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

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

Texas Roadhouse Trading Down 1.9%

TXRH traded down $3.32 during mid-day trading on Tuesday, hitting $173.82. The stock had a trading volume of 1,401,426 shares, compared to its average volume of 1,301,902. The stock’s fifty day simple moving average is $166.69 and its 200-day simple moving average is $172.81. 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 firm has a market capitalization of $11.43 billion, a price-to-earnings ratio of 27.77, a price-to-earnings-growth 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 data on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $1.64 billion. During the same quarter in the prior year, the firm earned $1.70 earnings per share. The firm’s revenue was up 10.5% compared to the same quarter last year. As a group, research analysts forecast that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company 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 $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, June 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is 47.92%.

Hedge Funds Weigh In On Texas Roadhouse

Several hedge funds have recently bought and sold shares of TXRH. Elyxium Wealth LLC bought a new position in Texas Roadhouse in the 4th quarter valued at about $25,000. Princeton Global Asset Management LLC bought a new position in Texas Roadhouse in the 4th quarter valued at about $31,000. Measured Wealth Private Client Group LLC bought a new position in Texas Roadhouse in the 3rd quarter valued at about $33,000. Garton & Associates Financial Advisors LLC bought a new position in Texas Roadhouse in the 4th quarter valued at about $34,000. Finally, Root Financial Partners LLC bought a new position in Texas Roadhouse in the 3rd quarter valued at about $36,000. 94.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TXRH. Stephens raised their target price on shares of Texas Roadhouse from $168.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. Piper Sandler raised their target price on shares of Texas Roadhouse from $190.00 to $192.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Truist Financial cut their target price on shares of Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating for the company in a research note on Friday, February 20th. KeyCorp restated a “sector weight” rating on shares of Texas Roadhouse in a research note on Friday, February 20th. Finally, The Goldman Sachs Group raised their target price on shares of Texas Roadhouse from $175.00 to $200.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat, Texas Roadhouse currently has an average rating of “Hold” and an average 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.