Insider Selling: Texas Roadhouse, Inc. (TXRH) Director Sells $66,118.00 in Stock
Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Kathy Widmer sold 1,300 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $50.86, for a total value of $66,118.00. Following the completion of the sale, the director now owns 10,450 shares of the company’s stock, valued at $531,487. The transaction was disclosed in a filing with the SEC, which is available through this link.
Kathy Widmer also recently made the following trade(s):
- On Thursday, September 21st, Kathy Widmer sold 2,000 shares of Texas Roadhouse stock. The stock was sold at an average price of $47.95, for a total value of $95,900.00.
Shares of Texas Roadhouse, Inc. (TXRH) traded up $0.47 during trading on Friday, hitting $52.09. The stock had a trading volume of 1,031,463 shares, compared to its average volume of 575,772. The stock has a market capitalization of $3,703.91, a price-to-earnings ratio of 28.01, a price-to-earnings-growth ratio of 2.13 and a beta of 0.52. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 0.06. Texas Roadhouse, Inc. has a 52-week low of $40.28 and a 52-week high of $53.61.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Wednesday, December 13th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.61%. Texas Roadhouse’s payout ratio is 48.56%.
Institutional investors have recently modified their holdings of the company. Strs Ohio grew its position in shares of Texas Roadhouse by 13.0% during the second quarter. Strs Ohio now owns 7,800 shares of the restaurant operator’s stock valued at $397,000 after purchasing an additional 900 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Texas Roadhouse by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 144,517 shares of the restaurant operator’s stock valued at $7,363,000 after purchasing an additional 2,531 shares in the last quarter. Eaton Vance Management grew its position in shares of Texas Roadhouse by 122.1% during the second quarter. Eaton Vance Management now owns 378,905 shares of the restaurant operator’s stock valued at $19,305,000 after purchasing an additional 208,290 shares in the last quarter. AHL Partners LLP lifted its holdings in shares of Texas Roadhouse by 87.9% in the 2nd quarter. AHL Partners LLP now owns 126,695 shares of the restaurant operator’s stock valued at $6,455,000 after acquiring an additional 59,260 shares during the last quarter. Finally, Advisor Group Inc. lifted its holdings in shares of Texas Roadhouse by 26.8% in the 2nd quarter. Advisor Group Inc. now owns 2,808 shares of the restaurant operator’s stock valued at $143,000 after acquiring an additional 593 shares during the last quarter. Hedge funds and other institutional investors own 86.01% of the company’s stock.
Several research firms have recently commented on TXRH. BMO Capital Markets reduced their price objective on Texas Roadhouse from $58.00 to $57.00 and set an “outperform” rating for the company in a research note on Tuesday, October 31st. Maxim Group upped their price objective on Texas Roadhouse from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Robert W. Baird restated a “buy” rating and issued a $56.00 price objective on shares of Texas Roadhouse in a research note on Tuesday, September 19th. Stifel Nicolaus began coverage on Texas Roadhouse in a research note on Monday, October 2nd. They issued a “buy” rating and a $55.00 price objective for the company. Finally, Canaccord Genuity restated a “hold” rating and issued a $51.00 price objective on shares of Texas Roadhouse in a research note on Sunday, October 22nd. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $51.05.
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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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