Insider Selling: Texas Roadhouse (NASDAQ:TXRH) Insider Sells $89,430.78 in Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) insider Christopher Colson sold 499 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $179.22, for a total value of $89,430.78. Following the completion of the sale, the insider directly owned 14,500 shares in the company, valued at $2,598,690. This trade represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Texas Roadhouse Trading Up 0.1%

Texas Roadhouse stock opened at $180.62 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 0.03. The business’s fifty day simple moving average is $168.07 and its two-hundred day simple moving average is $173.65. Texas Roadhouse, Inc. has a 12 month low of $153.82 and a 12 month high of $197.99. The company has a market capitalization of $11.87 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 1.98 and a beta of 0.77.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 EPS for the quarter, topping the consensus estimate of $1.80 by $0.07. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the company posted $1.70 earnings per share. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, equities analysts predict that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 2nd will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, June 2nd. Texas Roadhouse’s dividend payout ratio is presently 47.92%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Mizuho upped their price target on Texas Roadhouse from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Wall Street Zen raised Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. BTIG Research reaffirmed a “buy” rating and set a $200.00 price target on shares of Texas Roadhouse in a report on Friday, February 20th. Benchmark reaffirmed a “hold” rating on shares of Texas Roadhouse in a report on Monday, February 23rd. Finally, Stephens upped their price target on Texas Roadhouse from $168.00 to $180.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, Texas Roadhouse currently has a consensus rating of “Hold” and a consensus target price of $196.36.

Institutional Investors Weigh In On Texas Roadhouse

A number of hedge funds have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. raised its stake in Texas Roadhouse by 14.7% during the 3rd quarter. Alliancebernstein L.P. now owns 3,638,914 shares of the restaurant operator’s stock valued at $604,606,000 after buying an additional 466,176 shares during the last quarter. AQR Capital Management LLC raised its stake in Texas Roadhouse by 27.4% during the 4th quarter. AQR Capital Management LLC now owns 2,674,102 shares of the restaurant operator’s stock valued at $443,901,000 after buying an additional 575,685 shares during the last quarter. Capital World Investors raised its stake in Texas Roadhouse by 13.4% during the 4th quarter. Capital World Investors now owns 2,537,290 shares of the restaurant operator’s stock valued at $421,190,000 after buying an additional 300,405 shares during the last quarter. UBS Group AG raised its stake in Texas Roadhouse by 60.4% during the 4th quarter. UBS Group AG now owns 1,387,454 shares of the restaurant operator’s stock valued at $230,317,000 after buying an additional 522,509 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Texas Roadhouse by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,367,120 shares of the restaurant operator’s stock valued at $226,984,000 after buying an additional 24,834 shares during the last quarter. 94.82% of the stock is currently owned by hedge funds and other 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.