Hernan E. Mujica Sells 1,500 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) CTO Hernan E. Mujica sold 1,500 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total value of $303,390.00. Following the transaction, the chief technology officer now owns 16,342 shares in the company, valued at $3,305,332.92. The trade was a 8.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Texas Roadhouse Trading Down 0.5 %

Shares of NASDAQ:TXRH traded down $0.92 during mid-day trading on Friday, hitting $197.99. 592,374 shares of the company traded hands, compared to its average volume of 772,787. The stock has a 50-day moving average price of $179.55 and a two-hundred day moving average price of $172.37. Texas Roadhouse, Inc. has a 12-month low of $109.13 and a 12-month high of $203.32. The stock has a market cap of $13.21 billion, a P/E ratio of 34.01, a P/E/G ratio of 1.71 and a beta of 0.98.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The business had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.27 billion. During the same period in the prior year, the firm posted $0.95 EPS. The firm's revenue for the quarter was up 13.5% on a year-over-year basis. As a group, analysts expect that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.44 annualized dividend and a dividend yield of 1.23%. Texas Roadhouse's payout ratio is presently 41.92%.

Institutional Trading of Texas Roadhouse

Several hedge funds have recently made changes to their positions in the company. Kingsview Wealth Management LLC raised its stake in shares of Texas Roadhouse by 3.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator's stock valued at $313,000 after purchasing an additional 54 shares during the period. CIBC Asset Management Inc increased its stake in Texas Roadhouse by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator's stock worth $345,000 after acquiring an additional 62 shares during the last quarter. Insight Wealth Partners LLC boosted its holdings in shares of Texas Roadhouse by 3.9% in the 3rd quarter. Insight Wealth Partners LLC now owns 1,818 shares of the restaurant operator's stock worth $321,000 after purchasing an additional 68 shares in the last quarter. PSI Advisors LLC boosted its holdings in shares of Texas Roadhouse by 70.8% in the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock worth $32,000 after purchasing an additional 75 shares in the last quarter. Finally, Angeles Wealth Management LLC boosted its holdings in shares of Texas Roadhouse by 5.4% in the 3rd quarter. Angeles Wealth Management LLC now owns 1,469 shares of the restaurant operator's stock worth $259,000 after purchasing an additional 75 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TXRH has been the topic of several recent research reports. Barclays increased their price objective on Texas Roadhouse from $160.00 to $175.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Citigroup lifted their price target on Texas Roadhouse from $192.00 to $201.00 and gave the company a "buy" rating in a research note on Tuesday, October 1st. Evercore ISI lifted their price target on Texas Roadhouse from $195.00 to $200.00 and gave the company an "outperform" rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. lowered their price objective on Texas Roadhouse from $184.00 to $180.00 and set a "neutral" rating for the company in a research report on Monday, July 29th. Finally, BMO Capital Markets lifted their target price on Texas Roadhouse from $155.00 to $162.00 and gave the stock a "market perform" rating in a report on Friday, October 25th. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $189.00.

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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