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

Texas Roadhouse, Inc. (NASDAQ:TXRH) General Counsel Sean Renfroe sold 426 shares of Texas Roadhouse stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $192.53, for a total value 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. This trade represents a 33.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Texas Roadhouse Stock Up 0.5%

Shares of Texas Roadhouse stock opened at $187.03 on Wednesday. The stock’s 50-day moving average is $175.87 and its 200 day moving average is $175.45. Texas Roadhouse, Inc. has a one year low of $153.82 and a one year high of $197.00. The firm has a market cap of $12.29 billion, a price-to-earnings ratio of 29.88, a PEG ratio of 2.03 and a beta of 0.78. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.40.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.07. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.70 earnings per share. Equities research analysts anticipate that Texas Roadhouse, Inc. will post 6.42 EPS for the current year.

Texas Roadhouse Dividend Announcement

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

Institutional Trading of Texas Roadhouse

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

Wall Street Analyst Weigh In

TXRH has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Texas Roadhouse in a research note on Friday, May 29th. Barclays reduced their target price on Texas Roadhouse from $188.00 to $175.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. Guggenheim reaffirmed a “buy” rating and issued a $210.00 target price on shares of Texas Roadhouse in a research report on Monday, May 18th. Wall Street Zen raised Texas Roadhouse from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. Finally, Citigroup reduced their price objective on Texas Roadhouse from $176.00 to $174.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $196.36.

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.