Texas Roadhouse (NASDAQ:TXRH) Director Sells $624,960.00 in Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Gregory Moore sold 3,000 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $208.32, for a total value of $624,960.00. Following the completion of the sale, the director directly owned 26,900 shares in the company, valued at $5,603,808. This represents a 10.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Texas Roadhouse Stock Down 3.4%

Shares of TXRH stock traded down $7.27 during trading hours on Thursday, reaching $207.01. 738,158 shares of the stock were exchanged, compared to its average volume of 912,336. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.40. The business’s fifty day moving average is $190.83 and its two-hundred day moving average is $179.29. The firm has a market capitalization of $13.61 billion, a P/E ratio of 33.12, a P/E/G ratio of 2.12 and a beta of 0.79. Texas Roadhouse, Inc. has a 12-month low of $153.82 and a 12-month high of $216.30.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.02. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the prior year, the firm posted $1.86 EPS. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, research analysts expect that Texas Roadhouse, Inc. will post 6.63 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be issued a $0.75 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $3.00 annualized dividend and a dividend yield of 1.4%. Texas Roadhouse’s dividend payout ratio is presently 48.00%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TXRH. Royal Bank Of Canada boosted their price target on Texas Roadhouse from $210.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. TD Cowen lifted their target price on Texas Roadhouse from $205.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Barclays dropped their target price on Texas Roadhouse from $188.00 to $175.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. Stifel Nicolaus upped their price target on Texas Roadhouse from $170.00 to $180.00 and gave the stock a “hold” rating in a research note on Tuesday, May 12th. Finally, Wall Street Zen raised Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Ten research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Texas Roadhouse currently has an average rating of “Hold” and a consensus target price of $208.48.

Institutional Investors Weigh In On Texas Roadhouse

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Texas Roadhouse during the 2nd quarter worth approximately $1,273,173,000. AQR Capital Management LLC grew its holdings in Texas Roadhouse by 27.4% during the fourth quarter. AQR Capital Management LLC now owns 2,674,102 shares of the restaurant operator’s stock worth $443,901,000 after acquiring an additional 575,685 shares during the period. Capital World Investors raised its position in Texas Roadhouse by 13.4% in the fourth quarter. Capital World Investors now owns 2,537,290 shares of the restaurant operator’s stock worth $421,190,000 after acquiring an additional 300,405 shares in the last quarter. UBS Group AG lifted its holdings in Texas Roadhouse by 60.4% in the fourth quarter. UBS Group AG now owns 1,387,454 shares of the restaurant operator’s stock valued at $230,317,000 after acquiring an additional 522,509 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Texas Roadhouse by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 1,367,120 shares of the restaurant operator’s stock valued at $226,984,000 after acquiring an additional 24,834 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

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.