Key Points
- Texas Roadhouse director Curtis Warfield sold 2,640 shares on May 11 at an average price of $183.05, totaling about $483,252. After the sale, he still owned 5,361 shares worth roughly $981,331.
- The company reported better-than-expected quarterly earnings of $1.87 per share, beating estimates by $0.07, while revenue rose 10.5% year over year to $1.63 billion.
- Texas Roadhouse also announced a quarterly dividend of $0.75 per share, payable June 30, which works out to an annualized dividend of $3.00 and a yield of about 1.7%.
Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) Director Gregory Moore sold 1,250 shares of the company's stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $178.14, for a total value of $222,675.00. Following the sale, the director directly owned 30,900 shares of the company's stock, valued at approximately $5,504,526. This represents a 3.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Texas Roadhouse Stock Down 2.3%
Texas Roadhouse stock opened at $179.30 on Thursday. The stock has a 50 day moving average of $166.70 and a two-hundred day moving average of $172.72. Texas Roadhouse, Inc. has a twelve month low of $153.82 and a twelve month high of $199.99. The stock has a market capitalization of $11.82 billion, a price-to-earnings ratio of 28.64, a PEG ratio of 2.02 and a beta of 0.77. The company has a current ratio of 0.46, a quick ratio of 0.45 and a debt-to-equity ratio of 0.03.
Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.80 by $0.07. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the company posted $1.70 earnings per share. The company's revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, research analysts expect that Texas Roadhouse, Inc. will post 6.38 earnings per share for the current year.
Texas Roadhouse Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 2nd will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, June 2nd. Texas Roadhouse's payout ratio is currently 47.92%.
Hedge Funds Weigh In On Texas Roadhouse
Institutional investors and hedge funds have recently made changes to their positions in the stock. Oak Thistle LLC purchased a new position in Texas Roadhouse in the 4th quarter valued at about $1,553,000. Capital World Investors grew its holdings in shares of Texas Roadhouse by 580.2% during the third quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator's stock worth $371,658,000 after buying an additional 1,908,033 shares in the last quarter. Caprock Group LLC acquired a new position in shares of Texas Roadhouse in the third quarter valued at approximately $1,070,000. Bfsg LLC lifted its stake in shares of Texas Roadhouse by 111.1% during the third quarter. Bfsg LLC now owns 29,798 shares of the restaurant operator's stock valued at $4,951,000 after buying an additional 15,682 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its position in Texas Roadhouse by 101.0% during the third quarter. Sequoia Financial Advisors LLC now owns 5,377 shares of the restaurant operator's stock worth $893,000 after acquiring an additional 2,702 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
TXRH has been the subject of several recent analyst reports. Truist Financial reduced their target price on shares of Texas Roadhouse from $188.00 to $186.00 and set a "hold" rating for the company in a research note on Friday, February 20th. Mizuho increased their price target on shares of Texas Roadhouse from $190.00 to $200.00 and gave the stock an "outperform" rating in a report on Thursday, February 12th. TD Cowen reduced their price objective on shares of Texas Roadhouse from $215.00 to $192.00 and set a "buy" rating for the company in a research report on Friday, May 8th. Wells Fargo & Company lowered their price objective on Texas Roadhouse from $220.00 to $200.00 and set an "overweight" rating on the stock in a report on Thursday, April 16th. Finally, The Goldman Sachs Group boosted their target price on Texas Roadhouse from $175.00 to $200.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat.com, Texas Roadhouse has an average rating of "Hold" and a consensus price target of $193.45.
Check Out Our Latest Report on TXRH
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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