Texas Roadhouse (NASDAQ:TXRH) Director Gregory Moore Sells 3,000 Shares

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Gregory Moore sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $208.32, for a total transaction of $624,960.00. Following the transaction, the director owned 26,900 shares of the company’s stock, valued at approximately $5,603,808. This represents a 10.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Texas Roadhouse Trading Down 3.4%

TXRH opened at $207.01 on Friday. The firm’s fifty day moving average is $190.83 and its two-hundred day moving average is $179.29. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.40 and a current ratio of 0.46. The firm has a market cap of $13.61 billion, a PE ratio of 33.12, a price-to-earnings-growth ratio of 2.12 and a beta of 0.79. Texas Roadhouse, Inc. has a twelve month low of $153.82 and a twelve month high of $216.30.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.02. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the business earned $1.86 EPS. The firm’s revenue was up 11.1% on a year-over-year basis. Equities research analysts anticipate that Texas Roadhouse, Inc. will post 6.63 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Texas Roadhouse’s payout ratio is presently 48.00%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Elyxium Wealth LLC bought a new stake in Texas Roadhouse in the 4th quarter valued at approximately $25,000. Basecamp Wealth Advisors LLC grew its stake in shares of 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 acquiring an additional 151 shares in the last quarter. Silvant Capital Management LLC bought a new position in shares of Texas Roadhouse during the 2nd quarter worth approximately $32,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Texas Roadhouse in the third quarter valued at approximately $33,000. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at approximately $34,000. 94.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TXRH. Piper Sandler lifted their price objective on Texas Roadhouse from $192.00 to $208.00 and gave the company a “neutral” rating in a report on Monday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $235.00 target price on shares of Texas Roadhouse in a research note on Monday, August 3rd. Barclays cut their price target on shares of Texas Roadhouse from $188.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Friday, May 8th. Wells Fargo & Company upped their price target on shares of Texas Roadhouse from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Texas Roadhouse in a research report on Friday, May 29th. Ten investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $208.48.

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.