Key Points
- Texas Roadhouse director Jane Grote Abell sold 339 shares on May 18 at an average price of $177.43, reducing her stake by 13.56% and bringing the transaction value to about $60,149.
- The company recently reported better-than-expected quarterly earnings, posting $1.87 EPS versus the $1.80 consensus, 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 annualizes to $3.00 per share and yields about 1.7%.
Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) Director Jane Grote Abell sold 339 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $177.43, for a total value of $60,148.77. Following the transaction, the director owned 2,161 shares of the company's stock, valued at approximately $383,426.23. This trade represents a 13.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Texas Roadhouse Price Performance
TXRH stock opened at $173.82 on Wednesday. The stock has a 50-day moving average price of $166.69 and a two-hundred day moving average price of $172.81. The stock has a market cap of $11.43 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 1.94 and a beta of 0.77. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 0.03. Texas Roadhouse, Inc. has a 1 year low of $153.82 and a 1 year high of $199.99.
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, topping analysts' consensus estimates of $1.80 by $0.07. The firm had revenue of $1.63 billion during the quarter, compared to analysts' expectations of $1.64 billion. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The company's revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 EPS. Equities analysts forecast that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.
Texas Roadhouse Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 2nd will be issued a $0.75 dividend. The ex-dividend date is Tuesday, June 2nd. This represents a $3.00 annualized dividend and a dividend yield of 1.7%. Texas Roadhouse's dividend payout ratio (DPR) is presently 47.92%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. Stifel Nicolaus raised their price objective on Texas Roadhouse from $170.00 to $180.00 and gave the company a "hold" rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. raised their price objective on Texas Roadhouse from $182.00 to $188.00 and gave the company a "neutral" rating in a report on Thursday, May 14th. Barclays decreased their price objective on Texas Roadhouse from $188.00 to $175.00 and set an "equal weight" rating for the company in a report on Friday, May 8th. Truist Financial decreased their price objective on Texas Roadhouse from $188.00 to $186.00 and set a "hold" rating for the company in a report on Friday, February 20th. Finally, Mizuho raised their price objective on Texas Roadhouse from $190.00 to $200.00 and gave the company an "outperform" rating in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat.com, Texas Roadhouse has an average rating of "Hold" and an average price target of $195.09.
View Our Latest Stock Analysis on Texas Roadhouse
Institutional Investors Weigh In On Texas Roadhouse
Several hedge funds have recently bought and sold shares of the stock. Western Wealth Management LLC acquired a new stake in Texas Roadhouse during the first quarter worth approximately $47,000. Bank of America Corp DE lifted its position in Texas Roadhouse by 4.4% during the first quarter. Bank of America Corp DE now owns 452,038 shares of the restaurant operator's stock worth $74,650,000 after acquiring an additional 19,092 shares during the last quarter. Bull Harbor Capital LLC acquired a new stake in Texas Roadhouse during the first quarter worth approximately $1,277,000. Amundi lifted its position in Texas Roadhouse by 106.7% during the first quarter. Amundi now owns 44,408 shares of the restaurant operator's stock worth $7,334,000 after acquiring an additional 22,924 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Texas Roadhouse by 86.5% during the first quarter. EverSource Wealth Advisors LLC now owns 2,631 shares of the restaurant operator's stock worth $435,000 after acquiring an additional 1,220 shares during the last quarter. 94.82% of the stock is currently 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.
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