Texas Roadhouse (NASDAQ:TXRH) Director Jane Grote Abell Sells 339 Shares of Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Jane Grote Abell sold 339 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $177.43, for a total transaction of $60,148.77. Following the sale, the director owned 2,161 shares of the company’s stock, valued at $383,426.23. The trade was a 13.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock opened at $173.82 on Wednesday. The firm has a fifty day moving average of $166.69 and a two-hundred day moving average of $172.81. The stock has a market capitalization of $11.43 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 1.94 and a beta of 0.77. Texas Roadhouse, Inc. has a 52 week low of $153.82 and a 52 week high of $199.99. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.40 and a current ratio of 0.46.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 EPS for the quarter, beating the consensus estimate of $1.80 by $0.07. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.70 EPS. As a group, equities research analysts predict that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 2nd will be issued a $0.75 dividend. The ex-dividend date is Tuesday, June 2nd. This represents a $3.00 annualized dividend and a yield of 1.7%. Texas Roadhouse’s dividend payout ratio (DPR) is 47.92%.

Wall Street Analyst Weigh In

A number of research firms recently commented on TXRH. Citigroup lowered their price objective on shares of Texas Roadhouse from $176.00 to $174.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Guggenheim restated a “buy” rating and issued a $210.00 price objective on shares of Texas Roadhouse in a research report on Monday. Wells Fargo & Company lowered their price objective on shares of Texas Roadhouse from $220.00 to $200.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. JPMorgan Chase & Co. upped their price objective on shares of Texas Roadhouse from $182.00 to $188.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Finally, TD Cowen dropped their price target on Texas Roadhouse from $215.00 to $192.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $195.09.

Institutional Investors Weigh In On Texas Roadhouse

A number of hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC increased its holdings in 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 in the last quarter. Focus Partners Wealth increased its holdings in Texas Roadhouse by 23.3% during the 1st quarter. Focus Partners Wealth now owns 6,124 shares of the restaurant operator’s stock worth $1,020,000 after purchasing an additional 1,157 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Texas Roadhouse by 36.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock worth $70,000 after purchasing an additional 111 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Texas Roadhouse during the 2nd quarter worth about $657,000. Finally, Marshall Wace LLP bought a new position in Texas Roadhouse during the 2nd quarter worth about $1,936,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

About Texas Roadhouse

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.