Texas Roadhouse, Inc. (NASDAQ:TXRH – Get Free Report) General Counsel Sean Renfroe sold 426 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $192.53, for a total transaction of $82,017.78. Following the completion of the sale, the general counsel directly owned 860 shares of the company’s stock, valued at $165,575.80. This trade represents a 33.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Texas Roadhouse Stock Performance
TXRH stock opened at $181.68 on Thursday. The firm has a 50 day simple moving average of $176.34 and a 200 day simple moving average of $175.50. Texas Roadhouse, Inc. has a 52 week low of $153.82 and a 52 week high of $197.00. The stock has a market cap of $11.94 billion, a P/E ratio of 29.02, a P/E/G ratio of 2.04 and a beta of 0.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.40 and a current ratio of 0.46.
Texas Roadhouse (NASDAQ:TXRH – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.07. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the business earned $1.70 EPS. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. Research analysts anticipate that Texas Roadhouse, Inc. will post 6.42 earnings per share for the current fiscal year.
Texas Roadhouse Dividend Announcement
Hedge Funds Weigh In On Texas Roadhouse
Hedge funds have recently modified their holdings of the stock. Elyxium Wealth LLC bought a new stake in Texas Roadhouse in the fourth quarter valued at $25,000. Basecamp Wealth Advisors LLC grew its holdings 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 worth $25,000 after purchasing an additional 151 shares during the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of Texas Roadhouse in the 4th quarter worth about $31,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Texas Roadhouse during the 3rd quarter worth about $33,000. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in shares of Texas Roadhouse during the 4th quarter worth about $34,000. 94.82% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have issued reports on TXRH. Royal Bank Of Canada upgraded shares of Texas Roadhouse from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $180.00 to $210.00 in a research note on Friday, May 15th. Barclays decreased 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 report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $200.00 target price on shares of Texas Roadhouse in a report on Friday, May 8th. Wells Fargo & Company cut their target price on shares of Texas Roadhouse from $220.00 to $200.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Finally, Piper Sandler boosted their price objective on Texas Roadhouse from $190.00 to $192.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $196.36.
View Our Latest Analysis on TXRH
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.
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