Texas Roadhouse (NASDAQ:TXRH) Director Curtis Warfield Sells 1,316 Shares of Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Curtis Warfield sold 1,316 shares of Texas Roadhouse stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $190.19, for a total value of $250,290.04. Following the sale, the director directly owned 4,045 shares of the company’s stock, valued at approximately $769,318.55. This trade represents a 24.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Texas Roadhouse Stock Down 1.3%

Shares of TXRH stock traded down $2.37 during mid-day trading on Thursday, hitting $185.99. The stock had a trading volume of 673,519 shares, compared to its average volume of 1,085,710. Texas Roadhouse, Inc. has a 12-month low of $153.82 and a 12-month high of $216.30. The firm has a market capitalization of $12.21 billion, a P/E ratio of 29.24, a price-to-earnings-growth ratio of 2.16 and a beta of 0.81. The firm’s 50-day moving average is $172.35 and its two-hundred day moving average is $179.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.38 and a quick ratio of 0.39.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, November 5th. The restaurant operator reported $1.36 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.10). The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Texas Roadhouse had a net margin of 6.59% and a return on equity of 27.01%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.25 EPS. On average, analysts predict that Texas Roadhouse, Inc. will post 6.37 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 29th. Investors of record on Tuesday, December 1st will be paid a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $3.00 dividend on an annualized basis and a yield of 1.6%. Texas Roadhouse’s dividend payout ratio is 47.17%.

Wall Street Analysts Forecast Growth

TXRH has been the topic of several recent research reports. Vertical Research upgraded shares of Texas Roadhouse to a “buy” rating in a report on Wednesday, October 14th. Royal Bank Of Canada reduced their price target on shares of Texas Roadhouse from $220.00 to $215.00 and set an “outperform” rating for the company in a report on Friday, November 6th. Piper Sandler upped their price target on shares of Texas Roadhouse from $192.00 to $208.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Benchmark upgraded shares of Texas Roadhouse from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. Finally, Morgan Stanley lifted their price objective on shares of Texas Roadhouse from $212.00 to $221.00 and gave the company an “overweight” rating in a report on Thursday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Texas Roadhouse has an average rating of “Moderate Buy” and an average target price of $208.04.

Institutional Investors Weigh In On Texas Roadhouse

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Texas Roadhouse during the second quarter valued at about $1,273,173,000. Wellington Management Group LLP grew its stake in Texas Roadhouse by 8.4% in the second quarter. Wellington Management Group LLP now owns 1,541,791 shares of the restaurant operator’s stock valued at $297,920,000 after purchasing an additional 119,803 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Texas Roadhouse by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 864,006 shares of the restaurant operator’s stock valued at $142,670,000 after purchasing an additional 34,385 shares during the last quarter. Bessemer Group Inc. raised its holdings in Texas Roadhouse by 38.1% in the first quarter. Bessemer Group Inc. now owns 732,411 shares of the restaurant operator’s stock worth $120,951,000 after purchasing an additional 202,241 shares in the last quarter. Finally, Bank of America Corp DE bought a new position in Texas Roadhouse in the second quarter worth about $113,993,000. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

About Texas Roadhouse

Texas Roadhouse, Inc. operates and franchises casual dining restaurants under the Texas Roadhouse, Bubba’s 33 and Jaggers brands. Its restaurants are known for a lively atmosphere and made-from-scratch food. The Texas Roadhouse menu features hand-cut steaks, ribs, chicken, seafood and made-from-scratch sides, along with freshly baked bread. Bubba’s 33 offers a sports-bar setting with items such as burgers, pizza and wings, while Jaggers focuses on burgers, chicken sandwiches and salads. Founded in 1993 in Clarksville, Indiana, Texas Roadhouse is headquartered in Louisville, Kentucky.