Key Points
- Director Gregory Moore sold 3,000 Texas Roadhouse shares at an average price of $208.32, generating $624,960 and reducing his holdings by 10.03% to 26,900 shares.
- Texas Roadhouse exceeded quarterly expectations, reporting $1.85 in EPS versus $1.83 estimated and $1.68 billion in revenue, up 11.1% year over year. The company also declared a quarterly dividend of $0.75 per share, equivalent to a 1.4% yield.
- Analyst sentiment is mixed, with 10 Buy ratings and 13 Holds; the stock has an average target price of $208.48. Institutional investors own a substantial 94.82% of outstanding shares.
Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) Director Gregory Moore sold 3,000 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $208.32, for a total transaction of $624,960.00. Following the transaction, the director owned 26,900 shares of the company's stock, valued at approximately $5,603,808. This represents a 10.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Texas Roadhouse Price Performance
NASDAQ:TXRH opened at $207.01 on Friday. Texas Roadhouse, Inc. has a 52-week low of $153.82 and a 52-week high of $216.30. The company has a market cap of $13.61 billion, a P/E ratio of 33.12, a P/E/G ratio of 2.12 and a beta of 0.79. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.40 and a current ratio of 0.46. The stock's 50-day simple moving average is $190.83 and its 200 day simple moving average is $179.29.
Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 EPS for the quarter, beating the consensus estimate of $1.83 by $0.02. The firm had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.67 billion. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The business's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.86 earnings per share. As a group, sell-side analysts forecast that Texas Roadhouse, Inc. will post 6.63 EPS for the current fiscal year.
Texas Roadhouse Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Texas Roadhouse's dividend payout ratio is presently 48.00%.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on TXRH. Royal Bank Of Canada boosted their target price on shares of Texas Roadhouse from $210.00 to $235.00 and gave the stock an "outperform" rating in a report on Friday, August 7th. BTIG Research increased their price target on shares of Texas Roadhouse from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Barclays decreased their price objective on shares of Texas Roadhouse from $188.00 to $175.00 and set an "equal weight" rating for the company in a research report on Friday, May 8th. BMO Capital Markets boosted 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. Finally, Citigroup upped their target price on shares of Texas Roadhouse from $193.00 to $209.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Ten equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $208.48.
Get Our Latest Stock Report on TXRH
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Texas Roadhouse in the 2nd quarter valued at $1,273,173,000. AQR Capital Management LLC boosted its position in Texas Roadhouse by 27.4% during the fourth quarter. AQR Capital Management LLC now owns 2,674,102 shares of the restaurant operator's stock worth $443,901,000 after purchasing an additional 575,685 shares during the period. Capital World Investors boosted its position in Texas Roadhouse by 13.4% during the fourth quarter. Capital World Investors now owns 2,537,290 shares of the restaurant operator's stock worth $421,190,000 after purchasing an additional 300,405 shares during the period. UBS Group AG increased its holdings in shares of Texas Roadhouse by 60.4% in the fourth quarter. UBS Group AG now owns 1,387,454 shares of the restaurant operator's stock valued at $230,317,000 after purchasing an additional 522,509 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Texas Roadhouse by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 1,367,120 shares of the restaurant operator's stock valued at $226,984,000 after purchasing an additional 24,834 shares during the last quarter. 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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