Gregory Moore Sells 3,000 Shares of Texas Roadhouse (NASDAQ:TXRH) Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Gregory Moore sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $208.32, for a total transaction of $624,960.00. Following the transaction, the director directly owned 26,900 shares in the company, valued at $5,603,808. This trade represents a 10.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Texas Roadhouse Stock Down 3.4%

TXRH stock traded down $7.27 during trading on Thursday, hitting $207.01. 738,158 shares of the company’s stock traded hands, compared to its average volume of 912,336. The firm has a market capitalization of $13.61 billion, a P/E ratio of 33.12, a PEG ratio of 2.12 and a beta of 0.79. Texas Roadhouse, Inc. has a 1 year low of $153.82 and a 1 year high of $216.30. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 0.03. The business has a fifty day simple moving average of $190.83 and a two-hundred day simple moving average of $179.29.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results 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 quarter last year, the firm earned $1.86 EPS. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. Sell-side analysts anticipate that Texas Roadhouse, Inc. will post 6.63 EPS for the current year.

Texas Roadhouse Announces Dividend

The business also recently disclosed 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. This represents a $3.00 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, September 1st. Texas Roadhouse’s dividend payout ratio is currently 48.00%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Benchmark restated a “hold” rating on shares of Texas Roadhouse in a research report on Monday. UBS Group upped their price objective on shares of Texas Roadhouse from $210.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Citigroup raised their target price on Texas Roadhouse from $193.00 to $209.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. TD Cowen lifted their price target on Texas Roadhouse from $205.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Piper Sandler upped their price target on Texas Roadhouse from $192.00 to $208.00 and gave the stock a “neutral” rating in a report on Monday. Ten research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, Texas Roadhouse currently has a consensus rating of “Hold” and an average target price of $208.48.

Institutional Trading of Texas Roadhouse

Institutional investors and hedge funds have recently modified their holdings of the stock. Elyxium Wealth LLC purchased a new stake in shares of Texas Roadhouse during the fourth quarter worth approximately $25,000. Basecamp Wealth Advisors LLC increased its position in shares of Texas Roadhouse by 5,033.3% during the first quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 151 shares during the last quarter. Silvant Capital Management LLC purchased a new position in shares of Texas Roadhouse during the 2nd quarter worth approximately $32,000. Measured Wealth Private Client Group LLC acquired a new position in Texas Roadhouse during the third quarter worth $33,000. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

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.