Texas Roadhouse, Inc. (NASDAQ: TXRH – GET RATING) CEO Gerald L. Morgan sold 3,338 shares of the company’s stock in a transaction that took place on Thursday, August for $300,453.38. Following the transaction, the CEO now owns 87,874 shares of the company, valued at $7,909,538.74. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed at this hyperlink.
Texas Roadhouse trading down 1.4%
Shares of Texas Roadhouse traded at $1.28 midday Friday, reaching $88.39. The stock had a trading volume of 599,420 shares versus an average volume of 1,168,135. The stock has a 50-day simple moving average of $79.31 and a two-hundred-day simple moving average of $81.63. The stock has a market cap of $6.03 billion, a P/E of 24.15, a P/E of 1.68, and a beta of 0.99. Texas Roadhouse, Inc. 12-month low of $68.58 and 12-month high of $97.43. The company has a current ratio of 0.24, a quick ratio of 0.73 and a debt to equity ratio of 0.08.
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Texas Roadhouse (NASDAQ:TXRH – GET RATINGS) last released its quarterly earnings results on Thursday, July 28th. The restaurant operator reported earnings per share (EPS) of $1.07 for the quarter, beating the consensus estimate of $1.03 by $0.04. Texas Roadhouse had a return on equity of 24.45% and a net margin of 6.71%. The company made $1.02 billion in revenue for the quarter, compared to analysts’ expectations of $1.02 billion. In the same quarter last year, the company generated earnings per share of $1.08. The company’s quarterly revenue increased 14.0% compared to the same quarter last year. As a group, sell-off analysts estimate that Texas Roadhouse, Inc. will post 3.84 year-to-date EPS.
Texas Roadhouse declares dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 24th. A dividend of $0.46 per share was paid to shareholders of record on Wednesday, June 8th. That equates to a dividend of $1.84 on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend was Tuesday June 7th. Texas Roadhouse’s payout ratio currently stands at 50.27%.
Institutional investors rate Texas Roadhouse
The hedge fund recently revised its holdings in the company. Inspire Investing LLC acquired a new interest in Texas Roadhouse stock valued at approximately $236,000 during the first quarter. Assenagon Asset Management SA acquired a new interest in shares of Texas Roadhouse valued at approximately $3,968,000 during the fourth quarter. Joseph Capital Management LLC acquired a new interest in Texas Roadhouse stock valued at approximately $2,529,000 during the fourth quarter. ProShares Advisors LLC increased its position in Texas Roadhouse by 55.3% in the fourth quarter. After purchasing an additional 7,806 shares in the previous quarter, ProShares Advisors LLC now owns 21,926 shares of the restaurant operator for $1,958,000. Finally, Nuveen Asset Management LLC increased its position in Texas Roadhouse by 17.0% in the fourth quarter. After purchasing an additional 103,313 shares in the prior quarter, Nuveen Asset Management LLC now owns 710,436 shares of the restaurant operator’s stock valued at $63,428,000. Institutional investors and hedge funds own 96.29% of the company’s shares.
Analysts set new price targets
A number of research analysts have recently commented on TXRH stock. Northcoast Research began reporting on the Texas roadhouse in a report on Wednesday, May 4th. He issued a buy rating and price target of $108.00 for the company. Deutsche Bank Aktiengesellschaft increased its target price on Texas Roadhouse to $97.00 from $91.00 in a report on Friday, July 29. UBS Group lowered its target price on Texas Roadhouse to $104.00 from $108.00 in a research note on Tuesday, July 26. BMO Capital Markets lowered its price target on Texas Roadhouse to $90.00 from $95.00 in a research note on Friday, May 6th. Finally, Citigroup lowered its price target on Texas Roadhouse to $103.00 from $107.00 and put a “buy” rating on the company in a research note on Thursday, June 16th. Seven Equity Research analysts have rated the stock with a hold rating, fourteen with a buy rating and one with a strong buy rating on the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $101.91.
About Texas Roadhouse
(received rating)
Texas Roadhouse, Inc., together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The Company operates and franchises restaurants under the Texas Roadhouse, Bubba’s 33 and Jaggers names. As of December 28, 2021, it operated 566 domestic restaurants and 101 franchised restaurants.
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