Christopher Colson Sells 499 Shares of Texas Roadhouse (NASDAQ:TXRH) Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) insider Christopher Colson sold 499 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $179.22, for a total value of $89,430.78. Following the completion of the transaction, the insider directly owned 14,500 shares of the company’s stock, valued at approximately $2,598,690. This trade represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $180.62 on Friday. The firm has a market capitalization of $11.87 billion, a P/E ratio of 28.85, a PEG ratio of 1.98 and a beta of 0.77. The stock has a fifty day moving average price of $168.07 and a 200 day moving average price of $173.65. Texas Roadhouse, Inc. has a 52 week low of $153.82 and a 52 week high of $197.99. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 0.03.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 EPS for the quarter, beating the consensus estimate of $1.80 by $0.07. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.70 earnings per share. Equities research analysts anticipate that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, June 2nd. Texas Roadhouse’s dividend payout ratio is presently 47.92%.

Institutional Investors Weigh In On Texas Roadhouse

Institutional investors have recently added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new stake in Texas Roadhouse during the fourth quarter valued at about $25,000. Princeton Global Asset Management LLC purchased a new stake in Texas Roadhouse during the fourth quarter valued at about $31,000. Measured Wealth Private Client Group LLC purchased a new stake in Texas Roadhouse during the third quarter valued at about $33,000. Garton & Associates Financial Advisors LLC purchased a new stake in Texas Roadhouse during the fourth quarter valued at about $34,000. Finally, TD Private Client Wealth LLC grew its position in Texas Roadhouse by 137.5% during the fourth quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock valued at $44,000 after acquiring an additional 154 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on TXRH. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $200.00 target price on shares of Texas Roadhouse in a research note on Friday, May 8th. Stifel Nicolaus upped their target price on Texas Roadhouse from $170.00 to $180.00 and gave the company a “hold” rating in a research note on Tuesday, May 12th. Wells Fargo & Company dropped their target price on Texas Roadhouse from $220.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Wall Street Zen upgraded Texas Roadhouse from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. Finally, BMO Capital Markets upped their target price on Texas Roadhouse from $165.00 to $180.00 and gave the company a “market perform” rating in a research note on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $196.36.

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.