Gregory Moore Sells 1,250 Shares of Texas Roadhouse (NASDAQ:TXRH) Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Gregory Moore sold 1,250 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $178.14, for a total value of $222,675.00. Following the transaction, the director directly owned 30,900 shares in the company, valued at $5,504,526. This trade represents a 3.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $177.06 on Friday. The stock’s 50 day moving average price is $166.62 and its 200 day moving average price is $172.74. The firm has a market capitalization of $11.67 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 1.97 and a beta of 0.77. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.45 and a current ratio of 0.46. Texas Roadhouse, Inc. has a one year low of $153.82 and a one year high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, May 7th. The restaurant operator reported $1.87 EPS for the quarter, topping the consensus estimate of $1.80 by $0.07. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.Texas Roadhouse’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.70 EPS. As a group, sell-side analysts expect that Texas Roadhouse, Inc. will post 6.38 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $3.00 annualized dividend and a yield of 1.7%. Texas Roadhouse’s payout ratio is 47.92%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Benchmark reissued a “hold” rating on shares of Texas Roadhouse in a research report on Monday, February 23rd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $165.00 target price on shares of Texas Roadhouse in a research report on Friday, February 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $200.00 target price on shares of Texas Roadhouse in a research report on Friday, May 8th. KeyCorp reaffirmed a “sector weight” rating on shares of Texas Roadhouse in a research report on Friday, February 20th. Finally, The Goldman Sachs Group upped their target price on Texas Roadhouse from $175.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $193.73.

Institutional Investors Weigh In On Texas Roadhouse

Several institutional investors and hedge funds have recently made changes to their positions in the company. Evergreen Capital Management LLC raised its position in shares of Texas Roadhouse by 1.7% during the 4th quarter. Evergreen Capital Management LLC now owns 3,644 shares of the restaurant operator’s stock valued at $605,000 after acquiring an additional 60 shares in the last quarter. &PARTNERS grew its stake in Texas Roadhouse by 3.5% during the 4th quarter. &PARTNERS now owns 1,820 shares of the restaurant operator’s stock worth $302,000 after buying an additional 61 shares during the last quarter. Fifth Third Bancorp grew its stake in Texas Roadhouse by 11.6% during the 4th quarter. Fifth Third Bancorp now owns 644 shares of the restaurant operator’s stock worth $107,000 after buying an additional 67 shares during the last quarter. Beacon Investment Advisors LLC grew its stake in Texas Roadhouse by 1.4% during the 4th quarter. Beacon Investment Advisors LLC now owns 5,338 shares of the restaurant operator’s stock worth $886,000 after buying an additional 72 shares during the last quarter. Finally, Compound Planning Inc. grew its stake in Texas Roadhouse by 5.6% during the 4th quarter. Compound Planning Inc. now owns 1,408 shares of the restaurant operator’s stock worth $234,000 after buying an additional 75 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

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.