Texas Roadhouse (NASDAQ:TXRH) Director Sells $169,379.20 in Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Donna Epps sold 820 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $206.56, for a total transaction of $169,379.20. Following the transaction, the director owned 4,042 shares of the company’s stock, valued at approximately $834,915.52. This represents a 16.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Texas Roadhouse Stock Up 1.6%

Shares of NASDAQ:TXRH opened at $204.48 on Friday. The company has a 50 day moving average price of $195.26 and a two-hundred day moving average price of $180.18. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.39 and a current ratio of 0.46. The company has a market capitalization of $13.42 billion, a PE ratio of 32.72, a PEG ratio of 1.99 and a beta of 0.79. Texas Roadhouse, Inc. has a 52 week low of $153.82 and a 52 week high of $216.30.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the firm posted $1.86 earnings per share. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. Analysts forecast that Texas Roadhouse, Inc. will post 6.63 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Texas Roadhouse’s dividend payout ratio (DPR) is presently 48.00%.

Hedge Funds Weigh In On Texas Roadhouse

Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Texas Roadhouse in the second quarter valued at approximately $1,273,173,000. AQR Capital Management LLC boosted its holdings in Texas Roadhouse by 27.4% during the fourth quarter. AQR Capital Management LLC now owns 2,674,102 shares of the restaurant operator’s stock worth $443,901,000 after purchasing an additional 575,685 shares during the last quarter. Capital World Investors boosted its holdings in Texas Roadhouse by 13.4% during the fourth quarter. Capital World Investors now owns 2,537,290 shares of the restaurant operator’s stock worth $421,190,000 after purchasing an additional 300,405 shares during the last quarter. Wellington Management Group LLP grew its position in Texas Roadhouse by 8.4% in the second quarter. Wellington Management Group LLP now owns 1,541,791 shares of the restaurant operator’s stock valued at $297,920,000 after purchasing an additional 119,803 shares in the last quarter. Finally, UBS Group AG increased its stake in Texas Roadhouse by 60.4% in the 4th quarter. UBS Group AG now owns 1,387,454 shares of the restaurant operator’s stock valued at $230,317,000 after buying an additional 522,509 shares during the last quarter. 94.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Mizuho boosted their target price on Texas Roadhouse from $190.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $235.00 price target on shares of Texas Roadhouse in a research report on Monday, August 3rd. Wells Fargo & Company lifted their price objective on Texas Roadhouse from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Benchmark reissued a “hold” rating on shares of Texas Roadhouse in a research note on Monday, August 10th. Finally, Wall Street Zen upgraded shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Ten research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, Texas Roadhouse currently has an average rating of “Hold” 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.