Texas Roadhouse (NASDAQ:TXRH) Director Sells $146,582.50 in Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Donna Epps sold 850 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $172.45, for a total value of $146,582.50. Following the completion of the sale, the director directly owned 4,892 shares of the company’s stock, valued at $843,625.40. The trade was a 14.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Texas Roadhouse Trading Down 2.0%

Shares of Texas Roadhouse stock traded down $3.50 during trading on Friday, reaching $171.54. The company’s stock had a trading volume of 1,064,649 shares, compared to its average volume of 1,079,760. The company has a 50-day moving average price of $182.52 and a two-hundred day moving average price of $173.70. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $199.99. The firm has a market cap of $11.35 billion, a PE ratio of 28.17, a P/E/G ratio of 1.90 and a beta of 0.86.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.25). The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Texas Roadhouse had a return on equity of 27.88% and a net margin of 6.90%.The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.73 earnings per share. On average, analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a $0.75 dividend. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.68. The ex-dividend date is Tuesday, March 17th. This represents a $3.00 annualized dividend and a yield of 1.7%. Texas Roadhouse’s payout ratio is presently 44.66%.

Institutional Investors Weigh In On Texas Roadhouse

Several institutional investors have recently made changes to their positions in TXRH. NewEdge Advisors LLC grew its stake in shares of Texas Roadhouse by 12.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,423 shares of the restaurant operator’s stock worth $404,000 after purchasing an additional 259 shares during the period. Focus Partners Wealth boosted its holdings in Texas Roadhouse by 23.3% during the first quarter. Focus Partners Wealth now owns 6,124 shares of the restaurant operator’s stock worth $1,020,000 after buying an additional 1,157 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Texas Roadhouse by 36.0% during the first quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock worth $70,000 after buying an additional 111 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Texas Roadhouse during the second quarter worth about $657,000. Finally, Sigma Planning Corp increased its holdings in Texas Roadhouse by 8.1% in the second quarter. Sigma Planning Corp now owns 2,228 shares of the restaurant operator’s stock valued at $418,000 after buying an additional 166 shares in the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TXRH. BMO Capital Markets reiterated a “market perform” rating and issued a $165.00 target price on shares of Texas Roadhouse in a research note on Friday, February 20th. Truist Financial decreased their price target on Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating for the company in a report on Friday, February 20th. The Goldman Sachs Group lifted their price objective on shares of Texas Roadhouse from $175.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Sanford C. Bernstein set a $185.00 price objective on shares of Texas Roadhouse in a research note on Wednesday, January 7th. Finally, Barclays set a $188.00 target price on shares of Texas Roadhouse in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $196.55.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.