Hugh Carroll Sells 650 Shares of Texas Roadhouse (NASDAQ:TXRH) Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Hugh Carroll sold 650 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $203.99, for a total transaction of $132,593.50. Following the completion of the transaction, the director directly owned 2,883 shares of the company’s stock, valued at $588,103.17. This represents a 18.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Texas Roadhouse Stock Down 0.6%

Texas Roadhouse stock opened at $198.99 on Friday. Texas Roadhouse, Inc. has a twelve month low of $153.82 and a twelve month high of $216.30. The stock’s fifty day simple moving average is $198.20 and its 200-day simple moving average is $180.76. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $13.06 billion, a P/E ratio of 31.84, a P/E/G ratio of 1.98 and a beta of 0.79.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the firm earned $1.86 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, equities analysts expect that Texas Roadhouse, Inc. will post 6.63 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be given a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $3.00 dividend on an annualized basis and a yield of 1.5%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 48.00%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $235.00 target price on shares of Texas Roadhouse in a research note on Monday, August 3rd. Citigroup lifted their price objective on shares of Texas Roadhouse from $193.00 to $209.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Royal Bank Of Canada boosted their target price on shares of Texas Roadhouse from $210.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Texas Roadhouse in a report on Wednesday. Finally, Mizuho lifted their price target on Texas Roadhouse from $190.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $208.48.

Institutional Trading of Texas Roadhouse

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC grew its stake in Texas Roadhouse by 12.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,423 shares of the restaurant operator’s stock worth $404,000 after buying an additional 259 shares during the last quarter. Focus Partners Wealth boosted its holdings in shares of Texas Roadhouse by 23.3% in the first quarter. Focus Partners Wealth now owns 6,124 shares of the restaurant operator’s stock valued at $1,020,000 after acquiring an additional 1,157 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Texas Roadhouse by 36.0% in the first quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock valued at $70,000 after acquiring an additional 111 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Texas Roadhouse during the second quarter worth approximately $657,000. Finally, Marshall Wace LLP purchased a new position in shares of Texas Roadhouse during the second quarter worth approximately $1,936,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

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.