Texas Roadhouse (NASDAQ:TXRH) Director Sells $624,960.00 in Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Gregory Moore sold 3,000 shares of Texas Roadhouse stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $208.32, for a total transaction of $624,960.00. Following the sale, the director directly owned 26,900 shares in the company, valued at approximately $5,603,808. This trade represents a 10.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $207.10 on Friday. The company has a fifty day simple moving average of $191.57 and a 200-day simple moving average of $179.48. The firm has a market capitalization of $13.61 billion, a price-to-earnings ratio of 33.14, a PEG ratio of 2.05 and a beta of 0.79. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 0.03. Texas Roadhouse, Inc. has a 52-week low of $153.82 and a 52-week high of $216.30.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.02. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the firm posted $1.86 earnings per share. On average, equities analysts anticipate that Texas Roadhouse, Inc. will post 6.63 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Texas Roadhouse’s dividend payout ratio (DPR) is 48.00%.

Institutional Trading of Texas Roadhouse

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Texas Roadhouse in the second quarter valued at approximately $1,273,173,000. AQR Capital Management LLC increased its stake in Texas Roadhouse by 27.4% during the fourth quarter. AQR Capital Management LLC now owns 2,674,102 shares of the restaurant operator’s stock worth $443,901,000 after acquiring an additional 575,685 shares during the last quarter. Capital World Investors increased its stake in Texas Roadhouse by 13.4% during the fourth quarter. Capital World Investors now owns 2,537,290 shares of the restaurant operator’s stock worth $421,190,000 after acquiring an additional 300,405 shares during the last quarter. UBS Group AG raised its position in Texas Roadhouse by 60.4% in the fourth quarter. UBS Group AG now owns 1,387,454 shares of the restaurant operator’s stock valued at $230,317,000 after purchasing an additional 522,509 shares during the period. Finally, Geode Capital Management LLC raised its position in Texas Roadhouse by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 1,367,120 shares of the restaurant operator’s stock valued at $226,984,000 after purchasing an additional 24,834 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Texas Roadhouse from $182.00 to $188.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Morgan Stanley reiterated an “overweight” rating and set a $212.00 price objective on shares of Texas Roadhouse in a research report on Friday, August 7th. Stifel Nicolaus boosted their price objective on Texas Roadhouse from $170.00 to $180.00 and gave the stock a “hold” rating in a research note on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $235.00 target price on shares of Texas Roadhouse in a report on Monday, August 3rd. Finally, Robert W. Baird set a $235.00 target price on Texas Roadhouse in a research note on Friday, August 7th. Ten research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Texas Roadhouse has a consensus rating of “Hold” and a consensus price target of $208.48.

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.