Key Points
- Texas Roadhouse director Hugh Carroll sold 1,000 shares on Dec. 4 at an average price of $167.27 for $167,270, reducing his ownership by 35.04% to 1,854 shares; the trade was disclosed in an SEC Form 4.
- In the most recent quarter the company reported EPS of $1.25 (missing estimates by $0.03) while revenue rose 12.8% year‑over‑year to $1.44 billion, with a net margin of 7.49% and ROE of 30.59%.
- The board declared a quarterly dividend of $0.68 per share (annualized $2.72, yield ~1.6%), and the stock faces heavy institutional ownership (94.82%) with a consensus "Moderate Buy" and average analyst price target of $192.95.
Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) Director Hugh Carroll sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $167.27, for a total value of $167,270.00. Following the completion of the sale, the director owned 1,854 shares in the company, valued at $310,118.58. The trade was a 35.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Texas Roadhouse Stock Performance
Texas Roadhouse stock opened at $166.27 on Friday. The firm has a market cap of $11.00 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 2.72 and a beta of 0.88. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $199.99. The firm has a 50 day moving average price of $169.33 and a two-hundred day moving average price of $177.14.
Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 EPS for the quarter, missing analysts' consensus estimates of $1.28 by ($0.03). Texas Roadhouse had a net margin of 7.49% and a return on equity of 30.59%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the company posted $1.26 earnings per share. The company's revenue for the quarter was up 12.8% compared to the same quarter last year. As a group, equities research analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.
Texas Roadhouse Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, December 2nd. Texas Roadhouse's dividend payout ratio (DPR) is presently 41.59%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its stake in shares of Texas Roadhouse by 14.7% during the 3rd quarter. Alliancebernstein L.P. now owns 3,638,914 shares of the restaurant operator's stock valued at $604,606,000 after purchasing an additional 466,176 shares in the last quarter. Invesco Ltd. raised its stake in Texas Roadhouse by 17.2% in the second quarter. Invesco Ltd. now owns 2,603,729 shares of the restaurant operator's stock worth $487,965,000 after buying an additional 382,699 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Texas Roadhouse by 85.7% in the second quarter. AQR Capital Management LLC now owns 2,343,000 shares of the restaurant operator's stock worth $439,102,000 after buying an additional 1,081,413 shares during the period. Capital World Investors boosted its position in Texas Roadhouse by 580.2% during the 3rd quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator's stock valued at $371,658,000 after acquiring an additional 1,908,033 shares in the last quarter. Finally, Axiom Investors LLC DE boosted its position in Texas Roadhouse by 3,696.7% during the 1st quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator's stock valued at $362,221,000 after acquiring an additional 2,116,552 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
TXRH has been the subject of several research analyst reports. Barclays lowered their price objective on Texas Roadhouse from $187.00 to $170.00 and set an "equal weight" rating for the company in a research report on Friday, November 7th. JPMorgan Chase & Co. decreased their target price on Texas Roadhouse from $200.00 to $182.00 and set a "neutral" rating for the company in a research note on Tuesday, October 7th. Wall Street Zen lowered Texas Roadhouse from a "hold" rating to a "sell" rating in a research note on Saturday, November 15th. Royal Bank Of Canada cut their price target on Texas Roadhouse from $185.00 to $175.00 and set a "sector perform" rating on the stock in a report on Friday, November 7th. Finally, Mizuho raised shares of Texas Roadhouse to a "strong-buy" rating in a research report on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $192.95.
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Texas Roadhouse Company Profile
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Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.
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