Insider Selling: Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Sells 610 Shares of Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Donna E. Epps sold 610 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the sale, the director now owns 3,532 shares of the company’s stock, valued at $691,071.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Texas Roadhouse Trading Up 2.2 %

NASDAQ TXRH traded up $4.40 during trading on Wednesday, reaching $200.59. The company’s stock had a trading volume of 633,511 shares, compared to its average volume of 773,945. Texas Roadhouse, Inc. has a 1-year low of $107.24 and a 1-year high of $201.35. The stock has a market capitalization of $13.38 billion, a PE ratio of 34.44, a PEG ratio of 1.67 and a beta of 0.98. The business has a 50-day moving average price of $178.22 and a 200-day moving average price of $171.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. Texas Roadhouse’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.95 EPS. As a group, analysts expect that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.44 annualized dividend and a yield of 1.22%. Texas Roadhouse’s payout ratio is 41.92%.

Analysts Set New Price Targets

A number of equities analysts have commented on TXRH shares. BMO Capital Markets lifted their price target on Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. UBS Group lifted their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Barclays raised their target price on Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Stifel Nicolaus upped their price objective on Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Stephens boosted their target price on Texas Roadhouse from $170.00 to $176.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Texas Roadhouse currently has a consensus rating of “Hold” and a consensus price target of $189.00.

Hedge Funds Weigh In On Texas Roadhouse

Several institutional investors have recently bought and sold shares of TXRH. Empowered Funds LLC purchased a new stake in Texas Roadhouse in the 1st quarter valued at $998,000. SG Americas Securities LLC grew its holdings in Texas Roadhouse by 234.5% during the first quarter. SG Americas Securities LLC now owns 6,342 shares of the restaurant operator’s stock valued at $980,000 after purchasing an additional 4,446 shares during the last quarter. Sei Investments Co. increased its holdings in Texas Roadhouse by 31.6% during the 1st quarter. Sei Investments Co. now owns 73,707 shares of the restaurant operator’s stock valued at $11,385,000 after purchasing an additional 17,691 shares in the last quarter. US Bancorp DE increased its stake in Texas Roadhouse by 9.3% during the 1st quarter. US Bancorp DE now owns 12,432 shares of the restaurant operator’s stock worth $1,920,000 after purchasing an additional 1,063 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Texas Roadhouse by 3.9% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 33,959 shares of the restaurant operator’s stock worth $5,246,000 after buying an additional 1,271 shares during the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.