Curtis Warfield Sells 3,281 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) Director Curtis Warfield sold 3,281 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $183.67, for a total transaction of $602,621.27. Following the sale, the director now owns 6,801 shares of the company's stock, valued at approximately $1,249,139.67. This represents a 32.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Curtis Warfield also recently made the following trade(s):

• On Thursday, February 27th, Curtis Warfield sold 4,190 shares of Texas Roadhouse stock. The stock was sold at an average price of $178.80, for a total transaction of $749,172.00.

Texas Roadhouse Trading Down 0.1 %

NASDAQ:TXRH traded down $0.20 during mid-day trading on Friday, hitting $179.03. 1,316,159 shares of the company's stock traded hands, compared to its average volume of 1,169,521. The firm has a 50 day moving average of $178.57 and a two-hundred day moving average of $180.99. The firm has a market capitalization of $11.94 billion, a price-to-earnings ratio of 27.67, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. Texas Roadhouse, Inc. has a 12 month low of $146.75 and a 12 month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.07. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. As a group, equities research analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Remove Ads

Texas Roadhouse Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a $0.68 dividend. The ex-dividend date is Tuesday, March 18th. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a yield of 1.52%. Texas Roadhouse's dividend payout ratio is 42.04%.

Institutional Trading of Texas Roadhouse

A number of hedge funds have recently bought and sold shares of TXRH. US Bancorp DE boosted its holdings in Texas Roadhouse by 1.1% in the 3rd quarter. US Bancorp DE now owns 13,375 shares of the restaurant operator's stock valued at $2,362,000 after purchasing an additional 150 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Texas Roadhouse by 15.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 13,801 shares of the restaurant operator's stock valued at $2,437,000 after purchasing an additional 1,861 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in Texas Roadhouse by 82.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 24,172 shares of the restaurant operator's stock valued at $4,269,000 after purchasing an additional 10,919 shares during the period. Asset Management One Co. Ltd. bought a new stake in Texas Roadhouse in the 3rd quarter valued at $1,303,000. Finally, Marks Group Wealth Management Inc boosted its holdings in Texas Roadhouse by 5.9% in the 3rd quarter. Marks Group Wealth Management Inc now owns 54,397 shares of the restaurant operator's stock valued at $9,607,000 after purchasing an additional 3,054 shares during the period. 94.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TXRH shares. Citigroup upped their price target on shares of Texas Roadhouse from $212.00 to $213.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Barclays cut their price target on Texas Roadhouse from $194.00 to $178.00 and set an "equal weight" rating for the company in a research note on Friday, February 21st. Gordon Haskett lowered Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 price target for the company. in a report on Wednesday, January 8th. Wedbush dropped their price objective on Texas Roadhouse from $220.00 to $200.00 and set an "outperform" rating on the stock in a report on Friday, February 21st. Finally, Royal Bank of Canada cut their price objective on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating on the stock in a research report on Friday, February 21st. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $192.73.

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.