Texas Roadhouse, Inc. (NASDAQ:TXRH) Insider Christopher C. Colson Sells 1,370 Shares

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

Texas Roadhouse Trading Down 2.2 %

Shares of NASDAQ 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. The business’s 50 day moving average is $190.48 and its 200-day moving average is $178.55. Texas Roadhouse, Inc. has a 1-year low of $115.48 and a 1-year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data 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 firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 EPS. Analysts forecast that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TXRH shares. Truist Financial increased their price objective on Texas Roadhouse from $207.00 to $209.00 and gave the stock a “buy” rating in a report on Wednesday. Loop Capital lowered their price objective on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Stifel Nicolaus raised their target price on shares of Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a research report on Friday, October 25th. BMO Capital Markets boosted their price target on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Finally, Wedbush restated an “outperform” rating and issued a $200.00 price objective on shares of Texas Roadhouse in a report on Thursday, December 19th. Fourteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $190.26.

Hedge Funds Weigh In On Texas Roadhouse

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hollencrest Capital Management purchased a new stake in shares of Texas Roadhouse during the 2nd quarter valued at approximately $25,000. True Wealth Design LLC purchased a new stake in shares of Texas Roadhouse during the third quarter worth $30,000. PSI Advisors LLC boosted its holdings in shares of Texas Roadhouse by 70.8% in the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after acquiring an additional 75 shares during the period. UMB Bank n.a. grew its position in shares of Texas Roadhouse by 118.6% in the third quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 140 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Texas Roadhouse during the 2nd quarter valued at $47,000. Institutional investors own 94.82% of the company’s stock.

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.