Lloyd Paul Marshall Sells 500 Shares of Texas Roadhouse (NASDAQ:TXRH) Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) insider Lloyd Paul Marshall sold 500 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $204.65, for a total transaction of $102,325.00. Following the completion of the transaction, the insider owned 9,826 shares of the company’s stock, valued at approximately $2,010,890.90. This trade represents a 4.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Texas Roadhouse Stock Performance

TXRH opened at $198.99 on Friday. The business’s 50 day moving average is $198.20 and its 200-day moving average is $180.76. The stock has a market cap of $13.06 billion, a PE ratio of 31.84, a price-to-earnings-growth ratio of 1.98 and a beta of 0.79. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.03. Texas Roadhouse, Inc. has a twelve month low of $153.82 and a twelve month high of $216.30.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.02. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the firm posted $1.86 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. On average, analysts predict that Texas Roadhouse, Inc. will post 6.63 earnings per share for the current year.

Texas Roadhouse Announces Dividend

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

Hedge Funds Weigh In On Texas Roadhouse

Several hedge funds have recently modified their holdings of the company. California State Teachers Retirement System raised its stake in shares of Texas Roadhouse by 19,889.7% in the 2nd quarter. California State Teachers Retirement System now owns 15,417,049 shares of the restaurant operator’s stock worth $2,979,036,000 after buying an additional 15,339,924 shares in the last quarter. BlackRock Inc. bought a new position in Texas Roadhouse during the second quarter valued at about $1,273,173,000. Balyasny Asset Management L.P. bought a new position in Texas Roadhouse during the third quarter valued at about $157,310,000. Wellington Management Group LLP grew its holdings in Texas Roadhouse by 228.4% during the fourth quarter. Wellington Management Group LLP now owns 1,329,052 shares of the restaurant operator’s stock worth $220,623,000 after acquiring an additional 924,306 shares during the period. Finally, Norges Bank acquired a new position in Texas Roadhouse during the fourth quarter worth about $145,734,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. UBS Group increased their price target on Texas Roadhouse from $210.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. TD Cowen lifted their price objective on shares of Texas Roadhouse from $205.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Barclays reduced their price objective on shares of Texas Roadhouse from $188.00 to $175.00 and set an “equal weight” rating for the company in a report on Friday, May 8th. Benchmark reiterated a “hold” rating on shares of Texas Roadhouse in a research report on Monday, August 10th. Finally, Morgan Stanley reissued an “overweight” rating and set a $212.00 target price on shares of Texas Roadhouse in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $208.48.

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.