Key Points
- Insider sale: Texas Roadhouse insider Christopher Colson sold 499 shares on May 26 at an average price of $179.22, totaling about $89,431. He now directly owns 14,500 shares after a 3.33% reduction in his stake.
- Strong recent earnings: The company reported quarterly EPS of $1.87, beating Wall Street estimates, while revenue rose 10.5% year over year to $1.63 billion. Texas Roadhouse also posted a solid return on equity of 27.86%.
- Dividend and analyst outlook: Texas Roadhouse declared a quarterly dividend of $0.75 per share, payable June 30, for an annualized yield of 1.7%. Analysts currently have a consensus Hold rating with an average price target of $196.36.
Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) insider Christopher Colson sold 499 shares of Texas Roadhouse stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $179.22, for a total transaction of $89,430.78. Following the transaction, the insider directly owned 14,500 shares of the company's stock, valued at $2,598,690. This represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Texas Roadhouse Trading Down 0.6%
Shares of TXRH stock opened at $180.35 on Friday. The company has a market capitalization of $11.85 billion, a P/E ratio of 28.81, a P/E/G ratio of 1.99 and a beta of 0.77. Texas Roadhouse, Inc. has a 12-month low of $153.82 and a 12-month high of $197.99. The firm has a 50-day moving average price of $167.83 and a 200 day moving average price of $173.60. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 0.03.
Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The restaurant operator reported $1.87 EPS for the quarter, topping analysts' consensus estimates of $1.80 by $0.07. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.Texas Roadhouse's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.70 EPS. Research analysts forecast that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current fiscal year.
Texas Roadhouse Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd will be given a dividend of $0.75 per share. The ex-dividend date is Tuesday, June 2nd. This represents a $3.00 dividend on an annualized basis and a yield of 1.7%. Texas Roadhouse's dividend payout ratio is 47.92%.
Analysts Set New Price Targets
TXRH has been the topic of a number of research analyst reports. Piper Sandler increased their price target on Texas Roadhouse from $190.00 to $192.00 and gave the stock a "neutral" rating in a research report on Monday, May 11th. Wells Fargo & Company dropped their target price on shares of Texas Roadhouse from $220.00 to $200.00 and set an "overweight" rating for the company in a research note on Thursday, April 16th. KeyCorp reaffirmed a "sector weight" rating on shares of Texas Roadhouse in a research note on Friday, February 20th. Morgan Stanley reaffirmed an "overweight" rating and issued a $201.00 target price on shares of Texas Roadhouse in a research note on Friday, May 8th. Finally, Wall Street Zen raised shares of Texas Roadhouse from a "sell" rating to a "hold" rating in a research note on Sunday, May 10th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $196.36.
View Our Latest Report on TXRH
Institutional Investors Weigh In On Texas Roadhouse
A number of institutional investors and hedge funds have recently modified their holdings of TXRH. Elyxium Wealth LLC bought a new stake in shares of Texas Roadhouse during the fourth quarter worth approximately $25,000. Princeton Global Asset Management LLC acquired a new position in shares of Texas Roadhouse in the 4th quarter valued at $31,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Texas Roadhouse in the 3rd quarter valued at $33,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of Texas Roadhouse in the 4th quarter valued at $34,000. Finally, TD Private Client Wealth LLC lifted its stake in shares of Texas Roadhouse by 137.5% in the 4th quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator's stock valued at $44,000 after purchasing an additional 154 shares during the period. 94.82% of the stock is owned by institutional investors.
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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