Key Points
- Gerald Morgan sold 5,000 shares of Texas Roadhouse on Jan. 12 at an average price of $187.13 for $935,650, trimming his stake by 4.91% to 96,774 shares valued at about $18.11 million (SEC filing disclosed).
- The company reported Q3 quarterly results of $1.25 EPS (missing estimates by $0.03) and $1.44 billion in revenue (up 12.8% year-over-year), and recently paid a $0.68 quarterly dividend (annualized $2.72, yield ~1.4%).
- Analysts carry a consensus "Moderate Buy" with a $194 price target; TXRH trades near $189 with a $12.51 billion market cap and a P/E of 28.91, in a 12‑month range of $148.73–$199.99.
Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) CEO Gerald Morgan sold 5,000 shares of Texas Roadhouse stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $187.13, for a total transaction of $935,650.00. Following the completion of the sale, the chief executive officer owned 96,774 shares of the company's stock, valued at $18,109,318.62. This trade represents a 4.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Texas Roadhouse Stock Down 0.3%
TXRH stock opened at $189.09 on Thursday. The firm has a 50 day moving average of $171.27 and a two-hundred day moving average of $173.45. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $199.99. The company has a market capitalization of $12.51 billion, a price-to-earnings ratio of 28.91, a P/E/G ratio of 2.97 and a beta of 0.89.
Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share 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 business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the business posted $1.26 EPS. The firm's revenue for the quarter was up 12.8% compared to the same quarter last year. On average, research analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.
Texas Roadhouse Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd were given a $0.68 dividend. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.4%. Texas Roadhouse's payout ratio is currently 41.59%.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on TXRH. Truist Financial lifted their price target on shares of Texas Roadhouse from $195.00 to $206.00 and gave the company a "buy" rating in a research report on Thursday, January 8th. Weiss Ratings reissued a "buy (b-)" rating on shares of Texas Roadhouse in a research report on Monday, December 29th. Royal Bank Of Canada lowered their price target on Texas Roadhouse from $185.00 to $175.00 and set a "sector perform" rating on the stock in a research report on Friday, November 7th. Mizuho raised Texas Roadhouse to a "strong-buy" rating in a research report on Tuesday, October 28th. Finally, UBS Group reaffirmed a "buy" rating on shares of Texas Roadhouse in a report on Monday, November 10th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $194.00.
View Our Latest Stock Report on Texas Roadhouse
Hedge Funds Weigh In On Texas Roadhouse
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caldwell Trust Co acquired a new position in Texas Roadhouse in the 2nd quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Texas Roadhouse in the third quarter valued at $33,000. Root Financial Partners LLC bought a new position in Texas Roadhouse in the third quarter worth $36,000. Salomon & Ludwin LLC boosted its stake in Texas Roadhouse by 37.2% during the third quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator's stock worth $50,000 after buying an additional 81 shares in the last quarter. Finally, LRI Investments LLC raised its stake in shares of Texas Roadhouse by 100.0% in the 3rd quarter. LRI Investments LLC now owns 300 shares of the restaurant operator's stock valued at $50,000 after buying an additional 150 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors.
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.
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