Texas Roadhouse (NASDAQ:TXRH) CEO Gerald Morgan Sells 15,000 Shares of Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) CEO Gerald Morgan sold 15,000 shares of Texas Roadhouse stock in a transaction on Friday, August 21st. The stock was sold at an average price of $202.17, for a total transaction of $3,032,550.00. Following the completion of the transaction, the chief executive officer owned 80,970 shares in the company, valued at $16,369,704.90. This trade represents a 15.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Texas Roadhouse Stock Up 1.6%

TXRH stock opened at $204.48 on Friday. The stock has a market capitalization of $13.42 billion, a price-to-earnings ratio of 32.72, a price-to-earnings-growth ratio of 1.99 and a beta of 0.79. The company has a 50-day moving average of $195.26 and a two-hundred day moving average of $180.18. Texas Roadhouse, Inc. has a 52-week low of $153.82 and a 52-week 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.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.02. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The firm’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.86 EPS. As a group, equities research analysts anticipate that Texas Roadhouse, Inc. will post 6.63 EPS for the current year.

Texas Roadhouse Dividend Announcement

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

Hedge Funds Weigh In On Texas Roadhouse

Several hedge funds and other institutional investors have recently modified their holdings of TXRH. Elyxium Wealth LLC bought a new stake in Texas Roadhouse in the fourth quarter valued at $25,000. Basecamp Wealth Advisors LLC lifted its holdings in shares of Texas Roadhouse by 5,033.3% during the first quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 151 shares during the period. Silvant Capital Management LLC acquired a new stake in shares of Texas Roadhouse in the 2nd quarter valued at $32,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Texas Roadhouse in the 3rd quarter valued at $33,000. Finally, Garton & Associates Financial Advisors LLC bought a new stake in shares of Texas Roadhouse in the 4th quarter worth about $34,000. Institutional investors own 94.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TXRH. Robert W. Baird set a $235.00 target price on shares of Texas Roadhouse in a research report on Friday, August 7th. Guggenheim restated a “buy” rating and issued a $210.00 price target on shares of Texas Roadhouse in a research report on Monday, May 18th. Stephens boosted their price objective on shares of Texas Roadhouse from $180.00 to $205.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. BMO Capital Markets lifted their target price on Texas Roadhouse from $165.00 to $180.00 and gave the stock a “market perform” rating in a research report on Thursday, May 21st. Finally, TD Cowen upped their price target on Texas Roadhouse from $205.00 to $230.00 and gave the company a “buy” rating in a report on Friday, August 7th. Ten equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat, Texas Roadhouse currently has a consensus rating of “Hold” and an average target price of $208.48.

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.