Key Points
- President Regina Tobin sold 4,450 shares of Texas Roadhouse on March 19 at an average price of $171, totaling about $760,950, cutting her stake by 24.41% to 13,778 shares (worth ~$2.36M).
- Texas Roadhouse reported quarterly EPS of $1.28 and revenue of $1.48B, missing analysts' estimates, while the company raised its quarterly dividend to $0.75 (up from $0.68), a $3.00 annualized payout with a 1.8% yield.
Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) President Regina Tobin sold 4,450 shares of Texas Roadhouse stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $171.00, for a total value of $760,950.00. Following the completion of the transaction, the president owned 13,778 shares in the company, valued at $2,356,038. The trade was a 24.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Texas Roadhouse Stock Down 0.4%
Shares of Texas Roadhouse stock opened at $170.89 on Friday. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $199.99. The firm has a market capitalization of $11.30 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 1.86 and a beta of 0.86. The stock's fifty day moving average is $182.00 and its 200-day moving average is $173.46.
Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share for the quarter, missing analysts' consensus estimates of $1.53 by ($0.25). The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a net margin of 6.90% and a return on equity of 27.88%. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.73 EPS. Analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.
Texas Roadhouse Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a $0.75 dividend. The ex-dividend date is Tuesday, March 17th. This is a positive change 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 dividend payout ratio is 49.26%.
Analyst Upgrades and Downgrades
TXRH has been the topic of a number of recent analyst reports. Morgan Stanley cut their price target on shares of Texas Roadhouse from $208.00 to $202.00 and set an "overweight" rating on the stock in a report on Monday, February 23rd. Benchmark reiterated a "hold" rating on shares of Texas Roadhouse in a research report on Monday, February 23rd. The Goldman Sachs Group boosted their target price on shares of Texas Roadhouse from $175.00 to $200.00 and gave the company a "neutral" rating in a research note on Wednesday, January 28th. Mizuho increased their target price on Texas Roadhouse from $190.00 to $200.00 and gave the company an "outperform" rating in a report on Thursday, February 12th. Finally, Wall Street Zen cut Texas Roadhouse from a "hold" rating to a "sell" rating in a research report on Saturday, March 7th. One investment 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 stock has an average rating of "Moderate Buy" and a consensus target price of $196.55.
View Our Latest Research Report on TXRH
Institutional Investors Weigh In On Texas Roadhouse
Several institutional investors have recently made changes to their positions in TXRH. Alliancebernstein L.P. grew its stake in shares of Texas Roadhouse by 528.2% in the 2nd quarter. Alliancebernstein L.P. now owns 3,172,738 shares of the restaurant operator's stock valued at $594,603,000 after buying an additional 2,667,716 shares in the last quarter. Capital World Investors raised its position in Texas Roadhouse by 580.2% during the third quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator's stock valued at $371,658,000 after acquiring an additional 1,908,033 shares in the last quarter. AQR Capital Management LLC raised its position in Texas Roadhouse by 85.7% during the second quarter. AQR Capital Management LLC now owns 2,343,000 shares of the restaurant operator's stock valued at $439,102,000 after acquiring an additional 1,081,413 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in Texas Roadhouse in the third quarter valued at approximately $157,310,000. Finally, Wellington Management Group LLP lifted its stake in Texas Roadhouse by 228.4% in the fourth quarter. Wellington Management Group LLP now owns 1,329,052 shares of the restaurant operator's stock valued at $220,623,000 after acquiring an additional 924,306 shares during 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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