Key Points
- Insider sale: Texas Roadhouse insider Lloyd Paul Marshall sold 1,000 shares for about $178,340, reducing his position by 8.83%. After the sale, he still owned 10,326 shares worth roughly $1.84 million.
- Strong recent earnings: The company reported $1.87 EPS for the latest quarter, beating estimates of $1.80, while revenue rose 10.5% year over year to $1.63 billion. Texas Roadhouse also posted a solid 27.86% return on equity.
- Dividend and analyst backdrop: Texas Roadhouse declared a quarterly dividend of $0.75 per share, or $3.00 annually, for a 1.7% yield. Analysts remain mixed overall, with a consensus rating of Hold and an average price target of $195.09.
Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) insider Lloyd Paul Marshall sold 1,000 shares of the business's stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $178.34, for a total value of $178,340.00. Following the completion of the transaction, the insider directly owned 10,326 shares of the company's stock, valued at approximately $1,841,538.84. This trade represents a 8.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Texas Roadhouse Price Performance
Shares of NASDAQ:TXRH opened at $177.97 on Friday. Texas Roadhouse, Inc. has a fifty-two week low of $153.82 and a fifty-two week high of $199.99. The business has a 50-day simple moving average of $166.60 and a two-hundred day simple moving average of $172.77. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.45 and a current ratio of 0.46. The firm has a market cap of $11.70 billion, a price-to-earnings ratio of 28.43, a price-to-earnings-growth ratio of 1.94 and a beta of 0.77.
Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the firm earned $1.70 EPS. Texas Roadhouse's revenue was up 10.5% on a year-over-year basis. On average, analysts expect that Texas Roadhouse, Inc. will post 6.38 earnings per share for the current year.
Texas Roadhouse Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 2nd will be given a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $3.00 dividend on an annualized basis and a yield of 1.7%. Texas Roadhouse's payout ratio is 47.92%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on TXRH shares. Morgan Stanley restated an "overweight" rating and set a $201.00 price target on shares of Texas Roadhouse in a research note on Friday, May 8th. KeyCorp restated a "sector weight" rating on shares of Texas Roadhouse in a research note on Friday, February 20th. Stephens boosted their price target on Texas Roadhouse from $168.00 to $180.00 and gave the company an "equal weight" rating in a research note on Friday, February 20th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $200.00 price target on shares of Texas Roadhouse in a research note on Friday, May 8th. Finally, TD Cowen cut their price target on Texas Roadhouse from $215.00 to $192.00 and set a "buy" rating for the company in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $195.09.
Get Our Latest Analysis on TXRH
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC increased its holdings in Texas Roadhouse by 12.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,423 shares of the restaurant operator's stock worth $404,000 after acquiring an additional 259 shares in the last quarter. Focus Partners Wealth increased its holdings in Texas Roadhouse by 23.3% in the 1st quarter. Focus Partners Wealth now owns 6,124 shares of the restaurant operator's stock worth $1,020,000 after acquiring an additional 1,157 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Texas Roadhouse by 36.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator's stock worth $70,000 after acquiring an additional 111 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Texas Roadhouse in the 2nd quarter worth approximately $657,000. Finally, Marshall Wace LLP purchased a new stake in Texas Roadhouse in the 2nd quarter worth approximately $1,936,000. 94.82% of the stock is owned by hedge funds and other institutional investors.
Key Headlines Impacting Texas Roadhouse
Here are the key news stories impacting Texas Roadhouse this week:
- Positive Sentiment: RBC Capital and UBS both turned bullish on Texas Roadhouse, adding to a generally supportive analyst backdrop that can boost investor confidence in TXRH. Texas Roadhouse attracts a bull rating from RBC Capital Texas Roadhouse (TXRH) Gets a Buy from UBS
- Positive Sentiment: JPMorgan raised its price target on TXRH to $188 from $182, signaling expectations for additional upside from current levels. Texas Roadhouse had its price target raised by JPMorgan Chase & Co.
- Positive Sentiment: Texas Roadhouse’s latest earnings beat EPS estimates, and revenue grew 10.5% year over year, reinforcing the stock’s fundamental support after the company’s May 7 report. Texas Roadhouse stock and earnings details
- Neutral Sentiment: Analysts continue to view TXRH favorably overall, but the consensus rating remains “Hold,” which may limit how far the stock can run on news alone.
- Neutral Sentiment: The company also announced a quarterly dividend of $0.75 per share, which supports the investment case but is not likely the main driver of trading today.
- Negative Sentiment: Insiders sold shares this week, including director Gregory Moore and insider Lloyd Paul Marshall, which can create a slight headwind if investors read the activity as limited near-term enthusiasm. SEC filing for Lloyd Paul Marshall transaction
Texas Roadhouse Company Profile
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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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