Texas Roadhouse (NASDAQ:TXRH) Insider Lloyd Paul Marshall Sells 500 Shares of Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) insider Lloyd Paul Marshall sold 500 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $204.65, for a total transaction of $102,325.00. Following the transaction, the insider directly owned 9,826 shares in the company, valued at $2,010,890.90. The trade was a 4.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Texas Roadhouse Trading Down 1.8%

Shares of TXRH stock opened at $200.12 on Friday. Texas Roadhouse, Inc. has a 52-week low of $153.82 and a 52-week high of $216.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.39 and a current ratio of 0.46. The company has a 50-day simple moving average of $197.77 and a two-hundred day simple moving average of $180.63. The company has a market capitalization of $13.14 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 2.02 and a beta of 0.79.

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

Texas Roadhouse Dividend Announcement

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

Institutional Trading of Texas Roadhouse

Large investors have recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Texas Roadhouse in the second quarter valued at $850,000. California State Teachers Retirement System lifted its position in shares of Texas Roadhouse by 19,889.7% during the 2nd quarter. California State Teachers Retirement System now owns 15,417,049 shares of the restaurant operator’s stock valued at $2,979,036,000 after buying an additional 15,339,924 shares during the last quarter. Nilsine Partners LLC bought a new position in shares of Texas Roadhouse during the 2nd quarter worth $202,000. AXQ Capital LP grew its stake in shares of Texas Roadhouse by 98.7% during the 2nd quarter. AXQ Capital LP now owns 10,829 shares of the restaurant operator’s stock worth $2,092,000 after acquiring an additional 5,379 shares during the period. Finally, Nykredit A S bought a new position in shares of Texas Roadhouse during the 2nd quarter worth $466,000. 94.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TXRH shares. Stephens upped their price objective on Texas Roadhouse from $180.00 to $205.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Wall Street Zen upgraded Texas Roadhouse from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. TD Cowen boosted their price target on shares of Texas Roadhouse from $205.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Texas Roadhouse in a research report on Wednesday. Finally, BMO Capital Markets raised their price objective on shares of Texas Roadhouse from $165.00 to $180.00 and gave the stock a “market perform” rating in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” 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.