Texas Roadhouse (NASDAQ:TXRH) Director Curtis Warfield Sells 2,640 Shares of Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Curtis Warfield sold 2,640 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $183.05, for a total value of $483,252.00. Following the transaction, the director directly owned 5,361 shares in the company, valued at $981,331.05. This represents a 33.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Texas Roadhouse Trading Down 2.3%

Shares of TXRH opened at $179.30 on Thursday. Texas Roadhouse, Inc. has a fifty-two week low of $153.82 and a fifty-two week high of $199.99. The business has a 50-day moving average of $166.70 and a 200 day moving average of $172.72. The firm has a market cap of $11.82 billion, a P/E ratio of 28.64, a price-to-earnings-growth ratio of 2.02 and a beta of 0.77. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.45 and a current ratio of 0.46.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $1.87 EPS for the quarter, beating the consensus estimate of $1.80 by $0.07. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The company’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.70 earnings per share. As a group, research analysts forecast that Texas Roadhouse, Inc. will post 6.38 EPS for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd will be paid a dividend of $0.75 per share. 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 dividend payout ratio is presently 47.92%.

Institutional Investors Weigh In On Texas Roadhouse

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Capital World Investors grew 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 worth $371,658,000 after buying an additional 1,908,033 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Texas Roadhouse during the 3rd quarter valued at about $157,310,000. Wellington Management Group LLP grew its holdings in shares of Texas Roadhouse by 228.4% during the fourth quarter. Wellington Management Group LLP now owns 1,329,052 shares of the restaurant operator’s stock worth $220,623,000 after purchasing an additional 924,306 shares in the last quarter. Norges Bank bought a new position in shares of Texas Roadhouse in the fourth quarter worth approximately $145,734,000. Finally, Victory Capital Management Inc. raised its stake in Texas Roadhouse by 770.6% in the third quarter. Victory Capital Management Inc. now owns 972,251 shares of the restaurant operator’s stock valued at $161,540,000 after purchasing an additional 860,571 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Wall Street Analyst Weigh In

TXRH has been the topic of a number of analyst reports. Benchmark reissued a “hold” rating on shares of Texas Roadhouse in a report on Monday, February 23rd. KeyCorp reiterated a “sector weight” rating on shares of Texas Roadhouse in a research report on Friday, February 20th. The Goldman Sachs Group boosted their price objective on Texas Roadhouse from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Stifel Nicolaus increased their price objective on Texas Roadhouse from $170.00 to $180.00 and gave the stock a “hold” rating in a report on Tuesday. Finally, Wall Street Zen upgraded Texas Roadhouse from a “sell” rating to a “hold” rating in a research note on Sunday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $193.45.

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.