Lloyd Paul Marshall Sells 1,000 Shares of Texas Roadhouse (NASDAQ:TXRH) Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) insider Lloyd Paul Marshall sold 1,000 shares of Texas Roadhouse stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $178.34, for a total value of $178,340.00. Following the completion of the transaction, the insider owned 10,326 shares in the company, valued at $1,841,538.84. This represents a 8.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Texas Roadhouse Trading Up 0.5%

Shares of NASDAQ:TXRH opened at $177.97 on Friday. Texas Roadhouse, Inc. has a 12-month low of $153.82 and a 12-month high of $199.99. The business’s fifty day simple moving average is $166.60 and its 200-day simple moving average is $172.77. The company has a market capitalization of $11.70 billion, a PE ratio of 28.43, a P/E/G ratio of 1.95 and a beta of 0.77. The company has a current ratio of 0.46, a quick ratio of 0.45 and a debt-to-equity ratio of 0.03.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.07. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the business posted $1.70 EPS. The business’s revenue was up 10.5% compared to the same quarter last year. As a group, equities research analysts predict that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently declared 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 (DPR) is currently 47.92%.

Institutional Trading of Texas Roadhouse

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new stake in Texas Roadhouse during the 4th quarter worth about $25,000. Princeton Global Asset Management LLC acquired a new stake in Texas Roadhouse during the 4th quarter worth about $31,000. Measured Wealth Private Client Group LLC acquired a new stake in Texas Roadhouse during the 3rd quarter worth about $33,000. Garton & Associates Financial Advisors LLC acquired a new stake in Texas Roadhouse during the 4th quarter worth about $34,000. Finally, Root Financial Partners LLC acquired a new stake in Texas Roadhouse during the 3rd quarter worth about $36,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Key Texas Roadhouse News

Here are the key news stories impacting Texas Roadhouse this week:

• Positive Sentiment: RBC Capital and UBS both turned bullish on Texas Roadhouse, adding to a generally supportive analyst backdrop that can boost investor confidence in TXRH. Texas Roadhouse attracts a bull rating from RBC Capital Texas Roadhouse (TXRH) Gets a Buy from UBS
• Positive Sentiment: JPMorgan raised its price target on TXRH to $188 from $182, signaling expectations for additional upside from current levels. Texas Roadhouse had its price target raised by JPMorgan Chase & Co.
• Positive Sentiment: Texas Roadhouse’s latest earnings beat EPS estimates, and revenue grew 10.5% year over year, reinforcing the stock’s fundamental support after the company’s May 7 report. Texas Roadhouse stock and earnings details
• Neutral Sentiment: Analysts continue to view TXRH favorably overall, but the consensus rating remains “Hold,” which may limit how far the stock can run on news alone.
• Neutral Sentiment: The company also announced a quarterly dividend of $0.75 per share, which supports the investment case but is not likely the main driver of trading today.
• Negative Sentiment: Insiders sold shares this week, including director Gregory Moore and insider Lloyd Paul Marshall, which can create a slight headwind if investors read the activity as limited near-term enthusiasm. SEC filing for Lloyd Paul Marshall transaction

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TXRH. BTIG Research restated a “buy” rating and set a $200.00 target price on shares of Texas Roadhouse in a research note on Friday, February 20th. Stifel Nicolaus boosted their target price on Texas Roadhouse from $170.00 to $180.00 and gave the stock a “hold” rating in a research note on Tuesday, May 12th. Mizuho boosted their target price on Texas Roadhouse from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. The Goldman Sachs Group boosted their target price on Texas Roadhouse from $175.00 to $200.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $200.00 target price on shares of Texas Roadhouse in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Texas Roadhouse currently has an average rating of “Hold” and an average target price of $195.09.

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.