Key Points
- Texas Roadhouse General Counsel Sean Renfroe sold 426 shares on July 2 at an average price of $192.53, totaling about $82,018. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and he still held 860 shares afterward.
- The company recently beat earnings expectations, reporting $1.87 EPS versus the $1.80 consensus, while revenue came in at $1.63 billion. Quarterly revenue rose 10.5% year over year, and analysts expect full-year EPS of 6.42.
- Texas Roadhouse also paid a quarterly dividend of $0.75 per share, equal to an annualized yield of 1.6%. Meanwhile, analysts remain mixed, with a consensus rating of Hold and an average price target of $196.36.
Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) General Counsel Sean Renfroe sold 426 shares of Texas Roadhouse stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $192.53, for a total transaction of $82,017.78. Following the completion of the sale, the general counsel owned 860 shares of the company's stock, valued at $165,575.80. This trade represents a 33.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Texas Roadhouse Stock Performance
Shares of NASDAQ:TXRH opened at $187.14 on Tuesday. The company's 50 day moving average price is $175.32 and its two-hundred day moving average price is $175.34. Texas Roadhouse, Inc. has a 12-month low of $153.82 and a 12-month high of $197.00. The firm has a market cap of $12.30 billion, a PE ratio of 29.76, a PEG ratio of 2.12 and a beta of 0.78. 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 earnings per share for the quarter, beating analysts' consensus estimates of $1.80 by $0.07. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The firm's quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.70 earnings per share. Equities research analysts predict that Texas Roadhouse, Inc. will post 6.42 earnings per share for the current year.
Texas Roadhouse Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 2nd were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, June 2nd. Texas Roadhouse's dividend payout ratio (DPR) is 47.92%.
Analysts Set New Price Targets
TXRH has been the topic of several analyst reports. Citigroup reduced their target price on Texas Roadhouse from $176.00 to $174.00 and set a "neutral" rating on the stock in a report on Friday, May 8th. Guggenheim reaffirmed a "buy" rating and issued a $210.00 price target on shares of Texas Roadhouse in a research note on Monday, May 18th. BMO Capital Markets increased their price objective on shares of Texas Roadhouse from $165.00 to $180.00 and gave the stock a "market perform" rating in a research note on Thursday, May 21st. Piper Sandler raised their target price on shares of Texas Roadhouse from $190.00 to $192.00 and gave the company a "neutral" rating in a report on Monday, May 11th. Finally, Morgan Stanley restated an "overweight" rating and issued a $201.00 target price on shares of Texas Roadhouse in a research report on Friday, May 8th. One investment 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 company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $196.36.
Read Our Latest Report on TXRH
Institutional Trading of Texas Roadhouse
Several large investors have recently bought and sold shares of the business. Oak Thistle LLC acquired a new position in Texas Roadhouse during the fourth quarter worth about $1,553,000. Capital World Investors boosted its stake in shares of Texas Roadhouse by 580.2% in the 3rd quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator's stock valued at $371,658,000 after purchasing an additional 1,908,033 shares in the last quarter. Stephens Investment Management Group LLC grew its holdings in shares of Texas Roadhouse by 98.2% during the 4th quarter. Stephens Investment Management Group LLC now owns 370,225 shares of the restaurant operator's stock valued at $61,457,000 after purchasing an additional 183,422 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Texas Roadhouse during the 4th quarter valued at approximately $977,000. Finally, Cinctive Capital Management LP acquired a new position in Texas Roadhouse during the 3rd quarter worth approximately $18,915,000. 94.82% of the stock is 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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