Texas Roadhouse (NASDAQ:TXRH) Director Curtis Warfield Sells 1,316 Shares of Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Curtis Warfield sold 1,316 shares of the company’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $190.19, for a total transaction of $250,290.04. Following the completion of the transaction, the director directly owned 4,045 shares of the company’s stock, valued at approximately $769,318.55. The trade was a 24.55% decrease in their ownership of the stock. 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 Texas Roadhouse stock opened at $185.99 on Friday. The business has a 50-day moving average of $172.25 and a 200-day moving average of $179.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.38 and a quick ratio of 0.39. The company has a market capitalization of $12.21 billion, a PE ratio of 29.62, a P/E/G 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.

Texas Roadhouse (NASDAQ:TXRH) last announced its 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 for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the firm posted $1.25 earnings per share. The firm’s revenue was up 9.5% compared to the same quarter last year. As a group, equities analysts forecast that Texas Roadhouse, Inc. will post 6.37 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 29th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, December 1st. Texas Roadhouse’s dividend payout ratio (DPR) is 47.17%.

Hedge Funds Weigh In On Texas Roadhouse

A number of hedge funds have recently bought and sold shares of the company. AlphaGrep UK Ltd acquired a new stake in Texas Roadhouse during the third quarter valued at approximately $703,000. Benjamin Edwards Inc. grew its position in shares of Texas Roadhouse by 60.8% in the 3rd quarter. Benjamin Edwards Inc. now owns 2,890 shares of the restaurant operator’s stock worth $452,000 after acquiring an additional 1,093 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Texas Roadhouse in the 3rd quarter worth approximately $1,955,000. Private Wealth Asset Management LLC bought a new stake in shares of Texas Roadhouse in the 3rd quarter valued at approximately $399,000. Finally, USS Investment Management Ltd increased its holdings in shares of Texas Roadhouse by 34.9% in the 3rd quarter. USS Investment Management Ltd now owns 95,550 shares of the restaurant operator’s stock valued at $14,938,000 after acquiring an additional 24,726 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TXRH. Evercore set a $220.00 price objective on Texas Roadhouse in a report on Friday, September 25th. Mizuho increased their target price on Texas Roadhouse from $190.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, October 30th. Jefferies Financial Group upgraded Texas Roadhouse from a “hold” rating to a “buy” rating and increased their target price for the company from $186.00 to $190.00 in a research note on Wednesday, October 14th. Benchmark raised shares of Texas Roadhouse from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Finally, Seaport Research Partners began coverage on shares of Texas Roadhouse in a research note on Wednesday, September 16th. They issued a “buy” rating and a $195.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $208.04.

About Texas Roadhouse

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.