Curtis Warfield Sells 2,640 Shares of Texas Roadhouse (NASDAQ:TXRH) Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Curtis Warfield sold 2,640 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $183.05, for a total value of $483,252.00. Following the sale, the director directly owned 5,361 shares in the company, valued at approximately $981,331.05. The trade was a 33.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $177.06 on Friday. Texas Roadhouse, Inc. has a 1-year low of $153.82 and a 1-year high of $199.99. The stock’s 50-day moving average is $166.62 and its 200 day moving average is $172.74. The company has a market cap of $11.67 billion, a P/E ratio of 28.28, a PEG ratio of 1.97 and a beta of 0.77. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.45.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data 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. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the company earned $1.70 earnings per share. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. Research analysts predict that Texas Roadhouse, Inc. will post 6.38 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 2nd will be paid a $0.75 dividend. The ex-dividend date is Tuesday, June 2nd. This represents a $3.00 dividend on an annualized basis and a yield of 1.7%. Texas Roadhouse’s dividend payout ratio (DPR) is 47.92%.

Analyst Ratings Changes

TXRH has been the subject of a number of research analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a $201.00 price target on shares of Texas Roadhouse in a research note on Friday, May 8th. BTIG Research reiterated a “buy” rating and issued a $200.00 price target on shares of Texas Roadhouse in a research note on Friday, February 20th. The Goldman Sachs Group increased their price target on Texas Roadhouse from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Wells Fargo & Company decreased their price target on Texas Roadhouse from $220.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Finally, Stephens increased their price target on Texas Roadhouse from $168.00 to $180.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and fifteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $193.73.

Institutional Trading of Texas Roadhouse

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Elyxium Wealth LLC acquired a new stake in Texas Roadhouse during the fourth quarter worth about $25,000. Princeton Global Asset Management LLC acquired a new stake in Texas Roadhouse during the fourth quarter worth about $31,000. Measured Wealth Private Client Group LLC acquired a new stake in Texas Roadhouse during the third quarter worth about $33,000. Garton & Associates Financial Advisors LLC acquired a new stake in Texas Roadhouse during the fourth quarter worth about $34,000. Finally, Root Financial Partners LLC acquired a new stake in Texas Roadhouse during the third quarter worth about $36,000. 94.82% of the stock is owned by institutional investors and hedge funds.

About Texas Roadhouse

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.