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

Key Points

• Insider sale: Texas Roadhouse insider Christopher Colson sold 499 shares at an average price of $179.22, totaling about $89,430.78. After the sale, he still owned 14,500 shares.
• Stock and earnings update: TXRH shares were down 0.6% to $180.35 in Thursday trading. The company recently beat quarterly EPS expectations, reporting $1.87 per share versus $1.80 expected, while revenue came in slightly below estimates.
• Dividend and analyst view: Texas Roadhouse announced a $0.75 quarterly dividend payable June 30, for an annualized yield of 1.7%. Wall Street’s consensus rating remains Hold, with an average price target of $196.36.

Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) insider Christopher Colson sold 499 shares of Texas Roadhouse stock in a transaction dated 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 transaction, the insider owned 14,500 shares in the company, valued at approximately $2,598,690. This represents a 3.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Texas Roadhouse Trading Down 0.6%

Shares of TXRH traded down $1.14 during trading hours on Thursday, hitting $180.35. The company had a trading volume of 959,155 shares, compared to its average volume of 1,284,667. The firm has a market cap of $11.85 billion, a P/E ratio of 28.81, a P/E/G ratio of 1.99 and a beta of 0.77. The stock's 50 day moving average price is $167.83 and its 200 day moving average price is $173.60. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 0.03. Texas Roadhouse, Inc. has a 52-week low of $153.82 and a 52-week high of $197.99.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $1.87 EPS for the quarter, topping the consensus estimate of $1.80 by $0.07. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The company's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.70 earnings per share. On average, research analysts predict that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd will be paid a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $3.00 annualized dividend and a dividend yield of 1.7%. Texas Roadhouse's dividend payout ratio (DPR) is presently 47.92%.

Institutional Trading of Texas Roadhouse

Several large investors have recently bought and sold shares of the company. Alliancebernstein L.P. boosted its position in shares of Texas Roadhouse by 14.7% in the 3rd quarter. Alliancebernstein L.P. now owns 3,638,914 shares of the restaurant operator's stock worth $604,606,000 after purchasing an additional 466,176 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Texas Roadhouse by 27.4% in the 4th quarter. AQR Capital Management LLC now owns 2,674,102 shares of the restaurant operator's stock worth $443,901,000 after purchasing an additional 575,685 shares in the last quarter. Capital World Investors boosted its position in shares of Texas Roadhouse by 13.4% in the 4th quarter. Capital World Investors now owns 2,537,290 shares of the restaurant operator's stock worth $421,190,000 after purchasing an additional 300,405 shares in the last quarter. UBS Group AG boosted its position in shares of Texas Roadhouse by 60.4% in the 4th quarter. UBS Group AG now owns 1,387,454 shares of the restaurant operator's stock worth $230,317,000 after purchasing an additional 522,509 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Texas Roadhouse by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,367,120 shares of the restaurant operator's stock worth $226,984,000 after purchasing an additional 24,834 shares in the last quarter. 94.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TXRH. Stifel Nicolaus raised their target price on Texas Roadhouse from $170.00 to $180.00 and gave the stock a "hold" rating in a research note on Tuesday, May 12th. Citigroup cut their target price on Texas Roadhouse from $176.00 to $174.00 and set a "neutral" rating on the stock in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $200.00 target price on shares of Texas Roadhouse in a research note on Friday, May 8th. Mizuho raised their target price on Texas Roadhouse from $190.00 to $200.00 and gave the stock an "outperform" rating in a research note on Thursday, February 12th. Finally, Piper Sandler raised their target price on Texas Roadhouse from $190.00 to $192.00 and gave the stock a "neutral" rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat.com, Texas Roadhouse currently has an average rating of "Hold" and an average price target of $196.36.

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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