Key Points
- Director Curtis Warfield sold 1,316 Texas Roadhouse shares at an average price of $190.19, receiving about $250,290. He retained 4,045 shares after reducing his position by 24.55%.
- Texas Roadhouse reported quarterly EPS of $1.36, below the $1.46 analyst consensus, and revenue of $1.57 billion, also slightly under estimates; revenue nevertheless rose 9.5% year over year.
- The company declared a quarterly dividend of $0.75 per share, equivalent to $3.00 annually and a 1.6% yield. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $208.04.
Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) Director Curtis Warfield sold 1,316 shares of the business's stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $190.19, for a total transaction of $250,290.04. Following the sale, the director owned 4,045 shares of the company's stock, valued at approximately $769,318.55. The trade was a 24.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Texas Roadhouse Stock Down 1.3%
Shares of NASDAQ:TXRH opened at $185.99 on Friday. The stock has a market capitalization of $12.21 billion, a price-to-earnings ratio of 29.62, a price-to-earnings-growth ratio of 2.16 and a beta of 0.81. Texas Roadhouse, Inc. has a 1-year low of $153.82 and a 1-year high of $216.30. The company's fifty day moving average is $172.25 and its two-hundred day moving average is $179.03. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.39 and a current ratio of 0.38.
Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The restaurant operator reported $1.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.46 by ($0.10). Texas Roadhouse had a return on equity of 27.01% and a net margin of 6.59%. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the business posted $1.25 earnings per share. The company's quarterly revenue was up 9.5% compared to the same quarter last year. Equities analysts anticipate that Texas Roadhouse, Inc. will post 6.37 EPS for the current year.
Texas Roadhouse Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 29th. Investors of record on Tuesday, December 1st will be paid a dividend of $0.75 per share. The ex-dividend date is Tuesday, December 1st. This represents a $3.00 annualized dividend and a yield of 1.6%. Texas Roadhouse's dividend payout ratio is 47.17%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on TXRH. Stephens raised shares of Texas Roadhouse from an "equal weight" rating to an "overweight" rating and set a $205.00 target price on the stock in a report on Thursday, October 15th. Evercore set a $220.00 target price on Texas Roadhouse in a report on Friday, September 25th. BMO Capital Markets reiterated a "market perform" rating and set a $190.00 price target on shares of Texas Roadhouse in a research report on Friday, November 6th. KeyCorp reissued a "sector weight" rating on shares of Texas Roadhouse in a report on Friday, October 2nd. Finally, Bank of America raised their price target on Texas Roadhouse from $225.00 to $227.00 and gave the stock a "buy" rating in a report on Friday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $208.04.
Check Out Our Latest Stock Report on TXRH
Institutional Trading of Texas Roadhouse
A number of large investors have recently modified their holdings of TXRH. BlackRock Inc. acquired a new position in Texas Roadhouse during the 2nd quarter valued at about $1,273,173,000. Wellington Management Group LLP increased its stake in shares of Texas Roadhouse by 8.4% in the second quarter. Wellington Management Group LLP now owns 1,541,791 shares of the restaurant operator's stock valued at $297,920,000 after purchasing an additional 119,803 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Texas Roadhouse by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 864,006 shares of the restaurant operator's stock valued at $142,670,000 after purchasing an additional 34,385 shares during the period. Bessemer Group Inc. raised its holdings in shares of Texas Roadhouse by 38.1% during the first quarter. Bessemer Group Inc. now owns 732,411 shares of the restaurant operator's stock valued at $120,951,000 after buying an additional 202,241 shares during the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of Texas Roadhouse during the second quarter valued at approximately $113,993,000. Institutional investors and hedge funds own 94.82% of the company's stock.
About Texas Roadhouse
(
Get Free Report)
Texas Roadhouse, Inc. operates and franchises casual dining restaurants under the Texas Roadhouse, Bubba's 33 and Jaggers brands. Its restaurants are known for a lively atmosphere and made-from-scratch food. The Texas Roadhouse menu features hand-cut steaks, ribs, chicken, seafood and made-from-scratch sides, along with freshly baked bread. Bubba's 33 offers a sports-bar setting with items such as burgers, pizza and wings, while Jaggers focuses on burgers, chicken sandwiches and salads. Founded in 1993 in Clarksville, Indiana, Texas Roadhouse is headquartered in Louisville, Kentucky.
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