Texas Roadhouse Sees Unusually Large Options Volume (NASDAQ:TXRH)

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Texas Roadhouse Inc (NASDAQ:TXRH) was the target of unusually large options trading on Wednesday. Investors purchased 3,044 call options on the company. This is an increase of 3,905% compared to the typical daily volume of 76 call options.

In other Texas Roadhouse news, Director James R. Zarley bought 18,900 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were acquired at an average cost of $52.51 per share, with a total value of $992,439.00. Following the completion of the transaction, the director now owns 113,100 shares in the company, valued at $5,938,881. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.89% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the company. First Trust Advisors LP lifted its position in Texas Roadhouse by 27.7% in the first quarter. First Trust Advisors LP now owns 63,746 shares of the restaurant operator’s stock worth $3,964,000 after purchasing an additional 13,833 shares during the period. Nordea Investment Management AB increased its holdings in shares of Texas Roadhouse by 19.0% in the first quarter. Nordea Investment Management AB now owns 1,150,335 shares of the restaurant operator’s stock valued at $71,538,000 after buying an additional 183,465 shares in the last quarter. Cerebellum GP LLC bought a new position in shares of Texas Roadhouse in the first quarter valued at $324,000. GYL Financial Synergies LLC bought a new position in shares of Texas Roadhouse in the first quarter valued at $632,000. Finally, Marshall Wace LLP increased its holdings in shares of Texas Roadhouse by 377.5% in the first quarter. Marshall Wace LLP now owns 617,814 shares of the restaurant operator’s stock valued at $38,421,000 after buying an additional 488,417 shares in the last quarter. 88.08% of the stock is owned by institutional investors.

Several analysts recently weighed in on the company. ValuEngine lowered Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Friday, March 15th. BidaskClub lowered Texas Roadhouse from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. Maxim Group raised Texas Roadhouse from a “hold” rating to a “buy” rating and boosted their price objective for the company from $60.00 to $63.00 in a report on Tuesday, June 4th. Stephens raised Texas Roadhouse from an “equal weight” rating to an “overweight” rating and set a $70.00 price objective for the company in a report on Wednesday, March 20th. Finally, Raymond James reissued a “hold” rating on shares of Texas Roadhouse in a report on Friday, June 21st. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $63.40.

NASDAQ:TXRH opened at $53.05 on Thursday. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 2.06 and a beta of 0.62. The company’s 50 day moving average is $53.91. Texas Roadhouse has a 52 week low of $50.84 and a 52 week high of $75.24. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.89 and a quick ratio of 0.84.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Monday, April 29th. The restaurant operator reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.12). The company had revenue of $690.61 million for the quarter, compared to the consensus estimate of $693.76 million. Texas Roadhouse had a net margin of 6.11% and a return on equity of 16.17%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the company posted $0.76 earnings per share. On average, sell-side analysts forecast that Texas Roadhouse will post 2.29 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 12th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Tuesday, June 11th. Texas Roadhouse’s dividend payout ratio (DPR) is presently 54.55%.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of April 29, 2019, it owned and operated approximately 590 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

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