Gregory Moore Sells 3,000 Shares of Texas Roadhouse (NASDAQ:TXRH) Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Gregory Moore sold 3,000 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $208.32, for a total value of $624,960.00. Following the sale, the director owned 26,900 shares of the company’s stock, valued at $5,603,808. This represents a 10.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Texas Roadhouse Price Performance

TXRH opened at $207.10 on Friday. The stock’s 50 day simple moving average is $191.57 and its 200 day simple moving average is $179.48. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.40. Texas Roadhouse, Inc. has a 1 year low of $153.82 and a 1 year high of $216.30. The firm has a market cap of $13.61 billion, a price-to-earnings ratio of 33.14, a PEG ratio of 2.05 and a beta of 0.79.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. The business had revenue of $1.68 billion for 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 business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.86 EPS. As a group, analysts predict that Texas Roadhouse, Inc. will post 6.63 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Texas Roadhouse’s payout ratio is presently 48.00%.

Wall Street Analyst Weigh In

TXRH has been the subject of several analyst reports. Wall Street Zen raised shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. TD Cowen boosted their price objective on shares of Texas Roadhouse from $205.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Citigroup upped their price objective on shares of Texas Roadhouse from $193.00 to $209.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Piper Sandler increased their target price on shares of Texas Roadhouse from $192.00 to $208.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Royal Bank Of Canada increased their target price on shares of Texas Roadhouse from $210.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Ten analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, Texas Roadhouse has a consensus rating of “Hold” and a consensus target price of $208.48.

Institutional Trading of Texas Roadhouse

Several large investors have recently bought and sold shares of the company. Elyxium Wealth LLC bought a new position in shares of Texas Roadhouse in the 4th quarter worth approximately $25,000. Basecamp Wealth Advisors LLC lifted its stake in shares of Texas Roadhouse by 5,033.3% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 151 shares during the period. Silvant Capital Management LLC bought a new stake in shares of Texas Roadhouse during the second quarter valued at approximately $32,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Texas Roadhouse during the third quarter valued at approximately $33,000. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in Texas Roadhouse in the fourth quarter worth $34,000. 94.82% of the stock is owned by institutional investors.

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.