Insider Selling: Texas Roadhouse (NASDAQ:TXRH) Insider Sells $102,325.00 in Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) insider Lloyd Paul Marshall sold 500 shares of the firm’s stock in a transaction 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 transaction, the insider directly owned 9,826 shares of the company’s stock, valued at approximately $2,010,890.90. This trade represents a 4.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Texas Roadhouse Price Performance

Texas Roadhouse stock traded down $3.76 during mid-day trading on Thursday, reaching $200.12. 633,695 shares of the company’s stock traded hands, compared to its average volume of 811,906. The company has a market cap of $13.14 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 2.02 and a beta of 0.79. The stock has a 50 day moving average of $197.77 and a two-hundred day moving average of $180.63. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.03. Texas Roadhouse, Inc. has a 12-month low of $153.82 and a 12-month high of $216.30.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.85 EPS for the quarter, topping 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 analysts’ expectations of $1.67 billion. During the same period last year, the company posted $1.86 EPS. The business’s revenue was up 11.1% on a year-over-year basis. Equities analysts forecast that Texas Roadhouse, Inc. will post 6.63 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Texas Roadhouse’s payout ratio is presently 48.00%.

Institutional Trading of Texas Roadhouse

Hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System lifted its position in shares of Texas Roadhouse by 19,889.7% during the second quarter. California State Teachers Retirement System now owns 15,417,049 shares of the restaurant operator’s stock worth $2,979,036,000 after purchasing an additional 15,339,924 shares during the last quarter. BlackRock Inc. bought a new position in shares of Texas Roadhouse in the second quarter worth about $1,273,173,000. AQR Capital Management LLC increased its stake in Texas Roadhouse by 27.4% in the 4th quarter. AQR Capital Management LLC now owns 2,674,102 shares of the restaurant operator’s stock worth $443,901,000 after buying an additional 575,685 shares during the period. Capital World Investors increased its stake in Texas Roadhouse by 13.4% in the 4th quarter. Capital World Investors now owns 2,537,290 shares of the restaurant operator’s stock worth $421,190,000 after buying an additional 300,405 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in Texas Roadhouse by 8.4% during the 2nd quarter. Wellington Management Group LLP now owns 1,541,791 shares of the restaurant operator’s stock valued at $297,920,000 after buying an additional 119,803 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on TXRH. Stifel Nicolaus raised their price objective on Texas Roadhouse from $170.00 to $180.00 and gave the company a “hold” rating in a research note on Tuesday, May 12th. Barclays cut their target price on Texas Roadhouse from $188.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. Wells Fargo & Company raised their price target on Texas Roadhouse from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Robert W. Baird raised shares of Texas Roadhouse to a “strong-buy” rating in a research note on Monday. Finally, UBS Group boosted their price objective on shares of Texas Roadhouse from $210.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $208.48.

Texas Roadhouse Company Profile

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.