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

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Curtis Warfield sold 3,281 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 6,801 shares of the company’s stock, valued at $1,249,139.67. This trade represents a 32.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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 Price Performance

Shares of TXRH opened at $179.23 on Friday. Texas Roadhouse, Inc. has a 1 year low of $146.75 and a 1 year high of $206.04. The company has a 50 day simple moving average of $178.62 and a two-hundred day simple moving average of $180.82. The firm has a market cap of $11.96 billion, a P/E ratio of 27.70, a price-to-earnings-growth ratio of 1.23 and a beta of 1.02.

Texas Roadhouse (NASDAQ:TXRH) last announced 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 business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. On average, sell-side analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a $0.68 dividend. The ex-dividend date is Tuesday, March 18th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.52%. Texas Roadhouse’s dividend payout ratio (DPR) is 42.04%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TXRH. Norges Bank purchased a new position in shares of Texas Roadhouse in the fourth quarter valued at $155,239,000. FMR LLC grew its holdings in shares of Texas Roadhouse by 81.6% in the third quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock valued at $158,679,000 after purchasing an additional 403,720 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Texas Roadhouse by 76.0% in the third quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator’s stock valued at $157,375,000 after purchasing an additional 385,998 shares in the last quarter. Erste Asset Management GmbH purchased a new position in shares of Texas Roadhouse in the third quarter valued at $66,609,000. Finally, T. Rowe Price Investment Management Inc. grew its holdings in shares of Texas Roadhouse by 255.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 520,352 shares of the restaurant operator’s stock valued at $93,888,000 after purchasing an additional 373,812 shares in the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Morgan Stanley upgraded shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $205.00 to $213.00 in a report on Tuesday, January 21st. Truist Financial decreased their price objective 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. Guggenheim reduced their target price on shares of Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Stephens reduced their target price on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, February 21st. Finally, Barclays reduced their target price on shares of Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating on the stock in a research report on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Roadhouse currently 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.