Donna Epps Sells 850 Shares of Texas Roadhouse (NASDAQ:TXRH) Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Donna Epps sold 850 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $172.45, for a total value of $146,582.50. Following the completion of the sale, the director owned 4,892 shares in the company, valued at approximately $843,625.40. This represents a 14.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Texas Roadhouse Stock Performance

TXRH stock traded down $3.50 during midday trading on Friday, hitting $171.54. 1,064,649 shares of the stock were exchanged, compared to its average volume of 1,079,760. The stock’s 50-day moving average price is $182.52 and its 200-day moving average price is $173.70. The stock has a market cap of $11.35 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 1.90 and a beta of 0.86. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25). The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Texas Roadhouse had a net margin of 6.90% and a return on equity of 27.88%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.73 EPS. Research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a dividend of $0.75 per share. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.68. The ex-dividend date is Tuesday, March 17th. This represents a $3.00 annualized dividend and a yield of 1.7%. Texas Roadhouse’s payout ratio is 44.66%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Symphony Financial Ltd. Co. acquired a new stake in Texas Roadhouse during the second quarter worth about $28,465,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Texas Roadhouse by 2,515.2% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 417,045 shares of the restaurant operator’s stock worth $78,158,000 after purchasing an additional 401,098 shares during the period. Caprock Group LLC purchased a new position in Texas Roadhouse in the third quarter valued at approximately $1,070,000. Westfield Capital Management Co. LP lifted its position in Texas Roadhouse by 0.5% during the second quarter. Westfield Capital Management Co. LP now owns 705,622 shares of the restaurant operator’s stock valued at $132,241,000 after buying an additional 3,574 shares in the last quarter. Finally, Bfsg LLC grew its stake in Texas Roadhouse by 111.1% during the third quarter. Bfsg LLC now owns 29,798 shares of the restaurant operator’s stock worth $4,951,000 after buying an additional 15,682 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TXRH shares. Barclays set a $188.00 price target on shares of Texas Roadhouse in a research report on Friday, February 20th. Sanford C. Bernstein set a $185.00 target price on Texas Roadhouse in a research note on Wednesday, January 7th. Truist Financial dropped their price target on Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating for the company in a research report on Friday, February 20th. Morgan Stanley cut their target price on shares of Texas Roadhouse from $208.00 to $202.00 and set an “overweight” rating for the company in a research note on Monday, February 23rd. Finally, Wells Fargo & Company raised their price target on shares of Texas Roadhouse from $195.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $196.55.

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.