Texas Roadhouse (NASDAQ:TXRH) Trading Down 4.3% - Here's Why

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

Analysts Set New Price Targets

Several research firms have recently weighed in on TXRH. Robert W. Baird set a $180.00 price objective on shares of Texas Roadhouse and gave the stock an "outperform" rating in a research report on Monday, April 7th. Stephens reiterated an "equal weight" rating and set a $170.00 price objective on shares of Texas Roadhouse in a research report on Tuesday, June 10th. JPMorgan Chase & Co. decreased their price objective on shares of Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Citigroup cut shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $213.00 to $164.00 in a research report on Wednesday, April 23rd. Finally, Barclays decreased their price objective on shares of Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating for the company in a research report on Friday, May 9th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Texas Roadhouse currently has an average rating of "Moderate Buy" and a consensus target price of $191.71.

Texas Roadhouse Stock Up 0.6%

The stock has a market capitalization of $12.27 billion, a P/E ratio of 28.55, a price-to-earnings-growth ratio of 2.46 and a beta of 0.90. The business's 50 day simple moving average is $183.13 and its two-hundred day simple moving average is $178.62.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share 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 business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the business posted $1.69 earnings per share. The firm's quarterly revenue was up 11.8% on a year-over-year basis. Analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio (DPR) is 41.98%.

Insider Buying and Selling at Texas Roadhouse

In related news, Director Donna E. Epps sold 800 shares of the firm'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 transaction, the director now directly owns 4,632 shares of the company's stock, valued at $863,960.64. This trade represents a 14.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gregory N. Moore sold 1,000 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were 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. The trade was a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.50% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Brooklyn Investment Group lifted its position in shares of Texas Roadhouse by 478.6% during the first quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator's stock valued at $27,000 after purchasing an additional 134 shares in the last quarter. Bogart Wealth LLC purchased a new stake in Texas Roadhouse during the first quarter worth about $33,000. Coppell Advisory Solutions LLC increased its holdings in Texas Roadhouse by 56.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock worth $35,000 after buying an additional 71 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Texas Roadhouse during the fourth quarter worth about $36,000. Finally, WPG Advisers LLC purchased a new stake in Texas Roadhouse during the first quarter worth about $59,000. 94.82% of the stock is owned by institutional investors.

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.