Regina Tobin Sells 4,450 Shares of Texas Roadhouse (NASDAQ:TXRH) Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) President Regina Tobin sold 4,450 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $171.00, for a total transaction of $760,950.00. Following the completion of the transaction, the president directly owned 13,778 shares of the company’s stock, valued at approximately $2,356,038. This represents a 24.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Texas Roadhouse Price Performance

Shares of TXRH opened at $170.89 on Friday. The company’s fifty day moving average price is $182.00 and its 200-day moving average price is $173.48. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $199.99. The firm has a market capitalization of $11.30 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 1.85 and a beta of 0.86.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25). The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Texas Roadhouse had a return on equity of 27.88% and a net margin of 6.90%.The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business earned $1.73 EPS. As a group, research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.8%. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Tuesday, March 17th. Texas Roadhouse’s dividend payout ratio is presently 49.26%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TXRH. Barclays set a $188.00 price target on shares of Texas Roadhouse in a research report on Friday, February 20th. Citigroup cut 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 note on Friday, February 20th. KeyCorp restated a “sector weight” rating on shares of Texas Roadhouse in a research report on Friday, February 20th. BTIG Research reaffirmed a “buy” rating and set a $200.00 price target on shares of Texas Roadhouse in a research report on Friday, February 20th. Finally, Morgan Stanley decreased their price objective on Texas Roadhouse from $208.00 to $202.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $196.55.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Evergreen Capital Management LLC lifted its position in shares of Texas Roadhouse by 1.7% in the fourth quarter. Evergreen Capital Management LLC now owns 3,644 shares of the restaurant operator’s stock valued at $605,000 after acquiring an additional 60 shares in the last quarter. &PARTNERS increased its holdings in shares of Texas Roadhouse by 3.5% in the fourth quarter. &PARTNERS now owns 1,820 shares of the restaurant operator’s stock valued at $302,000 after purchasing an additional 61 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Texas Roadhouse by 11.6% during the 4th quarter. Fifth Third Bancorp now owns 644 shares of the restaurant operator’s stock worth $107,000 after acquiring an additional 67 shares during the period. Beacon Investment Advisors LLC raised its stake in Texas Roadhouse by 1.4% during the fourth quarter. Beacon Investment Advisors LLC now owns 5,338 shares of the restaurant operator’s stock worth $886,000 after purchasing an additional 72 shares during the period. Finally, Compound Planning Inc. raised its position in shares of Texas Roadhouse by 5.6% during the 4th quarter. Compound Planning Inc. now owns 1,408 shares of the restaurant operator’s stock valued at $234,000 after buying an additional 75 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

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.