Texas Roadhouse (NASDAQ:TXRH) Director Sells $250,290.04 in Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Curtis Warfield sold 1,316 shares of the stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $190.19, for a total transaction of $250,290.04. Following the transaction, the director directly owned 4,045 shares in the company, valued at approximately $769,318.55. This represents a 24.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Texas Roadhouse Trading Down 0.0%

Shares of TXRH traded down $0.01 during mid-day trading on Friday, reaching $185.98. The company had a trading volume of 715,207 shares, compared to its average volume of 1,247,134. Texas Roadhouse, Inc. has a fifty-two week low of $153.82 and a fifty-two week high of $216.30. The firm has a fifty day simple moving average of $172.19 and a 200-day simple moving average of $179.03. The stock has a market cap of $12.21 billion, a price-to-earnings ratio of 29.24, a price-to-earnings-growth ratio of 2.14 and a beta of 0.81. The company has a current ratio of 0.38, a quick ratio of 0.39 and a debt-to-equity ratio of 0.03.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, November 5th. The restaurant operator reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.10). The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.58 billion. Texas Roadhouse had a return on equity of 27.01% and a net margin of 6.59%. The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.25 earnings per share. On average, sell-side analysts anticipate that Texas Roadhouse, Inc. will post 6.37 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 29th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, December 1st. Texas Roadhouse’s payout ratio is 47.17%.

Institutional Investors Weigh In On Texas Roadhouse

Several institutional investors and hedge funds have recently modified their holdings of the stock. Basecamp Wealth Advisors LLC boosted its holdings in Texas Roadhouse by 5,033.3% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 151 shares during the period. Signature Equity Partners LLC grew its position in Texas Roadhouse by 906.2% in the third quarter. Signature Equity Partners LLC now owns 161 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 145 shares in the last quarter. Silvant Capital Management LLC acquired a new stake in Texas Roadhouse in the second quarter valued at approximately $32,000. Coppell Advisory Solutions LLC purchased a new stake in shares of Texas Roadhouse during the second quarter valued at approximately $38,000. Finally, Western Wealth Management LLC purchased a new stake in shares of Texas Roadhouse during the first quarter valued at approximately $47,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TXRH shares. Jefferies Financial Group upgraded Texas Roadhouse from a “hold” rating to a “buy” rating and raised their price objective for the stock from $186.00 to $190.00 in a report on Wednesday, October 14th. KeyCorp reiterated a “sector weight” rating on shares of Texas Roadhouse in a report on Friday, October 2nd. Bank of America boosted their target price on Texas Roadhouse from $225.00 to $227.00 and gave the stock a “buy” rating in a report on Friday, November 6th. Barclays downgraded shares of Texas Roadhouse from an “equal weight” rating to a “cautious” rating in a research report on Wednesday, October 14th. Finally, Evercore set a $220.00 price target on shares of Texas Roadhouse in a report on Friday, September 25th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Texas Roadhouse currently has an average rating of “Moderate Buy” and a consensus price target of $208.04.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc. operates and franchises casual dining restaurants under the Texas Roadhouse, Bubba’s 33 and Jaggers brands. Its restaurants are known for a lively atmosphere and made-from-scratch food. The Texas Roadhouse menu features hand-cut steaks, ribs, chicken, seafood and made-from-scratch sides, along with freshly baked bread. Bubba’s 33 offers a sports-bar setting with items such as burgers, pizza and wings, while Jaggers focuses on burgers, chicken sandwiches and salads. Founded in 1993 in Clarksville, Indiana, Texas Roadhouse is headquartered in Louisville, Kentucky.