Christopher C. Colson Sells 1,370 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) insider Christopher C. Colson sold 1,370 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $1,794,600. This represents a 12.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Texas Roadhouse Stock Performance

Shares of TXRH stock traded down $3.93 on Friday, hitting $178.12. The stock had a trading volume of 1,189,292 shares, compared to its average volume of 828,999. The firm has a market capitalization of $11.88 billion, a price-to-earnings ratio of 30.60, a P/E/G ratio of 1.59 and a beta of 1.01. The stock’s 50 day moving average is $190.48 and its 200-day moving average is $178.50. Texas Roadhouse, Inc. has a 52-week low of $115.48 and a 52-week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.06). The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The company’s revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.95 earnings per share. Equities analysts expect 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 was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.37%. Texas Roadhouse’s dividend payout ratio (DPR) is 41.92%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Barclays boosted their target price on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Wedbush restated an “outperform” rating and issued a $200.00 target price on shares of Texas Roadhouse in a report on Thursday, December 19th. Guggenheim boosted their target price on shares of Texas Roadhouse from $190.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Stifel Nicolaus boosted their price objective on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, Robert W. Baird boosted their price objective on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Fourteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Texas Roadhouse presently has an average rating of “Hold” and a consensus price target of $190.26.

Institutional Trading of Texas Roadhouse

Institutional investors and hedge funds have recently modified their holdings of the business. Hollencrest Capital Management acquired a new stake in shares of Texas Roadhouse during the second quarter worth $25,000. True Wealth Design LLC bought a new position in shares of Texas Roadhouse during the third quarter worth about $30,000. PSI Advisors LLC grew its position in shares of Texas Roadhouse by 70.8% during the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after acquiring an additional 75 shares during the last quarter. UMB Bank n.a. grew its position in shares of Texas Roadhouse by 118.6% during the third quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 140 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Texas Roadhouse during the second quarter worth about $47,000. 94.82% of the stock is owned by institutional investors and hedge funds.

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.