Lloyd Paul Marshall Sells 1,000 Shares of Texas Roadhouse (NASDAQ:TXRH) Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) insider Lloyd Paul Marshall sold 1,000 shares of Texas Roadhouse stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $178.34, for a total value of $178,340.00. Following the completion of the transaction, the insider owned 10,326 shares in the company, valued at $1,841,538.84. The trade was a 8.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH traded up $0.91 during mid-day trading on Friday, reaching $177.97. The company had a trading volume of 967,223 shares, compared to its average volume of 1,309,286. The company has a current ratio of 0.46, a quick ratio of 0.45 and a debt-to-equity ratio of 0.03. The stock has a market cap of $11.70 billion, a PE ratio of 28.43, a P/E/G ratio of 1.94 and a beta of 0.77. The company has a 50-day moving average price of $166.60 and a two-hundred day moving average price of $172.77. Texas Roadhouse, Inc. has a 1-year low of $153.82 and a 1-year high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.07. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The company’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.70 EPS. On average, equities analysts anticipate that Texas Roadhouse, Inc. will post 6.38 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

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

Analyst Ratings Changes

TXRH has been the topic of a number of recent research reports. BTIG Research restated a “buy” rating and issued a $200.00 target price on shares of Texas Roadhouse in a report on Friday, February 20th. The Goldman Sachs Group lifted their target price on Texas Roadhouse from $175.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Wall Street Zen upgraded Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Truist Financial lowered their price target on Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating on the stock in a report on Friday, February 20th. Finally, Stifel Nicolaus lifted their price target on Texas Roadhouse from $170.00 to $180.00 and gave the company a “hold” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $195.09.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Waverly Advisors LLC grew its stake in Texas Roadhouse by 54.5% in the first quarter. Waverly Advisors LLC now owns 3,376 shares of the restaurant operator’s stock valued at $558,000 after purchasing an additional 1,191 shares in the last quarter. Entropy Technologies LP grew its stake in Texas Roadhouse by 12.4% in the first quarter. Entropy Technologies LP now owns 16,152 shares of the restaurant operator’s stock valued at $2,667,000 after purchasing an additional 1,788 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Texas Roadhouse in the first quarter valued at about $7,864,000. Public Employees Retirement System of Ohio boosted its stake in shares of Texas Roadhouse by 101.3% during the 1st quarter. Public Employees Retirement System of Ohio now owns 43,207 shares of the restaurant operator’s stock worth $7,135,000 after acquiring an additional 21,743 shares in the last quarter. Finally, Compound Planning Inc. boosted its stake in shares of Texas Roadhouse by 23.5% during the 1st quarter. Compound Planning Inc. now owns 1,739 shares of the restaurant operator’s stock worth $287,000 after acquiring an additional 331 shares in the last quarter. 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.