Insider Selling: Texas Roadhouse (NASDAQ:TXRH) Director Sells $132,593.50 in Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Hugh Carroll sold 650 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $203.99, for a total value of $132,593.50. Following the sale, the director directly owned 2,883 shares of the company’s stock, valued at approximately $588,103.17. This trade represents a 18.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Texas Roadhouse Stock Performance

Shares of TXRH stock opened at $198.99 on Friday. The firm has a market capitalization of $13.06 billion, a price-to-earnings ratio of 31.84, a PEG ratio of 1.97 and a beta of 0.79. The stock has a fifty day moving average of $198.20 and a 200 day moving average of $180.76. Texas Roadhouse, Inc. has a 52 week low of $153.82 and a 52 week high of $216.30. 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 (NASDAQ:TXRH) last released its earnings results on Thursday, August 6th. The restaurant operator reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.02. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter last year, the business posted $1.86 EPS. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, research analysts expect that Texas Roadhouse, Inc. will post 6.63 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 1st. Texas Roadhouse’s dividend payout ratio is currently 48.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC lifted its position in shares of Texas Roadhouse by 12.0% in the first quarter. NewEdge Advisors LLC now owns 2,423 shares of the restaurant operator’s stock valued at $404,000 after acquiring an additional 259 shares in the last quarter. Focus Partners Wealth grew its position in shares of Texas Roadhouse by 23.3% during the first quarter. Focus Partners Wealth now owns 6,124 shares of the restaurant operator’s stock worth $1,020,000 after purchasing an additional 1,157 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Texas Roadhouse by 36.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock valued at $70,000 after purchasing an additional 111 shares during the period. Sivia Capital Partners LLC bought a new stake in Texas Roadhouse during the 2nd quarter valued at approximately $657,000. Finally, Marshall Wace LLP purchased a new position in Texas Roadhouse in the 2nd quarter worth approximately $1,936,000. 94.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TXRH. TD Cowen boosted their price target on Texas Roadhouse from $205.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Stifel Nicolaus lifted their price objective on Texas Roadhouse from $170.00 to $180.00 and gave the stock a “hold” rating in a report on Tuesday, May 12th. BTIG Research boosted their target price on Texas Roadhouse from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Citigroup upped their target price on shares of Texas Roadhouse from $193.00 to $209.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Finally, Benchmark reaffirmed a “hold” rating on shares of Texas Roadhouse in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, Texas Roadhouse has a consensus rating of “Moderate Buy” and an average target price of $208.48.

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.