Insider Selling: Texas Roadhouse (NASDAQ:TXRH) CEO Sells 5,000 Shares of Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) CEO Gerald Morgan sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $196.00, for a total transaction of $980,000.00. Following the transaction, the chief executive officer owned 91,774 shares in the company, valued at $17,987,704. This trade represents a 5.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Texas Roadhouse Stock Down 0.1%

Texas Roadhouse stock traded down $0.11 during midday trading on Thursday, reaching $191.25. The stock had a trading volume of 716,141 shares, compared to its average volume of 972,531. The firm has a market cap of $12.65 billion, a price-to-earnings ratio of 29.24, a price-to-earnings-growth ratio of 3.05 and a beta of 0.89. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $199.99. The company has a fifty day moving average of $174.73 and a 200 day moving average of $173.74.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.03). The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Texas Roadhouse had a return on equity of 30.59% and a net margin of 7.49%.The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 earnings per share. Equities research analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.4%. Texas Roadhouse’s dividend payout ratio (DPR) is 41.59%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Caldwell Trust Co acquired a new stake in Texas Roadhouse in the second quarter worth about $28,000. Princeton Global Asset Management LLC acquired a new stake in Texas Roadhouse in the 4th quarter worth approximately $31,000. Measured Wealth Private Client Group LLC purchased a new stake in Texas Roadhouse during the 3rd quarter worth approximately $33,000. Root Financial Partners LLC acquired a new position in Texas Roadhouse during the 3rd quarter valued at approximately $36,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Texas Roadhouse in the second quarter worth $53,000. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TXRH shares. The Goldman Sachs Group reduced their price objective on Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Sanford C. Bernstein set a $185.00 price target on Texas Roadhouse in a research report on Wednesday, January 7th. Wall Street Zen lowered shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Royal Bank Of Canada cut their target price on shares of Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th. Finally, Stephens lowered their price target on shares of Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.33.

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.