Key Points
- Director Hugh Carroll sold 988 shares of Texas Roadhouse on March 16 at an average price of $170.96, a transaction that reduced his ownership by 53.29% and left him with 866 shares (~$148,051).
- Texas Roadhouse missed quarterly estimates, reporting $1.28 EPS vs. a $1.53 consensus and $1.48B in revenue vs. a $1.50B estimate, though revenue was up 3.1% year‑over‑year.
- Dividend increased to $0.75 quarterly (from $0.68), payable March 31 with an ex‑dividend date of March 17, implying a $3.00 annualized payout and roughly a 1.8% yield.
Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) Director Hugh Carroll sold 988 shares of Texas Roadhouse stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $170.96, for a total value of $168,908.48. Following the sale, the director directly owned 866 shares in the company, valued at approximately $148,051.36. This trade represents a 53.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Texas Roadhouse Stock Down 1.4%
Texas Roadhouse stock opened at $168.60 on Thursday. The business has a 50 day moving average price of $182.43 and a two-hundred day moving average price of $173.49. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $199.99. The stock has a market cap of $11.15 billion, a price-to-earnings ratio of 27.68, a price-to-earnings-growth ratio of 1.85 and a beta of 0.86.
Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.25). The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a return on equity of 27.88% and a net margin of 6.90%.Texas Roadhouse'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 posted $1.73 EPS. On average, analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.
Texas Roadhouse Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a dividend of $0.75 per share. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.68. This represents a $3.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Tuesday, March 17th. Texas Roadhouse's dividend payout ratio is presently 49.26%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the stock. Citigroup dropped their price objective on shares of Texas Roadhouse from $190.00 to $184.00 and set a "neutral" rating for the company in a research note on Friday, February 20th. BMO Capital Markets reissued a "market perform" rating and issued a $165.00 target price on shares of Texas Roadhouse in a research note on Friday, February 20th. Weiss Ratings reissued a "buy (b-)" rating on shares of Texas Roadhouse in a research report on Monday, December 29th. KeyCorp reiterated a "sector weight" rating on shares of Texas Roadhouse in a research note on Friday, February 20th. Finally, Benchmark reissued a "hold" rating on shares of Texas Roadhouse in a report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $196.55.
View Our Latest Analysis on Texas Roadhouse
Institutional Investors Weigh In On Texas Roadhouse
Hedge funds and other institutional investors have recently bought and sold shares of the business. Elyxium Wealth LLC acquired a new position in Texas Roadhouse in the fourth quarter worth $25,000. Caldwell Trust Co acquired a new position in Texas Roadhouse during the 2nd quarter worth about $28,000. Princeton Global Asset Management LLC bought a new stake in Texas Roadhouse during the 4th quarter worth about $31,000. Measured Wealth Private Client Group LLC bought a new stake in Texas Roadhouse during the 3rd quarter worth about $33,000. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in Texas Roadhouse in the 4th quarter valued at about $34,000. 94.82% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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