Texas Roadhouse Inc (NASDAQ:TXRH) insider S. Chris Jacobsen sold 1,500 shares of Texas Roadhouse stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $70.00, for a total value of $105,000.00. Following the transaction, the insider now owns 15,033 shares in the company, valued at approximately $1,052,310. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of NASDAQ TXRH opened at $75.17 on Friday. Texas Roadhouse Inc has a one year low of $44.83 and a one year high of $75.24. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 38.16, a PEG ratio of 2.63 and a beta of 0.63.
Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Monday, July 30th. The restaurant operator reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). Texas Roadhouse had a net margin of 6.76% and a return on equity of 18.15%. The firm had revenue of $629.24 million during the quarter, compared to analysts’ expectations of $634.52 million. During the same quarter last year, the firm earned $0.53 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. equities research analysts forecast that Texas Roadhouse Inc will post 2.33 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Wednesday, September 12th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, September 11th. This represents a $1.00 annualized dividend and a dividend yield of 1.33%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 50.76%.
A number of research analysts have recently weighed in on the company. BidaskClub downgraded Texas Roadhouse from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 12th. Royal Bank of Canada upgraded Texas Roadhouse from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $66.00 to $68.00 in a report on Tuesday, July 31st. BMO Capital Markets lowered their price target on Texas Roadhouse from $64.00 to $62.00 and set a “hold” rating on the stock in a report on Tuesday, July 31st. Stifel Nicolaus lifted their price target on Texas Roadhouse from $68.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, July 12th. Finally, Barclays lowered their price target on Texas Roadhouse from $72.00 to $66.00 and set an “overweight” rating on the stock in a report on Tuesday, July 31st. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company’s stock. Texas Roadhouse has an average rating of “Hold” and an average target price of $64.02.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bruderman Asset Management LLC bought a new stake in shares of Texas Roadhouse during the 2nd quarter worth about $123,000. Cornerstone Wealth Management LLC bought a new stake in shares of Texas Roadhouse during the 2nd quarter worth about $200,000. Eagle Boston Investment Management Inc. bought a new stake in shares of Texas Roadhouse during the 1st quarter worth about $206,000. Zeke Capital Advisors LLC bought a new stake in shares of Texas Roadhouse during the 2nd quarter worth about $209,000. Finally, World Asset Management Inc bought a new stake in shares of Texas Roadhouse during the 2nd quarter worth about $211,000. Institutional investors own 91.45% of the company’s stock.
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 February 20, 2018, it owned and operated approximately 550 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.
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