Texas Roadhouse Target of Unusually Large Options Trading (NASDAQ:TXRH)

Texas Roadhouse, Inc. (NASDAQ:TXRH) saw unusually large options trading activity on Tuesday. Stock investors purchased 3,420 put options on the stock. This is an increase of approximately 134% compared to the average daily volume of 1,462 put options.

Texas Roadhouse Stock Up 1.8 %

Shares of Texas Roadhouse stock opened at $170.04 on Thursday. Texas Roadhouse has a twelve month low of $146.75 and a twelve month high of $206.04. The company has a 50-day simple moving average of $177.18 and a two-hundred day simple moving average of $181.20. The stock has a market capitalization of $11.30 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.07. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.41 billion. On average, sell-side analysts anticipate that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a $0.68 dividend. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.72 annualized dividend and a yield of 1.60%. Texas Roadhouse’s payout ratio is 42.04%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Stifel Nicolaus decreased their target price on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating for the company in a research report on Friday, February 21st. Morgan Stanley raised shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $205.00 to $213.00 in a research report on Tuesday, January 21st. Citigroup increased their price target on shares of Texas Roadhouse from $212.00 to $213.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Wedbush cut their price target on shares of Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. Finally, The Goldman Sachs Group began coverage on shares of Texas Roadhouse in a research note on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price target for the company. Eleven equities research 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.

Insider Transactions at Texas Roadhouse

In related news, Director Curtis Warfield sold 4,190 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $178.80, for a total value of $749,172.00. Following the completion of the transaction, the director now owns 10,082 shares of the company’s stock, valued at approximately $1,802,661.60. This trade represents a 29.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher C. Colson sold 580 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $181.94, for a total transaction of $105,525.20. Following the completion of the transaction, the insider now directly owns 12,000 shares of the company’s stock, valued at approximately $2,183,280. This trade represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,905 shares of company stock valued at $3,198,367 over the last quarter. Corporate insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

Several hedge funds and other institutional investors have recently bought and sold shares of the business. True Wealth Design LLC bought a new position in Texas Roadhouse in the 3rd quarter valued at about $30,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Texas Roadhouse in the 4th quarter valued at about $30,000. Coppell Advisory Solutions LLC increased its holdings in Texas Roadhouse by 56.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock valued at $35,000 after buying an additional 71 shares during the period. SBI Securities Co. Ltd. bought a new position in Texas Roadhouse in the 4th quarter valued at about $36,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Texas Roadhouse by 32.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock valued at $48,000 after buying an additional 65 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

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.