Texas Roadhouse, Inc. (NASDAQ:TXRH – Get Free Report) Director Gregory Moore sold 1,250 shares of the business’s stock in a transaction that occurred 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 transaction, the director owned 30,900 shares of the company’s stock, 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 accessible through the SEC website.
Texas Roadhouse Price Performance
Shares of NASDAQ:TXRH traded down $4.27 during midday trading on Wednesday, hitting $179.30. The stock had a trading volume of 1,423,652 shares, compared to its average volume of 1,293,197. The company’s 50-day moving average price is $166.70 and its 200-day moving average price is $172.72. The company has a market capitalization 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. The company has a quick ratio of 0.45, a current ratio of 0.46 and a debt-to-equity ratio of 0.03. Texas Roadhouse, Inc. has a fifty-two week low of $153.82 and a fifty-two week high of $199.99.
Texas Roadhouse (NASDAQ:TXRH – Get Free Report) last issued 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. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.70 EPS. As a group, equities research analysts predict that Texas Roadhouse, Inc. will post 6.38 EPS for the current fiscal year.
Texas Roadhouse Announces Dividend
Hedge Funds Weigh In On Texas Roadhouse
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC increased its position in shares of Texas Roadhouse by 12.0% during the first quarter. NewEdge Advisors LLC now owns 2,423 shares of the restaurant operator’s stock worth $404,000 after buying an additional 259 shares during the period. Focus Partners Wealth increased its position in shares of Texas Roadhouse by 23.3% during the first quarter. Focus Partners Wealth now owns 6,124 shares of the restaurant operator’s stock worth $1,020,000 after buying an additional 1,157 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Texas Roadhouse by 36.0% during the first quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock worth $70,000 after buying an additional 111 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Texas Roadhouse during the second quarter worth $657,000. Finally, Marshall Wace LLP acquired a new stake in shares of Texas Roadhouse during the second quarter worth $1,936,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages recently commented on TXRH. Mizuho increased their price objective on shares of Texas Roadhouse from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Morgan Stanley reissued an “overweight” rating and issued a $201.00 price objective on shares of Texas Roadhouse in a research note on Friday, May 8th. KeyCorp reissued a “sector weight” rating on shares of Texas Roadhouse in a research note on Friday, February 20th. Stifel Nicolaus increased their price objective on shares of Texas Roadhouse from $170.00 to $180.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, Barclays dropped their price objective on shares of Texas Roadhouse from $188.00 to $175.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, Texas Roadhouse presently has a consensus rating of “Hold” and an average target price of $193.45.
Check Out Our Latest Report on Texas Roadhouse
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.
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