Texas Roadhouse (NASDAQ:TXRH) Insider Sells $102,325.00 in Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) insider Lloyd Paul Marshall sold 500 shares of the business’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $204.65, for a total value of $102,325.00. Following the completion of the sale, the insider directly owned 9,826 shares in the company, valued at $2,010,890.90. This represents a 4.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Texas Roadhouse Stock Down 0.6%

TXRH stock opened at $198.99 on Friday. The firm has a market cap of $13.06 billion, a PE ratio of 31.84, a P/E/G ratio of 1.97 and a beta of 0.79. Texas Roadhouse, Inc. has a 12 month low of $153.82 and a 12 month high of $216.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.39. The firm has a 50 day simple moving average of $198.20 and a 200 day simple moving average of $180.76.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.02. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.86 EPS. Equities research analysts forecast that Texas Roadhouse, Inc. will post 6.63 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The company 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 dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, September 1st. Texas Roadhouse’s payout ratio is presently 48.00%.

Wall Street Analyst Weigh In

TXRH has been the subject of a number of research reports. Royal Bank Of Canada lifted their target price on shares of Texas Roadhouse from $210.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. 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 report on Monday, August 3rd. Wall Street Zen raised shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. BMO Capital Markets raised their target price on Texas Roadhouse from $165.00 to $180.00 and gave the company a “market perform” rating in a report on Thursday, May 21st. Finally, Wells Fargo & Company boosted their price target on Texas Roadhouse from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, Texas Roadhouse has a consensus rating of “Moderate Buy” and a consensus target price of $208.48.

Institutional Investors Weigh In On Texas Roadhouse

A number of hedge funds have recently made changes to their positions in TXRH. Elyxium Wealth LLC acquired a new position in shares of Texas Roadhouse in the 4th quarter worth approximately $25,000. Basecamp Wealth Advisors LLC grew its holdings in Texas Roadhouse by 5,033.3% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 151 shares during the last quarter. Silvant Capital Management LLC bought a new stake in Texas Roadhouse during the 2nd quarter worth about $32,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Texas Roadhouse in the third quarter valued at approximately $33,000. Finally, Garton & Associates Financial Advisors LLC acquired a new position in Texas Roadhouse during the 4th quarter worth $34,000. 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.