Key Points
- Director Gregory Moore sold 1,700 shares on March 6 at an average price of $171.59 for a total of $291,703, as disclosed in an SEC filing.
- Texas Roadhouse missed quarterly expectations with EPS of $1.28 versus $1.53 expected and revenue of $1.48B versus $1.50B, while revenue was up 3.1% year‑over‑year and shares traded lower (opened $171.54).
- The company raised its quarterly dividend to $0.75 (from $0.68), with ex‑dividend date March 17 and payment on March 31, implying a $3.00 annualized payout and about a 1.7% yield.
Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) Director Donna Epps sold 850 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $172.45, for a total transaction of $146,582.50. Following the transaction, the director owned 4,892 shares in the company, valued at $843,625.40. The trade was a 14.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Texas Roadhouse Trading Down 2.0%
Shares of TXRH traded down $3.50 during mid-day trading on Friday, reaching $171.54. The company's stock had a trading volume of 1,064,649 shares, compared to its average volume of 1,079,760. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $199.99. The stock has a market cap of $11.35 billion, a PE ratio of 28.17, a P/E/G ratio of 1.90 and a beta of 0.86. The company's fifty day moving average price is $182.52 and its two-hundred day moving average price is $173.70.
Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its earnings results on Thursday, February 19th. The restaurant operator reported $1.28 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.25). The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.50 billion. Texas Roadhouse had a net margin of 6.90% and a return on equity of 27.88%. Texas Roadhouse's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.73 EPS. Research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.
Texas Roadhouse Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Tuesday, March 17th. Texas Roadhouse's payout ratio is 44.66%.
Wall Street Analyst Weigh In
TXRH has been the subject of a number of recent research reports. Royal Bank Of Canada lowered their target price on Texas Roadhouse from $185.00 to $175.00 and set a "sector perform" rating for the company in a research note on Friday, November 7th. Wells Fargo & Company raised their price target on Texas Roadhouse from $195.00 to $220.00 and gave the stock an "overweight" rating in a research report on Thursday, January 22nd. Morgan Stanley decreased their price target on Texas Roadhouse from $208.00 to $202.00 and set an "overweight" rating on the stock in a research note on Monday, February 23rd. Mizuho boosted their price objective on Texas Roadhouse from $190.00 to $200.00 and gave the company an "outperform" rating in a research report on Thursday, February 12th. Finally, BMO Capital Markets reissued a "market perform" rating and set a $165.00 price objective on shares of Texas Roadhouse in a research note on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $196.55.
Check Out Our Latest Research Report on TXRH
Institutional Trading of Texas Roadhouse
A number of institutional investors have recently modified their holdings of TXRH. Caldwell Trust Co bought a new stake in shares of Texas Roadhouse in the second quarter worth about $28,000. Elyxium Wealth LLC bought a new position in Texas Roadhouse during the 4th quarter valued at approximately $25,000. Princeton Global Asset Management LLC bought a new position in Texas Roadhouse during the 4th quarter valued at approximately $31,000. Measured Wealth Private Client Group LLC purchased a new stake in Texas Roadhouse in the 3rd quarter worth approximately $33,000. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in Texas Roadhouse in the 4th quarter worth approximately $34,000. 94.82% of the stock is currently owned by hedge funds and other institutional investors.
Texas Roadhouse Company Profile
(
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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