Texas Roadhouse Sees Unusually High Options Volume (NASDAQ:TXRH)

Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) was the target of unusually large options trading on Tuesday. Investors bought 3,420 put options on the stock. This is an increase of approximately 134% compared to the typical daily volume of 1,462 put options.

Insider Transactions at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the transaction, the insider now directly owns 10,000 shares in the company, valued at $1,794,600. The trade was a 12.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Hernan E. Mujica sold 2,050 shares of Texas Roadhouse stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $170.66, for a total value of $349,853.00. Following the transaction, the chief technology officer now owns 17,162 shares of the company's stock, valued at $2,928,866.92. This represents a 10.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,905 shares of company stock valued at $3,198,367 in the last quarter. 0.50% of the stock is currently owned by corporate insiders.

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Institutional Investors Weigh In On Texas Roadhouse

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

Texas Roadhouse Trading Down 0.5 %

TXRH stock traded down $0.87 during trading on Friday, reaching $169.88. The stock had a trading volume of 1,548,158 shares, compared to its average volume of 813,719. The firm has a fifty day moving average price of $176.79 and a 200 day moving average price of $181.24. The company has a market capitalization of $11.29 billion, a P/E ratio of 26.26, a PEG ratio of 1.23 and a beta of 1.00. Texas Roadhouse has a 1-year low of $146.75 and a 1-year high of $206.04.

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

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.68 per share. This is a positive change from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a yield of 1.60%. The ex-dividend date is Tuesday, March 18th. Texas Roadhouse's dividend payout ratio (DPR) is currently 42.04%.

Wall Street Analysts Forecast Growth

TXRH has been the topic of a number of recent analyst reports. Royal Bank of Canada reduced their price target on 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. The Goldman Sachs Group initiated coverage on Texas Roadhouse in a research note on Thursday, December 5th. They set a "neutral" rating and a $213.00 price target on the stock. Gordon Haskett lowered Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 price target on the stock. in a research note on Wednesday, January 8th. Wedbush reduced their price target on Texas Roadhouse from $220.00 to $200.00 and set an "outperform" rating on the stock in a research note on Friday, February 21st. Finally, Citigroup increased their price target on Texas Roadhouse from $212.00 to $213.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Texas Roadhouse currently has a consensus rating of "Moderate Buy" and an average target price of $192.91.

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.