Insider Selling: Texas Roadhouse, Inc. (NASDAQ:TXRH) CTO Sells $349,853.00 in Stock

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

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH opened at $184.09 on Friday. Texas Roadhouse, Inc. has a 52 week low of $146.75 and a 52 week high of $206.04. The company has a market capitalization of $12.28 billion, a PE ratio of 28.45, a PEG ratio of 1.23 and a beta of 1.02. The company has a 50 day moving average price of $178.56 and a two-hundred day moving average price of $180.42.

Texas Roadhouse (NASDAQ:TXRH) last issued its 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 firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. On average, sell-side analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.68 per share. This is an increase 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 annualized dividend and a dividend yield of 1.48%. Texas Roadhouse’s dividend payout ratio is currently 42.04%.

Institutional Investors Weigh In On Texas Roadhouse

Several large investors have recently made changes to their positions in the stock. Kingsview Wealth Management LLC increased its position in shares of Texas Roadhouse by 3.1% during the third quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator’s stock worth $313,000 after acquiring an additional 54 shares in the last quarter. Cornerstone Investment Partners LLC increased its position in shares of Texas Roadhouse by 2.7% during the fourth quarter. Cornerstone Investment Partners LLC now owns 2,159 shares of the restaurant operator’s stock worth $390,000 after acquiring an additional 56 shares in the last quarter. Lifestyle Asset Management Inc. increased its position in shares of Texas Roadhouse by 3.9% during the fourth quarter. Lifestyle Asset Management Inc. now owns 1,603 shares of the restaurant operator’s stock worth $289,000 after acquiring an additional 60 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Texas Roadhouse by 3.3% during the third quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator’s stock worth $345,000 after acquiring an additional 62 shares in the last quarter. 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 worth $48,000 after acquiring an additional 65 shares in the last quarter. Institutional investors own 94.82% of the company’s stock.

Wall Street Analysts Forecast Growth

TXRH has been the topic of a number of research reports. 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. The Goldman Sachs Group initiated coverage on shares of Texas Roadhouse in a research report on Thursday, December 5th. They set a “neutral” rating and a $213.00 target price on the stock. 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. Royal Bank of Canada reduced their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating on the stock in a research report on Friday, February 21st. Finally, Morgan Stanley upgraded shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $205.00 to $213.00 in a research report on Tuesday, January 21st. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Texas Roadhouse presently has an average rating of “Moderate Buy” and an average target price of $192.73.

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.