Texas Roadhouse (NASDAQ:TXRH) CTO Hernan Mujica Sells 2,189 Shares of Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) CTO Hernan Mujica sold 2,189 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $172.40, for a total transaction of $377,383.60. Following the completion of the transaction, the chief technology officer directly owned 17,553 shares of the company’s stock, valued at approximately $3,026,137.20. The trade was a 11.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Texas Roadhouse Stock Performance

NASDAQ TXRH opened at $177.33 on Friday. The firm has a 50 day simple moving average of $184.28 and a 200-day simple moving average of $178.80. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04. The firm has a market cap of $11.78 billion, a price-to-earnings ratio of 27.07, a PEG ratio of 2.38 and a beta of 0.86.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.09). The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same period last year, the business earned $1.79 EPS. Equities analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd will be issued a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.72 annualized dividend and a yield of 1.5%. Texas Roadhouse’s dividend payout ratio (DPR) is 41.53%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TXRH shares. Melius Research raised shares of Texas Roadhouse to a “strong-buy” rating in a report on Monday, July 14th. The Goldman Sachs Group raised their price objective on shares of Texas Roadhouse from $184.00 to $205.00 and gave the stock a “neutral” rating in a report on Wednesday, June 4th. Melius started coverage on shares of Texas Roadhouse in a report on Monday, July 14th. They set a “buy” rating and a $235.00 price objective on the stock. Stephens raised their price objective on shares of Texas Roadhouse from $184.00 to $190.00 and gave the stock an “equal weight” rating in a report on Friday, August 8th. Finally, Stifel Nicolaus raised their price objective on shares of Texas Roadhouse from $180.00 to $188.00 and gave the stock a “hold” rating in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, Texas Roadhouse presently has a consensus rating of “Moderate Buy” and an average price target of $197.85.

Institutional Investors Weigh In On Texas Roadhouse

Institutional investors have recently made changes to their positions in the stock. Golden State Wealth Management LLC boosted its position in shares of Texas Roadhouse by 157.3% during the 1st quarter. Golden State Wealth Management LLC now owns 4,658 shares of the restaurant operator’s stock worth $776,000 after purchasing an additional 2,848 shares in the last quarter. Comerica Bank boosted its position in shares of Texas Roadhouse by 16.0% during the 4th quarter. Comerica Bank now owns 132,914 shares of the restaurant operator’s stock worth $23,982,000 after purchasing an additional 18,339 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Texas Roadhouse by 253.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 38,086 shares of the restaurant operator’s stock worth $6,346,000 after purchasing an additional 27,312 shares in the last quarter. Brighton Jones LLC purchased a new stake in shares of Texas Roadhouse during the 1st quarter worth $499,000. Finally, Running Oak Capital LLC boosted its position in shares of Texas Roadhouse by 9.3% during the 1st quarter. Running Oak Capital LLC now owns 89,385 shares of the restaurant operator’s stock worth $14,933,000 after purchasing an additional 7,628 shares in the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

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.