Texas Roadhouse (NASDAQ:TXRH) Director Jane Grote Abell Sells 339 Shares

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Jane Grote Abell sold 339 shares of Texas Roadhouse stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $177.43, for a total value of $60,148.77. Following the sale, the director directly owned 2,161 shares in the company, valued at approximately $383,426.23. This trade represents a 13.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Texas Roadhouse Stock Performance

Shares of TXRH traded down $3.32 during mid-day trading on Tuesday, reaching $173.82. 1,401,426 shares of the company’s stock traded hands, compared to its average volume of 1,301,902. The business’s 50-day moving average price is $166.69 and its 200-day moving average price is $172.81. The stock has a market capitalization of $11.43 billion, a P/E ratio of 27.77, a price-to-earnings-growth ratio of 1.94 and a beta of 0.77. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.40 and a current ratio of 0.46. Texas Roadhouse, Inc. has a 12 month low of $153.82 and a 12 month high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.07. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the business earned $1.70 earnings per share. Equities analysts predict that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 2nd will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.7%. Texas Roadhouse’s dividend payout ratio (DPR) is 47.92%.

Institutional Trading of Texas Roadhouse

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Elyxium Wealth LLC acquired a new position in shares of Texas Roadhouse during the fourth quarter worth approximately $25,000. Princeton Global Asset Management LLC acquired a new position in shares of Texas Roadhouse during the fourth quarter worth approximately $31,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Texas Roadhouse during the third quarter worth approximately $33,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of Texas Roadhouse during the fourth quarter worth approximately $34,000. Finally, Root Financial Partners LLC acquired a new position in shares of Texas Roadhouse during the third quarter worth approximately $36,000. Institutional investors own 94.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Truist Financial decreased their target price on shares of Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating for the company in a research note on Friday, February 20th. Royal Bank Of Canada raised shares of Texas Roadhouse from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $180.00 to $210.00 in a research note on Friday. Stephens lifted their price objective on shares of Texas Roadhouse from $168.00 to $180.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. BTIG Research reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Texas Roadhouse in a research note on Friday, February 20th. Finally, Wells Fargo & Company reduced their price objective on shares of Texas Roadhouse from $220.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat.com, Texas Roadhouse presently has an average rating of “Hold” and a consensus price target of $195.09.

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.