Key Points
- Texas Roadhouse insider Lloyd Paul Marshall sold 500 shares at an average price of $204.65, generating $102,325. After the transaction, Marshall retained 9,826 shares, a 4.84% reduction in his position.
- The company’s latest quarter slightly exceeded expectations, with EPS of $1.85 versus the $1.83 consensus and revenue of $1.68 billion, up 11.1% year over year.
- Texas Roadhouse declared a quarterly dividend of $0.75, equivalent to a $3.00 annualized payout and a 1.5% yield. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $208.48.
Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) insider Lloyd Paul Marshall sold 500 shares of the business's stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $204.65, for a total transaction of $102,325.00. Following the completion of the sale, the insider directly owned 9,826 shares in the company, valued at approximately $2,010,890.90. This trade represents a 4.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Texas Roadhouse Stock Performance
Shares of TXRH stock opened at $200.12 on Friday. The firm's 50 day moving average is $197.77 and its 200 day moving average is $180.63. The stock has a market capitalization of $13.14 billion, a P/E ratio of 32.02, a PEG ratio of 2.02 and a beta of 0.79. Texas Roadhouse, Inc. has a 12 month low of $153.82 and a 12 month high of $216.30. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.03.
Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share for the quarter, beating analysts' consensus estimates of $1.83 by $0.02. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the business earned $1.86 EPS. Texas Roadhouse's revenue was up 11.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Texas Roadhouse, Inc. will post 6.63 earnings per share for the current year.
Texas Roadhouse Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be given a $0.75 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $3.00 annualized dividend and a dividend yield of 1.5%. Texas Roadhouse's payout ratio is 48.00%.
Institutional Trading of Texas Roadhouse
A number of large investors have recently modified their holdings of TXRH. Elyxium Wealth LLC purchased a new position in shares of Texas Roadhouse during the fourth quarter worth about $25,000. Basecamp Wealth Advisors LLC raised its stake in Texas Roadhouse by 5,033.3% in the first quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator's stock valued at $25,000 after purchasing an additional 151 shares in the last quarter. Silvant Capital Management LLC bought a new stake in Texas Roadhouse during the second quarter valued at approximately $32,000. Measured Wealth Private Client Group LLC bought a new stake in Texas Roadhouse during the third quarter valued at approximately $33,000. Finally, Garton & Associates Financial Advisors LLC purchased a new position in Texas Roadhouse in the 4th quarter worth approximately $34,000. Institutional investors own 94.82% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on TXRH. Robert W. Baird upgraded Texas Roadhouse to a "strong-buy" rating in a research note on Monday. Benchmark reaffirmed a "hold" rating on shares of Texas Roadhouse in a report on Monday, August 10th. Piper Sandler lifted their target price on Texas Roadhouse from $192.00 to $208.00 and gave the company a "neutral" rating in a report on Monday, August 10th. Mizuho upped their price target on Texas Roadhouse from $190.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. Finally, TD Cowen increased their price target on shares of Texas Roadhouse from $205.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have assigned a Hold rating to the company's stock. According to MarketBeat, Texas Roadhouse currently has an average rating of "Moderate Buy" and a consensus price target of $208.48.
Read Our Latest Analysis on TXRH
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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