Key Points
- Director Donna Epps sold 820 Texas Roadhouse shares at an average price of $206.56, for total proceeds of $169,379.20. Her remaining stake declined 16.87% to 4,042 shares.
- Texas Roadhouse reported quarterly revenue of $1.68 billion and adjusted earnings of $1.85 per share, slightly exceeding analyst estimates; revenue increased 11.1% year over year.
- The company declared a quarterly dividend of $0.75 per share, equivalent to $3.00 annually and a 1.5% yield. Analysts maintain a consensus “Hold” rating with an average price target of $208.48.
Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) Director Donna Epps sold 820 shares of the business's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $206.56, for a total value of $169,379.20. Following the completion of the sale, the director owned 4,042 shares in the company, valued at approximately $834,915.52. This trade represents a 16.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Texas Roadhouse Stock Down 0.2%
NASDAQ:TXRH opened at $202.93 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.39 and a current ratio of 0.46. The company has a market cap of $13.32 billion, a PE ratio of 32.47, a PEG ratio of 2.01 and a beta of 0.79. Texas Roadhouse, Inc. has a 52-week low of $153.82 and a 52-week high of $216.30. The stock has a 50-day simple moving average of $193.86 and a 200 day simple moving average of $179.86.
Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its 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. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The firm had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.67 billion. During the same quarter in the previous year, the business posted $1.86 EPS. The business's quarterly revenue was up 11.1% compared to the same quarter last year. On average, sell-side analysts expect that Texas Roadhouse, Inc. will post 6.63 EPS for the current fiscal year.
Texas Roadhouse Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $3.00 annualized dividend and a yield of 1.5%. Texas Roadhouse's payout ratio is 48.00%.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on TXRH. BMO Capital Markets raised their price target on Texas Roadhouse from $165.00 to $180.00 and gave the company a "market perform" rating in a research note on Thursday, May 21st. Wells Fargo & Company boosted their target price on shares of Texas Roadhouse from $220.00 to $230.00 and gave the company an "overweight" rating in a research report on Friday, August 7th. Guggenheim restated a "buy" rating and set a $210.00 target price on shares of Texas Roadhouse in a research note on Monday, May 18th. Royal Bank Of Canada upped their target price on Texas Roadhouse from $210.00 to $235.00 and gave the stock an "outperform" rating in a report on Friday, August 7th. Finally, JPMorgan Chase & Co. increased 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. Ten investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $208.48.
View Our Latest Research Report on TXRH
Hedge Funds Weigh In On Texas Roadhouse
Institutional investors have recently modified their holdings of the company. Elyxium Wealth LLC acquired a new stake in Texas Roadhouse in the 4th quarter valued at $25,000. Basecamp Wealth Advisors LLC raised its holdings in Texas Roadhouse by 5,033.3% during the first quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator's stock worth $25,000 after buying an additional 151 shares during the last quarter. Silvant Capital Management LLC bought a new position in shares of Texas Roadhouse in the second quarter valued at $32,000. Measured Wealth Private Client Group LLC bought a new position in shares of Texas Roadhouse in the third quarter valued at $33,000. Finally, Garton & Associates Financial Advisors LLC acquired a new position in shares of Texas Roadhouse during the fourth quarter valued at about $34,000. 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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