Gerald Morgan Sells 5,000 Shares of Texas Roadhouse (NASDAQ:TXRH) Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) CEO Gerald Morgan sold 5,000 shares of Texas Roadhouse stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $196.00, for a total value of $980,000.00. Following the sale, the chief executive officer owned 91,774 shares in the company, valued at $17,987,704. This represents a 5.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Texas Roadhouse Stock Down 0.1%

Shares of TXRH stock traded down $0.11 during mid-day trading on Thursday, reaching $191.25. 716,141 shares of the company’s stock traded hands, compared to its average volume of 972,531. The company’s 50-day moving average price is $174.73 and its 200-day moving average price is $173.74. The company has a market cap of $12.65 billion, a P/E ratio of 29.24, a P/E/G ratio of 3.05 and a beta of 0.89. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.03). Texas Roadhouse had a return on equity of 30.59% and a net margin of 7.49%.The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the firm earned $1.26 EPS. The company’s revenue was up 12.8% on a year-over-year basis. Equities analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd were given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, December 2nd. Texas Roadhouse’s payout ratio is currently 41.59%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Roundview Capital LLC purchased a new stake in shares of Texas Roadhouse in the second quarter worth about $1,482,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Texas Roadhouse by 2,515.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 417,045 shares of the restaurant operator’s stock valued at $78,158,000 after purchasing an additional 401,098 shares in the last quarter. Symphony Financial Ltd. Co. purchased a new position in shares of Texas Roadhouse in the 2nd quarter worth $28,465,000. NorthRock Partners LLC bought a new stake in shares of Texas Roadhouse in the 2nd quarter worth about $276,000. Finally, waypoint wealth counsel purchased a new stake in shares of Texas Roadhouse during the 2nd quarter valued at about $329,000. Institutional investors own 94.82% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on TXRH. UBS Group reissued a “buy” rating on shares of Texas Roadhouse in a research report on Monday, November 10th. Stephens decreased their price target on Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Barclays boosted their target price on Texas Roadhouse from $170.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. TD Cowen initiated coverage on shares of Texas Roadhouse in a report on Tuesday. They issued a “buy” rating and a $215.00 target price on the stock. Finally, The Goldman Sachs Group lowered their price target on Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Texas Roadhouse currently has a consensus rating of “Moderate Buy” and an average target price of $196.33.

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.