Texas Roadhouse (NASDAQ:TXRH) CTO Hernan Mujica Sells 5,000 Shares

Key Points

• CTO Hernan Mujica sold 5,000 shares on March 13 at an average price of $170, totaling $850,000 and reducing his stake by 24.33% to 15,552 shares (≈$2.64M).
• Quarterly results missed estimates: the company reported EPS of $1.28 versus $1.53 expected and revenue of $1.48B versus $1.50B, with revenue up 3.1% year-over-year, ROE of 27.88% and a 6.90% net margin.
• Dividend increased to $0.75 per quarter (ex-dividend March 17, payable March 31), equal to a $3.00 annualized dividend and roughly a 1.8% yield with a 44.66% payout ratio.

Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) CTO Hernan Mujica sold 5,000 shares of the firm's stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $170.00, for a total transaction of $850,000.00. Following the sale, the chief technology officer directly owned 15,552 shares in the company, valued at approximately $2,643,840. The trade was a 24.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH traded up $0.80 during midday trading on Friday, hitting $170.24. 587,867 shares of the stock traded hands, compared to its average volume of 1,067,697. The firm has a market capitalization of $11.26 billion, a P/E ratio of 27.95, a PEG ratio of 1.84 and a beta of 0.86. The firm has a 50-day moving average of $182.87 and a two-hundred day moving average of $173.56. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $199.99.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings data on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.25). Texas Roadhouse had a return on equity of 27.88% and a net margin of 6.90%.The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the company earned $1.73 EPS. Texas Roadhouse's revenue for the quarter was up 3.1% on a year-over-year basis. Equities analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $0.75 dividend. This is a positive change from Texas Roadhouse's previous quarterly dividend of $0.68. The ex-dividend date is Tuesday, March 17th. This represents a $3.00 annualized dividend and a dividend yield of 1.8%. Texas Roadhouse's dividend payout ratio (DPR) is currently 44.66%.

Institutional Trading of Texas Roadhouse

Hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC increased its holdings in shares of Texas Roadhouse by 12.0% in the first quarter. NewEdge Advisors LLC now owns 2,423 shares of the restaurant operator's stock worth $404,000 after purchasing an additional 259 shares during the last quarter. Focus Partners Wealth boosted its stake in Texas Roadhouse by 23.3% during the first quarter. Focus Partners Wealth now owns 6,124 shares of the restaurant operator's stock valued at $1,020,000 after buying an additional 1,157 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Texas Roadhouse by 36.0% during the first quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator's stock valued at $70,000 after buying an additional 111 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Texas Roadhouse during the 2nd quarter valued at approximately $657,000. Finally, Aviva PLC increased its stake in Texas Roadhouse by 4.2% in the 2nd quarter. Aviva PLC now owns 2,428 shares of the restaurant operator's stock worth $455,000 after acquiring an additional 98 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

Analysts Set New Price Targets

TXRH has been the topic of several recent research reports. Barclays set a $188.00 price objective on Texas Roadhouse in a research note on Friday, February 20th. Zacks Research raised shares of Texas Roadhouse from a "strong sell" rating to a "hold" rating in a report on Thursday, January 8th. BMO Capital Markets reissued a "market perform" rating and issued a $165.00 price objective on shares of Texas Roadhouse in a research note on Friday, February 20th. Citigroup decreased their price objective on shares of Texas Roadhouse from $190.00 to $184.00 and set a "neutral" rating on the stock in a research report on Friday, February 20th. Finally, Truist Financial dropped their target price on shares of Texas Roadhouse from $188.00 to $186.00 and set a "hold" rating for the company in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and thirteen have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $196.55.

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.

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