Texas Roadhouse, Inc. (NASDAQ:TXRH) CTO Hernan E. Mujica Sells 2,050 Shares

Texas Roadhouse, Inc. (NASDAQ:TXRH) CTO Hernan E. Mujica sold 2,050 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $170.66, for a total value of $349,853.00. Following the completion of the sale, the chief technology officer now owns 17,162 shares of the company’s stock, valued at approximately $2,928,866.92. This trade represents a 10.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Texas Roadhouse Price Performance

TXRH stock opened at $175.71 on Thursday. The firm has a fifty day moving average price of $178.67 and a two-hundred day moving average price of $180.36. Texas Roadhouse, Inc. has a 1-year low of $146.75 and a 1-year high of $206.04. The firm has a market cap of $11.72 billion, a price-to-earnings ratio of 27.16, 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 for the quarter, topping 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 firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.41 billion. As a group, analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

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 $0.68 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a yield of 1.55%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 42.04%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Texas Roadhouse by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator’s stock valued at $1,180,123,000 after buying an additional 76,051 shares during the last quarter. Invesco Ltd. increased its position in Texas Roadhouse by 5.9% in the 4th quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator’s stock valued at $447,344,000 after acquiring an additional 138,675 shares during the period. State Street Corp raised its stake in Texas Roadhouse by 2.0% during the 3rd quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator’s stock valued at $350,171,000 after acquiring an additional 38,723 shares in the last quarter. FMR LLC boosted its position in Texas Roadhouse by 44.8% during the 4th quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator’s stock worth $234,737,000 after acquiring an additional 402,465 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Texas Roadhouse by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator’s stock worth $217,959,000 after purchasing an additional 6,004 shares in the last quarter. Institutional investors own 94.82% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. 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. Barclays decreased their target price on shares of 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. Citigroup lifted 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. Stephens cut their price objective on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, February 21st. Finally, The Goldman Sachs Group started coverage on Texas Roadhouse in a research note on Thursday, December 5th. They set a “neutral” rating and a $213.00 target price for the company. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Texas Roadhouse currently has an average rating of “Moderate Buy” and an average target price of $192.50.

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.