Texas Roadhouse (NASDAQ:TXRH) Director Donna Epps Sells 850 Shares

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Donna Epps sold 850 shares of Texas Roadhouse stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $172.45, for a total value of $146,582.50. Following the transaction, the director directly owned 4,892 shares in the company, valued at $843,625.40. The trade was a 14.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH traded down $3.50 during midday trading on Friday, reaching $171.54. The stock had a trading volume of 1,064,649 shares, compared to its average volume of 1,079,760. The company’s 50 day moving average price is $182.52 and its 200 day moving average price is $173.70. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $199.99. The firm has a market cap of $11.35 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 1.90 and a beta of 0.86.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.25). The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.50 billion. Texas Roadhouse had a net margin of 6.90% and a return on equity of 27.88%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.73 EPS. Equities analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $3.00 dividend on an annualized basis and a yield of 1.7%. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.68. Texas Roadhouse’s payout ratio is presently 44.66%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Texas Roadhouse in a report on Monday, December 29th. Truist Financial reduced their price objective on shares of Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating for the company in a research report on Friday, February 20th. UBS Group reiterated a “buy” rating on shares of Texas Roadhouse in a research note on Monday, November 10th. Barclays set a $188.00 target price on shares of Texas Roadhouse in a research report on Friday, February 20th. Finally, Royal Bank Of Canada cut their target price on Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating on the stock in a research note on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $196.55.

Hedge Funds Weigh In On Texas Roadhouse

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its holdings in Texas Roadhouse by 12.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,423 shares of the restaurant operator’s stock valued at $404,000 after purchasing an additional 259 shares during the period. Focus Partners Wealth boosted its holdings in shares of Texas Roadhouse by 23.3% in the 1st quarter. Focus Partners Wealth now owns 6,124 shares of the restaurant operator’s stock worth $1,020,000 after purchasing an additional 1,157 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Texas Roadhouse by 36.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock worth $70,000 after purchasing an additional 111 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Texas Roadhouse during the 2nd quarter valued at about $657,000. Finally, Sigma Planning Corp increased its position in shares of Texas Roadhouse by 8.1% during the 2nd quarter. Sigma Planning Corp now owns 2,228 shares of the restaurant operator’s stock valued at $418,000 after purchasing an additional 166 shares during the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

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.