Texas Roadhouse (NASDAQ:TXRH) Director Hugh Carroll Sells 650 Shares of Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Hugh Carroll sold 650 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $203.99, for a total transaction of $132,593.50. Following the transaction, the director owned 2,883 shares of the company’s stock, valued at approximately $588,103.17. The trade was a 18.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $200.12 on Friday. Texas Roadhouse, Inc. has a 12 month low of $153.82 and a 12 month high of $216.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.39. The firm has a market capitalization of $13.14 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 2.02 and a beta of 0.79. The business’s fifty day moving average price is $197.77 and its 200 day moving average price is $180.63.

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, topping analysts’ consensus estimates of $1.83 by $0.02. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.Texas Roadhouse’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.86 EPS. On average, sell-side analysts anticipate that Texas Roadhouse, Inc. will post 6.63 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.75 per share. The ex-dividend date is Tuesday, September 1st. This represents a $3.00 annualized dividend and a yield of 1.5%. Texas Roadhouse’s payout ratio is presently 48.00%.

Wall Street Analysts Forecast Growth

TXRH has been the topic of several recent analyst reports. BMO Capital Markets increased their price target on shares of Texas Roadhouse from $165.00 to $180.00 and gave the company a “market perform” rating in a research note on Thursday, May 21st. Morgan Stanley restated an “overweight” rating and set a $212.00 price objective on shares of Texas Roadhouse in a research report on Friday, August 7th. Citigroup upped their target price on shares of Texas Roadhouse from $193.00 to $209.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Mizuho increased their target price on shares of Texas Roadhouse from $190.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, Texas Roadhouse currently has an average rating of “Moderate Buy” and an average target price of $208.48.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TXRH. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Texas Roadhouse during the second quarter worth approximately $850,000. California State Teachers Retirement System boosted its holdings in shares of Texas Roadhouse by 19,889.7% in the second quarter. California State Teachers Retirement System now owns 15,417,049 shares of the restaurant operator’s stock valued at $2,979,036,000 after acquiring an additional 15,339,924 shares during the period. Nilsine Partners LLC acquired a new stake in shares of Texas Roadhouse in the second quarter valued at approximately $202,000. AXQ Capital LP grew its position in shares of Texas Roadhouse by 98.7% during the second quarter. AXQ Capital LP now owns 10,829 shares of the restaurant operator’s stock worth $2,092,000 after acquiring an additional 5,379 shares during the last quarter. Finally, Nykredit A S purchased a new position in shares of Texas Roadhouse during the second quarter worth approximately $466,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

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.