Wayne Kent Taylor Sells 100,000 Shares of Texas Roadhouse Inc. (TXRH) Stock
Texas Roadhouse Inc. (NASDAQ:TXRH) CEO Wayne Kent Taylor sold 100,000 shares of the company’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $44.55, for a total transaction of $4,455,000.00. Following the completion of the transaction, the chief executive officer now owns 4,127,152 shares of the company’s stock, valued at $183,864,621.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Wayne Kent Taylor also recently made the following trade(s):
- On Thursday, August 18th, Wayne Kent Taylor sold 150,000 shares of Texas Roadhouse stock. The shares were sold at an average price of $46.03, for a total transaction of $6,904,500.00.
Texas Roadhouse Inc. (NASDAQ:TXRH) opened at 46.20 on Wednesday. The firm has a 50 day moving average of $39.85 and a 200 day moving average of $43.65. Texas Roadhouse Inc. has a one year low of $33.71 and a one year high of $48.99. The firm has a market capitalization of $3.26 billion, a PE ratio of 27.83 and a beta of 0.50.
Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.01. The firm had revenue of $481.64 million for the quarter, compared to the consensus estimate of $483.97 million. Texas Roadhouse had a return on equity of 17.05% and a net margin of 6.01%. The business’s revenue for the quarter was down 58.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.29 earnings per share. Equities analysts forecast that Texas Roadhouse Inc. will post $1.77 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Wednesday, December 14th will be issued a dividend of $0.19 per share. The ex-dividend date is Monday, December 12th. This represents a $0.76 annualized dividend and a yield of 1.65%. Texas Roadhouse’s dividend payout ratio is currently 46.06%.
TXRH has been the subject of several analyst reports. KeyCorp restated a “buy” rating and issued a $50.00 target price on shares of Texas Roadhouse in a research note on Tuesday, August 16th. Jefferies Group downgraded shares of Texas Roadhouse from a “hold” rating to an “underperform” rating and set a $37.00 price objective on the stock. in a research note on Tuesday, July 26th. Zacks Investment Research upgraded shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research note on Saturday, July 30th. Maxim Group upgraded shares of Texas Roadhouse from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Tuesday, October 18th. Finally, Stifel Nicolaus downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating and reduced their price objective for the company from $50.00 to $47.00 in a research note on Tuesday, July 26th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $44.50.
A number of hedge funds have recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Texas Roadhouse by 52.1% in the second quarter. State Street Corp now owns 2,036,118 shares of the company’s stock valued at $92,845,000 after buying an additional 697,515 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Texas Roadhouse by 181.4% in the third quarter. Prudential Financial Inc. now owns 766,175 shares of the company’s stock worth $29,904,000 after buying an additional 493,901 shares during the period. Mesirow Financial Investment Management Equity Management bought a new stake in shares of Texas Roadhouse during the second quarter worth approximately $21,691,000. WBI Investments Inc. bought a new stake in shares of Texas Roadhouse during the second quarter worth approximately $18,654,000. Finally, Morgan Stanley boosted its stake in shares of Texas Roadhouse by 406.3% in the third quarter. Morgan Stanley now owns 509,538 shares of the company’s stock worth $19,887,000 after buying an additional 408,908 shares during the period. 87.09% 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 hand-cut daily on the premises and cooked to order over open grills. In addition to steaks, the Company also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, and an assortment of hamburgers, salads and sandwiches.
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