Texas Roadhouse (NASDAQ:TXRH) Director Gregory Moore Sells 1,250 Shares

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Gregory Moore sold 1,250 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $178.14, for a total transaction of $222,675.00. Following the completion of the sale, the director owned 30,900 shares in the company, valued at $5,504,526. The trade was a 3.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $179.30 on Thursday. The company has a current ratio of 0.46, a quick ratio of 0.45 and a debt-to-equity ratio of 0.03. The company has a fifty day simple moving average of $166.70 and a 200-day simple moving average of $172.72. The stock has a market cap of $11.82 billion, a P/E ratio of 28.64, a price-to-earnings-growth ratio of 2.02 and a beta of 0.77. Texas Roadhouse, Inc. has a 12-month low of $153.82 and a 12-month high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 EPS for the quarter, beating the consensus estimate of $1.80 by $0.07. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the company posted $1.70 earnings per share. Texas Roadhouse’s revenue for the quarter was up 10.5% compared to the same quarter last year. Equities analysts expect that Texas Roadhouse, Inc. will post 6.38 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 2nd will be issued a $0.75 dividend. The ex-dividend date is Tuesday, June 2nd. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.7%. Texas Roadhouse’s dividend payout ratio is presently 47.92%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new stake in Texas Roadhouse in the fourth quarter valued at approximately $25,000. Princeton Global Asset Management LLC acquired a new position in shares of Texas Roadhouse in the 4th quarter valued at $31,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Texas Roadhouse in the 3rd quarter valued at $33,000. Garton & Associates Financial Advisors LLC purchased a new stake in Texas Roadhouse in the 4th quarter valued at $34,000. Finally, Root Financial Partners LLC purchased a new stake in Texas Roadhouse in the 3rd quarter valued at $36,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TXRH shares. Benchmark restated a “hold” rating on shares of Texas Roadhouse in a research note on Monday, February 23rd. BTIG Research reiterated a “buy” rating and issued a $200.00 price target on shares of Texas Roadhouse in a research note on Friday, February 20th. KeyCorp reissued a “sector weight” rating on shares of Texas Roadhouse in a report on Friday, February 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $200.00 price objective on shares of Texas Roadhouse in a research report on Friday, May 8th. Finally, Barclays dropped their target price on shares of Texas Roadhouse from $188.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat, Texas Roadhouse currently has an average rating of “Hold” and an average target price of $193.45.

About Texas Roadhouse

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.