Texas Roadhouse (NASDAQ:TXRH) General Counsel Sean Renfroe Sells 426 Shares of Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) General Counsel Sean Renfroe sold 426 shares of the company’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $192.53, for a total transaction of $82,017.78. Following the completion of the transaction, the general counsel directly owned 860 shares of the company’s stock, valued at approximately $165,575.80. The trade was a 33.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Texas Roadhouse Stock Performance

TXRH opened at $187.14 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.40. The company has a market capitalization of $12.30 billion, a price-to-earnings ratio of 29.76, a P/E/G ratio of 2.12 and a beta of 0.78. The business’s 50-day moving average price is $175.32 and its two-hundred day moving average price is $175.34. Texas Roadhouse, Inc. has a 1 year low of $153.82 and a 1 year high of $197.00.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (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 return on equity of 27.86% and a net margin of 6.85%.Texas Roadhouse’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.70 EPS. Equities analysts expect that Texas Roadhouse, Inc. will post 6.42 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 2nd were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, June 2nd. Texas Roadhouse’s payout ratio is currently 47.92%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $200.00 price target on shares of Texas Roadhouse in a research report on Friday, May 8th. Royal Bank Of Canada upgraded Texas Roadhouse from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $180.00 to $210.00 in a report on Friday, May 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Texas Roadhouse in a research report on Friday, May 29th. Wall Street Zen upgraded Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Finally, Piper Sandler raised their price target on Texas Roadhouse from $190.00 to $192.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $196.36.

Institutional Investors Weigh In On Texas Roadhouse

A number of institutional investors and hedge funds have recently modified their holdings of the company. Oak Thistle LLC acquired a new position in shares of Texas Roadhouse in the fourth quarter valued at approximately $1,553,000. Capital World Investors lifted its holdings in Texas Roadhouse by 580.2% during the 3rd quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator’s stock worth $371,658,000 after purchasing an additional 1,908,033 shares during the last quarter. Stephens Investment Management Group LLC boosted its stake in Texas Roadhouse by 98.2% in the 4th quarter. Stephens Investment Management Group LLC now owns 370,225 shares of the restaurant operator’s stock valued at $61,457,000 after purchasing an additional 183,422 shares during the period. Jefferies Financial Group Inc. acquired a new position in Texas Roadhouse in the 4th quarter valued at $977,000. Finally, Cinctive Capital Management LP acquired a new position in Texas Roadhouse in the 3rd quarter valued at $18,915,000. 94.82% of the stock is owned by institutional investors.

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.