Key Points
- CTO insider sale: Texas Roadhouse CTO Hernan Mujica sold 5,000 shares on March 13 at an average price of $170 for $850,000, leaving him with 15,552 shares—a 24.33% reduction in his position.
- Quarterly miss and stock snapshot: The company reported $1.28 EPS vs. $1.53 expected and $1.48B revenue vs. $1.50B expected; TXRH has a market cap of ~$11.26B and a 52-week range of $148.73–$199.99.
- Dividend increase: Texas Roadhouse raised its quarterly dividend to $0.75 (annualized $3.00) with an ex-dividend date of March 17 and a yield of about 1.8%.
Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) CTO Hernan Mujica sold 5,000 shares of the firm's stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $170.00, for a total value of $850,000.00. Following the completion of the sale, the chief technology officer directly owned 15,552 shares of the company's stock, valued at approximately $2,643,840. This represents a 24.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.
Texas Roadhouse Stock Performance
Shares of TXRH stock opened at $170.24 on Friday. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $199.99. The firm has a market capitalization of $11.26 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 1.84 and a beta of 0.86. The stock's 50-day simple moving average is $182.87 and its 200-day simple moving average is $173.56.
Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.50 billion. Texas Roadhouse had a net margin of 6.90% and a return on equity of 27.88%. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.73 earnings per share. As a group, equities analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share 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. The ex-dividend date is Tuesday, March 17th. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.68. This represents a $3.00 annualized dividend and a dividend yield of 1.8%. Texas Roadhouse's payout ratio is presently 44.66%.
Wall Street Analyst Weigh In
Several research firms recently issued reports on TXRH. Wall Street Zen downgraded Texas Roadhouse from a "hold" rating to a "sell" rating in a research report on Saturday, March 7th. Wells Fargo & Company lifted 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. BMO Capital Markets reiterated a "market perform" rating and set a $165.00 price target on shares of Texas Roadhouse in a research note on Friday, February 20th. Barclays set a $188.00 price objective on Texas Roadhouse in a report on Friday, February 20th. Finally, BTIG Research restated a "buy" rating and issued a $200.00 price objective on shares of Texas Roadhouse in a research note on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $196.55.
Read Our Latest Research Report on TXRH
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the business. Alliancebernstein L.P. lifted its position in Texas Roadhouse by 528.2% during the second quarter. Alliancebernstein L.P. now owns 3,172,738 shares of the restaurant operator's stock valued at $594,603,000 after purchasing an additional 2,667,716 shares during the period. Capital World Investors grew 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 worth $371,658,000 after purchasing an additional 1,908,033 shares during the period. AQR Capital Management LLC grew 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 purchasing an additional 1,081,413 shares during the period. Balyasny Asset Management L.P. purchased a new position in shares of Texas Roadhouse during the 3rd quarter valued at about $157,310,000. Finally, Wellington Management Group LLP raised its stake in shares of Texas Roadhouse by 228.4% during the 4th quarter. Wellington Management Group LLP now owns 1,329,052 shares of the restaurant operator's stock valued at $220,623,000 after buying an additional 924,306 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.
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.
Further Reading
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