Texas Roadhouse (NASDAQ:TXRH) Director Sells $483,252.00 in Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Curtis Warfield sold 2,640 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $183.05, for a total value of $483,252.00. Following the transaction, the director directly owned 5,361 shares of the company’s stock, valued at approximately $981,331.05. This represents a 33.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock opened at $177.97 on Friday. Texas Roadhouse, Inc. has a one year low of $153.82 and a one year high of $199.99. The company has a market cap of $11.70 billion, a PE ratio of 28.43, a P/E/G ratio of 1.94 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. The business has a 50-day simple moving average of $166.60 and a 200-day simple moving average of $172.77.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.07. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the company posted $1.70 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, equities research analysts forecast that Texas Roadhouse, Inc. will post 6.38 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.7%. Texas Roadhouse’s payout ratio is currently 47.92%.

Institutional Investors Weigh In On Texas Roadhouse

Several large investors have recently modified their holdings of the company. Alliancebernstein L.P. boosted its holdings in shares of Texas Roadhouse by 14.7% in the third quarter. Alliancebernstein L.P. now owns 3,638,914 shares of the restaurant operator’s stock valued at $604,606,000 after acquiring an additional 466,176 shares during the period. AQR Capital Management LLC raised its stake in shares of 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 purchasing an additional 575,685 shares during the last quarter. Capital World Investors raised its stake in shares of Texas Roadhouse by 13.4% during the fourth quarter. Capital World Investors now owns 2,537,290 shares of the restaurant operator’s stock worth $421,190,000 after purchasing an additional 300,405 shares during the last quarter. UBS Group AG raised its stake in shares of Texas Roadhouse by 60.4% during the fourth quarter. UBS Group AG now owns 1,387,454 shares of the restaurant operator’s stock worth $230,317,000 after purchasing an additional 522,509 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Texas Roadhouse by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 1,367,120 shares of the restaurant operator’s stock worth $226,984,000 after purchasing an additional 24,834 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

More Texas Roadhouse News

Here are the key news stories impacting Texas Roadhouse this week:

• Positive Sentiment: RBC Capital and UBS both turned bullish on Texas Roadhouse, adding to a generally supportive analyst backdrop that can boost investor confidence in TXRH. Texas Roadhouse attracts a bull rating from RBC Capital Texas Roadhouse (TXRH) Gets a Buy from UBS
• Positive Sentiment: JPMorgan raised its price target on TXRH to $188 from $182, signaling expectations for additional upside from current levels. Texas Roadhouse had its price target raised by JPMorgan Chase & Co.
• Positive Sentiment: Texas Roadhouse’s latest earnings beat EPS estimates, and revenue grew 10.5% year over year, reinforcing the stock’s fundamental support after the company’s May 7 report. Texas Roadhouse stock and earnings details
• Neutral Sentiment: Analysts continue to view TXRH favorably overall, but the consensus rating remains “Hold,” which may limit how far the stock can run on news alone.
• Neutral Sentiment: The company also announced a quarterly dividend of $0.75 per share, which supports the investment case but is not likely the main driver of trading today.
• Negative Sentiment: Insiders sold shares this week, including director Gregory Moore and insider Lloyd Paul Marshall, which can create a slight headwind if investors read the activity as limited near-term enthusiasm. SEC filing for Lloyd Paul Marshall transaction

Analysts Set New Price Targets

TXRH has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $200.00 price objective on shares of Texas Roadhouse in a research report on Friday, May 8th. Stifel Nicolaus boosted their price objective on Texas Roadhouse from $170.00 to $180.00 and gave the stock a “hold” rating in a research report on Tuesday. Wells Fargo & Company lowered their price objective on 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 target on Texas Roadhouse from $182.00 to $188.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Wall Street Zen raised Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $195.09.

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.