Texas Roadhouse (NASDAQ:TXRH) Insider Sells 500 Shares

Texas Roadhouse, Inc. (NASDAQ:TXRHGet Free Report) insider Lloyd Paul Marshall sold 500 shares of Texas Roadhouse stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $204.65, for a total transaction of $102,325.00. Following the sale, the insider directly owned 9,826 shares of the company’s stock, valued at $2,010,890.90. This represents a 4.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Texas Roadhouse Trading Down 1.8%

NASDAQ:TXRH traded down $3.76 during midday trading on Thursday, hitting $200.12. The stock had a trading volume of 633,695 shares, compared to its average volume of 811,906. The stock has a 50-day moving average of $197.77 and a 200 day moving average of $180.63. The company has a market capitalization of $13.14 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 2.02 and a beta of 0.79. Texas Roadhouse, Inc. has a one year low of $153.82 and a one year high of $216.30. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.03.

Texas Roadhouse (NASDAQ:TXRHGet Free Report) last issued its earnings results 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. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the prior year, the business earned $1.86 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Texas Roadhouse, Inc. will post 6.63 EPS for the current year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 1st. Texas Roadhouse’s payout ratio is presently 48.00%.

Institutional Trading of Texas Roadhouse

A number of institutional investors have recently made changes to their positions in the business. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Texas Roadhouse during the 2nd quarter worth $850,000. California State Teachers Retirement System raised its stake in Texas Roadhouse by 19,889.7% in the second quarter. California State Teachers Retirement System now owns 15,417,049 shares of the restaurant operator’s stock valued at $2,979,036,000 after buying an additional 15,339,924 shares during the last quarter. Nilsine Partners LLC purchased a new stake in Texas Roadhouse in the second quarter valued at about $202,000. AXQ Capital LP boosted its holdings in Texas Roadhouse by 98.7% in the second quarter. AXQ Capital LP now owns 10,829 shares of the restaurant operator’s stock worth $2,092,000 after acquiring an additional 5,379 shares in the last quarter. Finally, Nykredit A S acquired a new stake in Texas Roadhouse in the second quarter worth about $466,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on TXRH. Mizuho raised their target price on shares of Texas Roadhouse from $190.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $235.00 price objective on shares of Texas Roadhouse in a report on Monday, August 3rd. BTIG Research upped their target price on Texas Roadhouse from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Royal Bank Of Canada increased their target price on Texas Roadhouse from $210.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Finally, BMO Capital Markets upped their price objective on Texas Roadhouse from $165.00 to $180.00 and gave the stock a “market perform” rating in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Texas Roadhouse currently has a consensus rating of “Moderate Buy” and a consensus target price of $208.48.

Read Our Latest Research Report on TXRH

About Texas Roadhouse

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Texas Roadhouse (NASDAQ:TXRH)

Receive News & Ratings for Texas Roadhouse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Roadhouse and related companies with MarketBeat.com's FREE daily email newsletter.