Curtis Warfield Sells 3,281 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Curtis Warfield sold 3,281 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $183.67, for a total transaction of $602,621.27. Following the sale, the director now directly owns 6,801 shares of the company’s stock, valued at approximately $1,249,139.67. The trade was a 32.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Curtis Warfield also recently made the following trade(s):

• On Thursday, February 27th, Curtis Warfield sold 4,190 shares of Texas Roadhouse stock. The stock was sold at an average price of $178.80, for a total value of $749,172.00.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $185.86 on Thursday. The stock has a market cap of $12.40 billion, a PE ratio of 28.73, a price-to-earnings-growth ratio of 1.23 and a beta of 1.02. The stock has a 50-day moving average of $178.69 and a 200-day moving average of $180.83. Texas Roadhouse, Inc. has a one year low of $146.75 and a one year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. As a group, research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.46%. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s dividend payout ratio is currently 42.04%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. True Wealth Design LLC bought a new stake in shares of Texas Roadhouse in the third quarter worth about $30,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Texas Roadhouse in the 4th quarter valued at approximately $30,000. Coppell Advisory Solutions LLC increased its stake in Texas Roadhouse by 56.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 71 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Texas Roadhouse during the 4th quarter worth approximately $36,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Texas Roadhouse by 32.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock worth $48,000 after buying an additional 65 shares during the period. 94.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. The Goldman Sachs Group began coverage on Texas Roadhouse in a research note on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price objective on the stock. Stifel Nicolaus reduced their price target on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating on the stock in a research report on Friday, February 21st. Barclays decreased their price objective on shares of Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating on the stock in a report on Friday, February 21st. Morgan Stanley raised shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $205.00 to $213.00 in a research note on Tuesday, January 21st. Finally, Gordon Haskett lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price on the stock. in a research report on Wednesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $192.73.

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.