Donna Epps Sells 850 Shares of Texas Roadhouse (NASDAQ:TXRH) Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Donna Epps sold 850 shares of the business’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $172.45, for a total transaction of $146,582.50. Following the completion of the sale, the director directly owned 4,892 shares of the company’s stock, valued at $843,625.40. This represents a 14.80% 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 Trading Down 2.0%

Shares of NASDAQ:TXRH opened at $171.54 on Friday. The stock’s 50-day moving average price is $182.52 and its 200-day moving average price is $173.69. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $199.99. The stock has a market capitalization of $11.35 billion, a P/E ratio of 28.17, a price-to-earnings-growth ratio of 1.86 and a beta of 0.86.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, February 19th. The restaurant operator reported $1.28 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.25). The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Texas Roadhouse had a return on equity of 27.88% and a net margin of 6.90%.The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.73 EPS. As a group, research analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a $0.75 dividend. The ex-dividend date is Tuesday, March 17th. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.68. This represents a $3.00 annualized dividend and a yield of 1.7%. Texas Roadhouse’s dividend payout ratio is presently 44.66%.

Hedge Funds Weigh In On Texas Roadhouse

Hedge funds and other institutional investors have recently made changes to their positions in the business. Elyxium Wealth LLC purchased a new position in Texas Roadhouse during the 4th quarter valued at $25,000. Caldwell Trust Co purchased a new stake in shares of Texas Roadhouse in the 2nd quarter worth about $28,000. Princeton Global Asset Management LLC purchased a new stake in shares of Texas Roadhouse in the 4th quarter worth about $31,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Texas Roadhouse during the 3rd quarter valued at about $33,000. Finally, Garton & Associates Financial Advisors LLC bought a new stake in shares of Texas Roadhouse during the 4th quarter valued at about $34,000. Institutional investors own 94.82% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TXRH. The Goldman Sachs Group raised their target price on shares of Texas Roadhouse from $175.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. TD Cowen began coverage on shares of Texas Roadhouse in a research report on Tuesday, January 20th. They set a “buy” rating and a $215.00 price target for the company. Morgan Stanley cut their price target on shares of Texas Roadhouse from $208.00 to $202.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Texas Roadhouse in a research report on Monday, December 29th. Finally, Mizuho upped their price objective on shares of Texas Roadhouse from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat.com, Texas Roadhouse has a consensus rating of “Moderate Buy” and an average target price of $196.55.

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.