Regina A. Tobin Sells 3,154 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) President Regina A. Tobin sold 3,154 shares of Texas Roadhouse stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total transaction of $585,508.56. Following the transaction, the president now directly owns 18,414 shares of the company's stock, valued at $3,418,374.96. This represents a 14.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Texas Roadhouse Trading Down 0.1 %

Shares of NASDAQ:TXRH traded down $0.20 on Friday, hitting $179.03. The company had a trading volume of 1,316,159 shares, compared to its average volume of 1,169,521. Texas Roadhouse, Inc. has a 1-year low of $146.75 and a 1-year high of $206.04. The stock has a market cap of $11.94 billion, a price-to-earnings ratio of 27.67, a P/E/G ratio of 1.23 and a beta of 1.00. The stock has a 50 day moving average price of $178.57 and a 200 day moving average price of $180.99.

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

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Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a dividend of $0.68 per share. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. The ex-dividend date is Tuesday, March 18th. This represents a $2.72 annualized dividend and a yield of 1.52%. Texas Roadhouse's dividend payout ratio is currently 42.04%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TXRH shares. Wedbush lowered their price objective on shares of Texas Roadhouse from $220.00 to $200.00 and set an "outperform" rating for the company in a research report on Friday, February 21st. Gordon Haskett lowered shares of Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 price objective on the stock. in a research note on Wednesday, January 8th. Guggenheim reduced their price objective on shares of Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Stephens cut their price target on shares of Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating on the stock in a research note on Friday, February 21st. Finally, Royal Bank of Canada cut their price target on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating on the stock in a research note on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating and twelve have given 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 target price of $192.73.

Institutional Investors Weigh In On Texas Roadhouse

Several institutional investors and hedge funds have recently bought and sold shares of the company. True Wealth Design LLC bought a new position in shares of Texas Roadhouse in the third quarter worth about $30,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Texas Roadhouse during the 4th quarter valued at approximately $30,000. Coppell Advisory Solutions LLC increased its position in Texas Roadhouse by 56.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock valued at $35,000 after purchasing an additional 71 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Texas Roadhouse during the 4th quarter valued at approximately $36,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Texas Roadhouse by 32.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock worth $48,000 after buying an additional 65 shares during the period. Institutional investors own 94.82% of the company's stock.

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.