Texas Roadhouse (NASDAQ:TXRH) Director Gregory Moore Sells 1,400 Shares

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Gregory Moore sold 1,400 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $170.00, for a total value of $238,000.00. Following the completion of the sale, the director directly owned 32,150 shares of the company’s stock, valued at $5,465,500. This represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Texas Roadhouse Stock Down 0.5%

TXRH stock traded down $0.86 on Friday, reaching $166.27. 867,191 shares of the company’s stock were exchanged, compared to its average volume of 969,415. The stock has a fifty day moving average of $169.33 and a 200-day moving average of $177.14. The firm has a market cap of $11.00 billion, a PE ratio of 25.42, a P/E/G ratio of 2.72 and a beta of 0.88. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, November 6th. The restaurant operator reported $1.25 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.03). Texas Roadhouse had a return on equity of 30.59% and a net margin of 7.49%.The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the firm posted $1.26 earnings per share. Texas Roadhouse’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, equities research analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, December 2nd. Texas Roadhouse’s dividend payout ratio is presently 41.59%.

Institutional Trading of Texas Roadhouse

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Alliancebernstein L.P. lifted its stake in shares of Texas Roadhouse by 528.2% in the 2nd quarter. Alliancebernstein L.P. now owns 3,172,738 shares of the restaurant operator’s stock valued at $594,603,000 after purchasing an additional 2,667,716 shares in the last quarter. Axiom Investors LLC DE raised its holdings in Texas Roadhouse by 3,696.7% in the first quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock valued at $362,221,000 after buying an additional 2,116,552 shares during the period. Capital World Investors lifted its position in Texas Roadhouse by 580.2% during the third quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator’s stock valued at $371,658,000 after buying an additional 1,908,033 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in Texas Roadhouse by 209.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator’s stock worth $268,209,000 after buying an additional 1,089,256 shares during the period. Finally, AQR Capital Management LLC grew its stake in Texas Roadhouse by 85.7% during the second quarter. AQR Capital Management LLC now owns 2,343,000 shares of the restaurant operator’s stock worth $439,102,000 after buying an additional 1,081,413 shares during the period. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TXRH. Wells Fargo & Company reduced their price target on shares of Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Zacks Research downgraded Texas Roadhouse from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. UBS Group reaffirmed a “buy” rating on shares of Texas Roadhouse in a report on Monday, November 10th. Evercore ISI lowered Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 target price on the stock. in a report on Thursday, September 4th. Finally, Guggenheim restated a “buy” rating and issued a $210.00 price target on shares of Texas Roadhouse in a research report on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $192.95.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.