Texas Roadhouse (NASDAQ:TXRH) Director Sells 820 Shares

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Donna Epps sold 820 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $206.56, for a total value of $169,379.20. Following the completion of the transaction, the director owned 4,042 shares of the company’s stock, valued at $834,915.52. The trade was a 16.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Texas Roadhouse Trading Down 0.2%

NASDAQ:TXRH traded down $0.46 on Wednesday, reaching $202.93. The company’s stock had a trading volume of 679,071 shares, compared to its average volume of 859,233. Texas Roadhouse, Inc. has a 12-month low of $153.82 and a 12-month high of $216.30. The stock has a 50 day moving average price of $193.86 and a 200 day moving average price of $179.86. The firm has a market cap of $13.32 billion, a price-to-earnings ratio of 32.47, a price-to-earnings-growth ratio of 2.01 and a beta of 0.79. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.03.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The company’s revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.86 EPS. On average, equities analysts anticipate that Texas Roadhouse, Inc. will post 6.63 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Texas Roadhouse in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $235.00 target price on shares of Texas Roadhouse in a report on Monday, August 3rd. Guggenheim reissued a “buy” rating and issued a $210.00 target price on shares of Texas Roadhouse in a research report on Monday, May 18th. Finally, UBS Group lifted their price objective on Texas Roadhouse from $210.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Ten research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $208.48.

Institutional Trading of Texas Roadhouse

A number of large investors have recently modified their holdings of TXRH. Elyxium Wealth LLC purchased a new position in Texas Roadhouse in the fourth quarter valued at $25,000. Basecamp Wealth Advisors LLC increased its holdings in Texas Roadhouse by 5,033.3% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 151 shares during the period. Silvant Capital Management LLC purchased a new stake in Texas Roadhouse during the 2nd quarter worth about $32,000. Measured Wealth Private Client Group LLC acquired a new stake in Texas Roadhouse in the 3rd quarter valued at about $33,000. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in Texas Roadhouse in the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

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.