Texas Roadhouse, Inc. (NASDAQ:TXRH – Get Free Report) Director Gregory Moore sold 3,000 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $173.06, for a total value of $519,180.00. Following the completion of the transaction, the director owned 34,550 shares of the company’s stock, valued at $5,979,223. The trade was a 7.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Texas Roadhouse Stock Performance
Shares of TXRH opened at $173.23 on Thursday. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04. The stock has a market capitalization of $11.51 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 2.40 and a beta of 0.86. The stock has a fifty day moving average of $184.64 and a 200-day moving average of $178.89.
Texas Roadhouse (NASDAQ:TXRH – Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $1.86 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.09). The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The firm’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.79 earnings per share. As a group, equities analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.
Texas Roadhouse Dividend Announcement
Institutional Trading of Texas Roadhouse
A number of institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC boosted its position in Texas Roadhouse by 0.4% during the second quarter. Advisory Services Network LLC now owns 29,683 shares of the restaurant operator’s stock valued at $5,495,000 after acquiring an additional 108 shares during the last quarter. Nomura Holdings Inc. bought a new stake in Texas Roadhouse during the second quarter valued at $502,000. Winslow Asset Management Inc. boosted its position in Texas Roadhouse by 16.6% during the second quarter. Winslow Asset Management Inc. now owns 2,070 shares of the restaurant operator’s stock valued at $388,000 after acquiring an additional 295 shares during the last quarter. Corient Private Wealth LLC boosted its position in Texas Roadhouse by 83.8% during the second quarter. Corient Private Wealth LLC now owns 29,927 shares of the restaurant operator’s stock valued at $5,608,000 after acquiring an additional 13,644 shares during the last quarter. Finally, Captrust Financial Advisors boosted its position in Texas Roadhouse by 24.6% during the second quarter. Captrust Financial Advisors now owns 22,546 shares of the restaurant operator’s stock valued at $4,225,000 after acquiring an additional 4,454 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.
Wall Street Analyst Weigh In
TXRH has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Texas Roadhouse in a report on Tuesday, July 15th. Stephens increased their price objective on Texas Roadhouse from $184.00 to $190.00 and gave the company an “equal weight” rating in a report on Friday, August 8th. Citigroup increased their price objective on Texas Roadhouse from $180.00 to $197.00 and gave the company a “neutral” rating in a report on Tuesday, July 29th. UBS Group increased their price objective on Texas Roadhouse from $200.00 to $220.00 and gave the company a “buy” rating in a report on Friday, June 6th. Finally, Melius initiated coverage on Texas Roadhouse in a report on Monday, July 14th. They issued a “buy” rating and a $235.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $197.85.
Read Our Latest Stock Report on Texas Roadhouse
Texas Roadhouse Company Profile
Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.
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