749,172.00. Following the transaction, the director now owns 10,082 shares in the company, valued at $1,802,661.60. The trade was a 29.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Texas Roadhouse Stock Performance

NASDAQ TXRH opened at $184.09 on Friday. Texas Roadhouse, Inc. has a one year low of $146.75 and a one year high of $206.04. The company has a 50-day simple moving average of $178.56 and a 200-day simple moving average of $180.42. The firm has a market capitalization of $12.28 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 1.23 and a beta of 1.02.

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

Texas Roadhouse Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.48%. This is a positive change 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 presently 42.04%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jefferies Financial Group Inc. acquired a new stake in shares of Texas Roadhouse in the 4th quarter worth approximately $371,000. Ascent Group LLC lifted its stake in shares of Texas Roadhouse by 22.7% in the 4th quarter. Ascent Group LLC now owns 8,624 shares of the restaurant operator’s stock worth $1,556,000 after acquiring an additional 1,596 shares during the period. PharVision Advisers LLC acquired a new stake in shares of Texas Roadhouse in the 4th quarter worth approximately $259,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Texas Roadhouse by 16.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,800 shares of the restaurant operator’s stock worth $29,554,000 after acquiring an additional 23,093 shares during the period. Finally, Worldquant Millennium Advisors LLC acquired a new stake in shares of Texas Roadhouse in the 4th quarter worth approximately $381,000. 94.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TXRH has been the topic of several research reports. Royal Bank of Canada lowered their price target on shares of Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating on the stock in a research report on Friday, February 21st. Guggenheim lowered their price target on shares of Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday. Truist Financial lowered their price target on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Stifel Nicolaus lowered their price target on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating on the stock in a research report on Friday, February 21st. Finally, Stephens lowered 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 report on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Texas Roadhouse presently has a consensus rating of “Moderate Buy” and an average target price 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.