Key Points
- CEO Gerald Morgan sold 5,000 shares of Texas Roadhouse on Jan. 20 at an average price of $196 (≈$980,000), trimming his holding by 5.17% to 91,774 shares; the transaction was reported in an SEC Form 4.
- Texas Roadhouse posted quarterly EPS of $1.25 (missing estimates by $0.03) and revenue of $1.44B (up 12.8% YoY); the company has a $12.65B market cap, P/E of 29.24, a 52‑week range of $148.73–$199.99, and pays a $0.68 quarterly dividend (≈1.4% yield).
- Analyst coverage is mixed but averages a "Moderate Buy" with a $196.33 target, while institutional investors hold about 94.82% of the stock.
Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) CEO Gerald Morgan sold 5,000 shares of the stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $196.00, for a total value of $980,000.00. Following the transaction, the chief executive officer directly owned 91,774 shares in the company, valued at approximately $17,987,704. This represents a 5.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Texas Roadhouse Stock Down 0.1%
Shares of NASDAQ:TXRH opened at $191.25 on Friday. The company has a market cap of $12.65 billion, a P/E ratio of 29.24, a P/E/G ratio of 3.00 and a beta of 0.89. The business has a fifty day simple moving average of $174.73 and a 200-day simple moving average of $173.74. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $199.99.
Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its earnings results on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.03). The business had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.43 billion. Texas Roadhouse had a return on equity of 30.59% and a net margin of 7.49%.The business's quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.26 earnings per share. Sell-side analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.
Texas Roadhouse Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors 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 annualized dividend and a dividend yield of 1.4%. Texas Roadhouse's dividend payout ratio (DPR) is currently 41.59%.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on TXRH. Mizuho raised shares of Texas Roadhouse to a "strong-buy" rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. cut their target price on Texas Roadhouse from $200.00 to $182.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 7th. The Goldman Sachs Group reduced their target price on Texas Roadhouse from $200.00 to $180.00 and set a "neutral" rating on the stock in a report on Wednesday, October 1st. Wall Street Zen lowered Texas Roadhouse from a "hold" rating to a "sell" rating in a research note on Saturday, January 3rd. Finally, Truist Financial raised their price objective on Texas Roadhouse from $195.00 to $206.00 and gave the stock a "buy" rating in a report on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, Texas Roadhouse presently has an average rating of "Moderate Buy" and an average target price of $196.33.
Read Our Latest Analysis on Texas Roadhouse
Institutional Trading of Texas Roadhouse
Several large investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. lifted its stake in shares of Texas Roadhouse by 14.7% during the third quarter. Alliancebernstein L.P. now owns 3,638,914 shares of the restaurant operator's stock worth $604,606,000 after purchasing an additional 466,176 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Texas Roadhouse by 17.2% during the 2nd quarter. Invesco Ltd. now owns 2,603,729 shares of the restaurant operator's stock valued at $487,965,000 after buying an additional 382,699 shares during the period. AQR Capital Management LLC lifted its position in Texas Roadhouse by 85.7% during the 2nd quarter. AQR Capital Management LLC now owns 2,343,000 shares of the restaurant operator's stock worth $439,102,000 after acquiring an additional 1,081,413 shares in the last quarter. Capital World Investors boosted its holdings in Texas Roadhouse by 580.2% in the 3rd quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator's stock worth $371,658,000 after acquiring an additional 1,908,033 shares during the period. Finally, Geode Capital Management LLC grew its position in Texas Roadhouse by 1.5% in the second quarter. Geode Capital Management LLC now owns 1,302,021 shares of the restaurant operator's stock valued at $244,048,000 after acquiring an additional 19,296 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.
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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