Texas Roadhouse, Inc. (NASDAQ:TXRH) CTO Hernan E. Mujica Sells 1,500 Shares of Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) CTO Hernan E. Mujica sold 1,500 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the sale, the chief technology officer now owns 16,342 shares of the company’s stock, valued at approximately $3,305,332.92. The trade was a 8.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH opened at $197.99 on Friday. The stock’s 50-day simple moving average is $179.55 and its 200-day simple moving average is $172.37. The firm has a market capitalization of $13.21 billion, a PE ratio of 34.02, a price-to-earnings-growth ratio of 1.71 and a beta of 0.98. Texas Roadhouse, Inc. has a fifty-two week low of $109.13 and a fifty-two week high of $203.32.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). The firm 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 firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period last year, the company earned $0.95 earnings per share. On average, sell-side analysts forecast that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a $0.61 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.23%. Texas Roadhouse’s payout ratio is 41.92%.

Institutional Trading of Texas Roadhouse

Institutional investors and hedge funds have recently bought and sold shares of the business. Marshall Wace LLP increased its stake in Texas Roadhouse by 128.9% in the second quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock valued at $131,375,000 after purchasing an additional 430,814 shares during the period. FMR LLC boosted its stake in shares of Texas Roadhouse by 81.6% during the third quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock worth $158,679,000 after buying an additional 403,720 shares during the period. Erste Asset Management GmbH purchased a new position in shares of Texas Roadhouse during the third quarter worth about $66,609,000. Fiera Capital Corp acquired a new position in Texas Roadhouse in the 3rd quarter valued at about $41,670,000. Finally, Bank of Montreal Can raised its stake in Texas Roadhouse by 2,216.1% during the 3rd quarter. Bank of Montreal Can now owns 176,280 shares of the restaurant operator’s stock valued at $30,831,000 after acquiring an additional 168,669 shares during the last quarter. 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. Evercore ISI increased their price target on Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Citigroup lifted their price target on Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Robert W. Baird boosted their price target on shares of Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Loop Capital cut their price objective on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Finally, Royal Bank of Canada boosted their target price on shares of Texas Roadhouse from $175.00 to $185.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $189.00.

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.