Hernan Mujica Sells 5,000 Shares of Texas Roadhouse (NASDAQ:TXRH) Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) CTO Hernan Mujica sold 5,000 shares of Texas Roadhouse stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $170.00, for a total transaction of $850,000.00. Following the transaction, the chief technology officer owned 15,552 shares of the company’s stock, valued at approximately $2,643,840. The trade was a 24.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Texas Roadhouse Price Performance

TXRH stock opened at $170.24 on Friday. The company’s 50 day simple moving average is $182.87 and its 200-day simple moving average is $173.55. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $199.99. The firm has a market capitalization of $11.26 billion, a PE ratio of 27.95, a P/E/G ratio of 1.84 and a beta of 0.86.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25). Texas Roadhouse had a net margin of 6.90% and a return on equity of 27.88%. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the company posted $1.73 EPS. Texas Roadhouse’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, sell-side analysts anticipate 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, March 31st. Investors of record on Tuesday, March 17th will be given a dividend of $0.75 per share. The ex-dividend date is Tuesday, March 17th. This represents a $3.00 dividend on an annualized basis and a yield of 1.8%. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.68. Texas Roadhouse’s dividend payout ratio (DPR) is 44.66%.

Analysts Set New Price Targets

A number of brokerages have recently commented on TXRH. Morgan Stanley lowered their price target on shares of Texas Roadhouse from $208.00 to $202.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. The Goldman Sachs Group upped their price objective on shares of Texas Roadhouse from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Mizuho lifted their target price on shares of Texas Roadhouse from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Texas Roadhouse in a report on Monday, December 29th. Finally, Wells Fargo & Company increased their price target on Texas Roadhouse from $195.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $196.55.

Hedge Funds Weigh In On Texas Roadhouse

Institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC increased its holdings in shares of Texas Roadhouse by 12.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,423 shares of the restaurant operator’s stock worth $404,000 after buying an additional 259 shares during the last quarter. Focus Partners Wealth boosted its holdings in Texas Roadhouse by 23.3% in the first quarter. Focus Partners Wealth now owns 6,124 shares of the restaurant operator’s stock valued at $1,020,000 after acquiring an additional 1,157 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Texas Roadhouse by 36.0% during the first quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock valued at $70,000 after acquiring an additional 111 shares during the period. Sivia Capital Partners LLC purchased a new stake in Texas Roadhouse during the second quarter valued at about $657,000. Finally, Aviva PLC increased its stake in Texas Roadhouse by 4.2% during the second quarter. Aviva PLC now owns 2,428 shares of the restaurant operator’s stock worth $455,000 after acquiring an additional 98 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Company Profile

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.