Gregory N. Moore Sells 2,700 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Gregory N. Moore sold 2,700 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $168.26, for a total transaction of $454,302.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Texas Roadhouse Trading Up 1.2 %

TXRH stock opened at $177.90 on Friday. The firm’s 50-day moving average price is $178.51 and its two-hundred day moving average price is $180.31. Texas Roadhouse, Inc. has a 12-month low of $146.75 and a 12-month high of $206.04. The stock has a market capitalization of $11.87 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 1.23 and a beta of 1.02.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data 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 net margin of 8.07% and a return on equity of 34.02%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Equities analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a $0.68 dividend. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.53%. Texas Roadhouse’s payout ratio is presently 42.04%.

Hedge Funds Weigh In On Texas Roadhouse

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

Analyst Upgrades and Downgrades

Several research analysts have commented on TXRH shares. Truist Financial cut their price target on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating for the company in a report on Friday, February 21st. Wedbush dropped their price objective on shares of Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, February 21st. The Goldman Sachs Group assumed coverage on shares of Texas Roadhouse in a report on Thursday, December 5th. They set a “neutral” rating and a $213.00 price objective for the company. Stephens dropped their price objective on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, February 21st. Finally, Barclays dropped their price objective on shares of Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating for the company in a report on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Texas Roadhouse presently 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.