Texas Roadhouse (NASDAQ:TXRH) Insider Lloyd Paul Marshall Sells 1,000 Shares

Texas Roadhouse, Inc. (NASDAQ:TXRH) insider Lloyd Paul Marshall sold 1,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $178.34, for a total value of $178,340.00. Following the transaction, the insider directly owned 10,326 shares of the company’s stock, valued at $1,841,538.84. This represents a 8.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Texas Roadhouse Stock Up 0.5%

NASDAQ:TXRH opened at $177.97 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.45. The firm’s 50-day moving average price is $166.60 and its 200-day moving average price is $172.77. The company has a market capitalization of $11.70 billion, a PE ratio of 28.43, a P/E/G ratio of 1.94 and a beta of 0.77. Texas Roadhouse, Inc. has a 1-year low of $153.82 and a 1-year high of $199.99.

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

Texas Roadhouse Dividend Announcement

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

Hedge Funds Weigh In On Texas Roadhouse

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Elyxium Wealth LLC bought a new stake in shares of Texas Roadhouse in the 4th quarter worth $25,000. Princeton Global Asset Management LLC purchased a new stake in shares of Texas Roadhouse during the fourth quarter valued at $31,000. Measured Wealth Private Client Group LLC bought a new stake in Texas Roadhouse in the 3rd quarter worth about $33,000. Garton & Associates Financial Advisors LLC bought a new stake in Texas Roadhouse in the 4th quarter worth about $34,000. Finally, Root Financial Partners LLC purchased a new position in Texas Roadhouse in the 3rd quarter worth about $36,000. 94.82% of the stock is owned by institutional investors.

Key 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

Analyst Ratings Changes

TXRH has been the topic of several recent research reports. Piper Sandler upped their price target on Texas Roadhouse from $190.00 to $192.00 and gave the stock a “neutral” rating in a research note on Monday. Wells Fargo & Company dropped their target price on Texas Roadhouse from $220.00 to $200.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. BTIG Research reissued a “buy” rating and issued a $200.00 target price on shares of Texas Roadhouse in a research note on Friday, February 20th. Truist Financial reduced 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. Finally, Stephens lifted their price target on Texas Roadhouse from $168.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.