Texas Roadhouse, Inc. (NASDAQ:TXRH – Get Rating) CEO Gerald L. Morgan sold 3,338 shares of the business’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $90.01, for a total value of $300,453.38. Following the sale, the chief executive officer now directly owns 87,874 shares in the company, valued at $7,909,538.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Texas Roadhouse Price Performance
Shares of NASDAQ:TXRH opened at $88.39 on Friday. The business has a 50 day moving average price of $79.31 and a 200 day moving average price of $81.63. Texas Roadhouse, Inc. has a twelve month low of $68.58 and a twelve month high of $97.43. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 1.68 and a beta of 0.99. The company has a quick ratio of 0.73, a current ratio of 0.24 and a debt-to-equity ratio of 0.08.
Texas Roadhouse (NASDAQ:TXRH – Get Rating) last announced its earnings results on Thursday, July 28th. The restaurant operator reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.04. Texas Roadhouse had a return on equity of 24.45% and a net margin of 6.71%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company earned $1.08 EPS. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. Research analysts predict that Texas Roadhouse, Inc. will post 3.84 earnings per share for the current year.
Texas Roadhouse Announces Dividend
Institutional Trading of Texas Roadhouse
Several hedge funds have recently added to or reduced their stakes in TXRH. HM Payson & Co. acquired a new position in Texas Roadhouse in the 1st quarter valued at approximately $25,000. TCI Wealth Advisors Inc. raised its holdings in shares of Texas Roadhouse by 319.5% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 344 shares of the restaurant operator’s stock worth $25,000 after buying an additional 262 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Texas Roadhouse by 96.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 405 shares of the restaurant operator’s stock worth $29,000 after buying an additional 199 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Texas Roadhouse in the 4th quarter worth approximately $51,000. Finally, CENTRAL TRUST Co raised its holdings in shares of Texas Roadhouse by 92.7% in the 1st quarter. CENTRAL TRUST Co now owns 578 shares of the restaurant operator’s stock worth $48,000 after buying an additional 278 shares in the last quarter. Institutional investors own 96.29% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on TXRH shares. Wedbush cut their target price on Texas Roadhouse from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Friday, July 29th. BMO Capital Markets cut their target price on Texas Roadhouse from $95.00 to $90.00 in a research report on Friday, May 6th. Truist Financial dropped their price target on Texas Roadhouse from $113.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, July 1st. Morgan Stanley upped their price target on Texas Roadhouse from $89.00 to $93.00 and gave the company an “equal weight” rating in a research report on Friday, July 29th. Finally, Bank of America began coverage on Texas Roadhouse in a research report on Monday, June 27th. They set a “buy” rating and a $96.00 price target on the stock. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Texas Roadhouse currently has an average rating of “Moderate Buy” and a consensus target price of $101.91.
Texas Roadhouse Company Profile
Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names. As of December 28, 2021, it operated 566 domestic restaurants and 101 franchise restaurants.
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