Texas Roadhouse, Inc. (NASDAQ:TXRH – Get 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:TXRH – Get 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
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
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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