Texas Roadhouse (NASDAQ:TXRH) Director Hugh Carroll Sells 1,000 Shares of Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Hugh Carroll sold 1,000 shares of the company’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $167.27, for a total transaction of $167,270.00. Following the sale, the director directly owned 1,854 shares of the company’s stock, valued at $310,118.58. This represents a 35.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Texas Roadhouse Stock Down 0.5%

TXRH stock opened at $166.27 on Friday. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $199.99. The firm has a market cap of $11.00 billion, a P/E ratio of 25.42, a P/E/G ratio of 2.72 and a beta of 0.88. The company’s 50-day moving average price is $169.33 and its two-hundred day moving average price is $177.14.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. Texas Roadhouse had a return on equity of 30.59% and a net margin of 7.49%.The business’s revenue was up 12.8% on a year-over-year basis. During the same period last year, the company posted $1.26 EPS. Equities analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, December 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is currently 41.59%.

Analyst Ratings Changes

A number of research firms have recently commented on TXRH. Barclays lowered their price target on Texas Roadhouse from $187.00 to $170.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. Evercore ISI cut Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 target price on the stock. in a research report on Thursday, September 4th. Morgan Stanley lowered their target price on Texas Roadhouse from $210.00 to $205.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. Wall Street Zen cut shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating on the stock in a report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.95.

Hedge Funds Weigh In On Texas Roadhouse

Large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in Texas Roadhouse by 22.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock worth $59,000 after acquiring an additional 58 shares during the last quarter. Advisory Alpha LLC raised its stake in shares of Texas Roadhouse by 3.0% during the first quarter. Advisory Alpha LLC now owns 2,063 shares of the restaurant operator’s stock valued at $344,000 after acquiring an additional 60 shares during the last quarter. Dakota Wealth Management lifted its holdings in shares of Texas Roadhouse by 3.8% during the second quarter. Dakota Wealth Management now owns 1,675 shares of the restaurant operator’s stock worth $314,000 after purchasing an additional 61 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Texas Roadhouse by 14.0% in the first quarter. Smartleaf Asset Management LLC now owns 601 shares of the restaurant operator’s stock worth $103,000 after purchasing an additional 74 shares during the last quarter. Finally, Insight Wealth Partners LLC grew its stake in shares of Texas Roadhouse by 4.3% in the second quarter. Insight Wealth Partners LLC now owns 1,855 shares of the restaurant operator’s stock worth $348,000 after purchasing an additional 76 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Company Profile

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.