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 the firm’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $196.00, for a total transaction of $980,000.00. Following the transaction, the chief executive officer owned 91,774 shares in the company, valued at $17,987,704. This represents a 5.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Texas Roadhouse Price Performance

TXRH opened at $190.65 on Friday. The business has a 50 day moving average price of $175.19 and a two-hundred day moving average price of $173.77. The company has a market capitalization of $12.61 billion, a price-to-earnings ratio of 29.15, a price-to-earnings-growth ratio of 3.00 and a beta of 0.89. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year 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 analysts’ consensus estimates of $1.28 by ($0.03). The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. Texas Roadhouse had a return on equity of 30.59% and a net margin of 7.49%.The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.26 EPS. Equities analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

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

Wall Street Analysts Forecast Growth

TXRH has been the topic of a number of research reports. Sanford C. Bernstein set a $185.00 target price on shares of Texas Roadhouse in a report on Wednesday, January 7th. Stephens dropped their price target on Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. UBS Group reissued a “buy” rating on shares of Texas Roadhouse in a research note on Monday, November 10th. Wall Street Zen cut Texas Roadhouse from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Finally, Truist Financial upped their target price on Texas Roadhouse from $195.00 to $206.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $196.33.

Institutional Trading of Texas Roadhouse

Hedge funds and other institutional investors have recently modified their holdings of the business. Caldwell Trust Co acquired a new position in Texas Roadhouse during the second quarter valued at $28,000. Princeton Global Asset Management LLC purchased a new position in Texas Roadhouse during the 4th quarter valued at about $31,000. Measured Wealth Private Client Group LLC purchased a new position in Texas Roadhouse during the 3rd quarter valued at about $33,000. Root Financial Partners LLC acquired a new position in shares of Texas Roadhouse in the 3rd quarter valued at about $36,000. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Texas Roadhouse in the second quarter worth approximately $53,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

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.