Gregory N. Moore Sells 1,000 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Gregory N. Moore sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $187.62, for a total value of $187,620.00. Following the completion of the sale, the director now directly owns 38,050 shares in the company, valued at approximately $7,138,941. This represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Gregory N. Moore also recently made the following trade(s):

• On Monday, February 24th, Gregory N. Moore sold 2,700 shares of Texas Roadhouse stock. The shares were sold at an average price of $168.26, for a total value of $454,302.00.

Texas Roadhouse Stock Performance

TXRH opened at $189.10 on Thursday. The stock has a market cap of $12.57 billion, a price-to-earnings ratio of 29.23, a price-to-earnings-growth ratio of 1.23 and a beta of 0.87. The firm’s fifty day moving average is $168.76 and its 200 day moving average is $179.55. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.05). The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The business’s revenue was up 11.8% on a year-over-year basis. During the same period last year, the company earned $1.69 EPS. On average, equities research analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Tuesday, June 3rd. Texas Roadhouse’s payout ratio is currently 41.98%.

Hedge Funds Weigh In On Texas Roadhouse

Hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC increased its holdings in shares of Texas Roadhouse by 14.4% in the third quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator’s stock worth $208,539,000 after purchasing an additional 148,462 shares during the last quarter. City Center Advisors LLC purchased a new stake in shares of Texas Roadhouse during the 4th quarter worth approximately $331,000. Miracle Mile Advisors LLC purchased a new position in shares of Texas Roadhouse in the fourth quarter valued at $366,000. Oak Thistle LLC purchased a new stake in Texas Roadhouse during the fourth quarter valued at $382,000. Finally, Assenagon Asset Management S.A. bought a new position in Texas Roadhouse during the fourth quarter valued at $12,939,000. Institutional investors own 94.82% of the company’s stock.

Wall Street Analysts Forecast Growth

TXRH has been the topic of several recent analyst reports. Stifel Nicolaus cut their price objective on shares of Texas Roadhouse from $172.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday, April 15th. Barclays cut their target price on Texas Roadhouse from $179.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Friday, May 9th. Truist Financial lowered their price target on Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Citigroup downgraded Texas Roadhouse from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $213.00 to $164.00 in a report on Wednesday, April 23rd. Finally, Stephens decreased their target price on Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, February 21st. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Texas Roadhouse currently has an average rating of “Moderate Buy” and an average target price of $191.62.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.