Texas Roadhouse (NASDAQ:TXRH) Shares Down 4.3% - Time to Sell?

Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report)'s stock price dropped 4.3% during mid-day trading on Monday . The company traded as low as $183.06 and last traded at $184.69. Approximately 202,946 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 926,297 shares. The stock had previously closed at $193.02.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TXRH shares. Stifel Nicolaus lowered their target price on Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating for the company in a research report on Tuesday, April 15th. Robert W. Baird set a $180.00 target price on shares of Texas Roadhouse and gave the company an "outperform" rating in a research report on Monday, April 7th. The Goldman Sachs Group upped their price objective on Texas Roadhouse from $184.00 to $205.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. decreased their price target on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Finally, Guggenheim cut their price target on shares of Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Ten investment 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.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $191.71.

Texas Roadhouse Stock Down 4.0%

The company has a market capitalization of $12.29 billion, a PE ratio of 28.44, a PEG ratio of 2.58 and a beta of 0.89. The stock's fifty day simple moving average is $181.64 and its 200-day simple moving average is $178.56.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by ($0.05). Texas Roadhouse had a net margin of 7.89% and a return on equity of 32.33%. The company had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the previous year, the company posted $1.69 EPS. Texas Roadhouse's quarterly revenue was up 11.8% compared to the same quarter last year. Analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd will be paid a dividend of $0.68 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $2.72 annualized dividend and a yield of 1.47%. Texas Roadhouse's dividend payout ratio is presently 41.98%.

Insider Transactions at Texas Roadhouse

In related news, Director Gregory N. Moore sold 1,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $187.62, for a total transaction of $187,620.00. Following the transaction, the director now directly owns 38,050 shares in the company, valued at $7,138,941. This trade represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Donna E. Epps sold 800 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $186.52, for a total transaction of $149,216.00. Following the sale, the director now directly owns 4,632 shares of the company's stock, valued at approximately $863,960.64. This represents a 14.73% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company's stock.

Institutional Trading of Texas Roadhouse

Hedge funds have recently bought and sold shares of the company. CIBC Asset Management Inc increased its holdings in shares of Texas Roadhouse by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 2,052 shares of the restaurant operator's stock valued at $370,000 after purchasing an additional 100 shares during the period. Venturi Wealth Management LLC bought a new stake in shares of Texas Roadhouse during the 4th quarter worth about $152,000. Ieq Capital LLC boosted its holdings in shares of Texas Roadhouse by 187.7% in the fourth quarter. Ieq Capital LLC now owns 10,002 shares of the restaurant operator's stock valued at $1,805,000 after acquiring an additional 6,525 shares in the last quarter. ING Groep NV increased its stake in shares of Texas Roadhouse by 57.5% during the fourth quarter. ING Groep NV now owns 12,600 shares of the restaurant operator's stock valued at $2,273,000 after acquiring an additional 4,600 shares during the period. Finally, Olympiad Research LP bought a new position in Texas Roadhouse during the 4th quarter valued at $320,000. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Company Profile

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.

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