Celia Catlett Sells 3,663 Shares of Texas Roadhouse, Inc. (TXRH) Stock
Texas Roadhouse, Inc. (NASDAQ:TXRH) General Counsel Celia Catlett sold 3,663 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $49.34, for a total transaction of $180,732.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Texas Roadhouse, Inc. (NASDAQ TXRH) traded down $0.12 during midday trading on Friday, hitting $49.86. 359,549 shares of the stock traded hands, compared to its average volume of 776,667. Texas Roadhouse, Inc. has a 12-month low of $40.28 and a 12-month high of $53.61. The stock has a market cap of $3,550.00, a price-to-earnings ratio of 26.91, a P/E/G ratio of 2.05 and a beta of 0.53. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 0.06.
Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Monday, October 30th. The restaurant operator reported $0.43 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. Texas Roadhouse had a net margin of 5.98% and a return on equity of 15.39%. The firm had revenue of $540.50 million during the quarter, compared to analyst estimates of $538.15 million. During the same quarter in the prior year, the firm earned $0.36 EPS. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. analysts forecast that Texas Roadhouse, Inc. will post 1.93 EPS for the current fiscal year.
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A number of equities analysts recently issued reports on the stock. Barclays PLC upped their price target on shares of Texas Roadhouse from $53.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 1st. Robert W. Baird set a $56.00 price target on shares of Texas Roadhouse and gave the stock a “buy” rating in a research note on Wednesday, August 30th. BidaskClub upgraded shares of Texas Roadhouse from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th. BMO Capital Markets dropped their price target on shares of Texas Roadhouse from $58.00 to $57.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 31st. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Texas Roadhouse in a research note on Tuesday, October 31st. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. Texas Roadhouse currently has an average rating of “Hold” and an average target price of $51.05.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Seven Bridges Advisors LLC increased its position in shares of Texas Roadhouse by 0.5% during the 2nd quarter. Seven Bridges Advisors LLC now owns 8,077 shares of the restaurant operator’s stock valued at $412,000 after purchasing an additional 39 shares during the last quarter. YorkBridge Wealth Partners LLC increased its holdings in Texas Roadhouse by 4.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,159 shares of the restaurant operator’s stock worth $110,000 after acquiring an additional 87 shares in the last quarter. Sawtooth Solutions LLC increased its holdings in Texas Roadhouse by 1.9% in the 2nd quarter. Sawtooth Solutions LLC now owns 4,926 shares of the restaurant operator’s stock worth $251,000 after acquiring an additional 91 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in Texas Roadhouse by 2.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 5,346 shares of the restaurant operator’s stock worth $272,000 after acquiring an additional 127 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in Texas Roadhouse by 4.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 3,393 shares of the restaurant operator’s stock worth $151,000 after acquiring an additional 141 shares in the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.
About Texas Roadhouse
Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.
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