Jane Grote Abell Sells 339 Shares of Texas Roadhouse (NASDAQ:TXRH) Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Jane Grote Abell sold 339 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $177.43, for a total transaction of $60,148.77. Following the completion of the sale, the director directly owned 2,161 shares of the company’s stock, valued at $383,426.23. The trade was a 13.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Texas Roadhouse Stock Performance

Shares of TXRH stock opened at $178.34 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.40 and a current ratio of 0.46. Texas Roadhouse, Inc. has a one year low of $153.82 and a one year high of $199.99. The company’s 50-day simple moving average is $166.81 and its 200-day simple moving average is $172.91. The stock has a market capitalization of $11.72 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 1.91 and a beta of 0.77.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.07. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the company earned $1.70 earnings per share. Texas Roadhouse’s quarterly revenue was up 10.5% on a year-over-year basis. Equities analysts anticipate that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 2nd will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, June 2nd. Texas Roadhouse’s payout ratio is 47.92%.

Analyst Ratings Changes

Several equities analysts recently issued reports on TXRH shares. Royal Bank Of Canada upgraded Texas Roadhouse from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $180.00 to $210.00 in a research note on Friday, May 15th. TD Cowen dropped their target price on shares of Texas Roadhouse from $215.00 to $192.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Wall Street Zen upgraded shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. Barclays decreased their price target on shares of Texas Roadhouse from $188.00 to $175.00 and set an “equal weight” rating for the company in a report on Friday, May 8th. Finally, Citigroup dropped their price objective on shares of Texas Roadhouse from $176.00 to $174.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, Texas Roadhouse has an average rating of “Hold” and a consensus target price of $195.09.

Institutional Investors Weigh In On Texas Roadhouse

Several large investors have recently added to or reduced their stakes in the stock. Oak Thistle LLC bought a new position in Texas Roadhouse during the 4th quarter valued at $1,553,000. Capital World Investors raised its stake in shares of Texas Roadhouse by 580.2% in the 3rd quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator’s stock worth $371,658,000 after buying an additional 1,908,033 shares in the last quarter. Caprock Group LLC acquired a new stake in shares of Texas Roadhouse in the third quarter valued at $1,070,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Texas Roadhouse by 101.0% in the third quarter. Sequoia Financial Advisors LLC now owns 5,377 shares of the restaurant operator’s stock valued at $893,000 after buying an additional 2,702 shares during the period. Finally, Cinctive Capital Management LP bought a new position in Texas Roadhouse during the third quarter valued at about $18,915,000. 94.82% of the stock is owned by institutional investors and hedge funds.

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.