Texas Roadhouse, Inc. (NASDAQ:TXRH – Get Rating) CEO Gerald L. Morgan sold 3,338 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $90.01, for a total value of $300,453.38. Following the transaction, the chief executive officer now owns 87,874 shares of the company’s stock, valued at $7,909,538.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Texas Roadhouse Trading Down 1.4 %

Texas Roadhouse stock traded down $1.28 during mid-day trading on Friday, hitting $88.39. The stock had a trading volume of 599,420 shares, compared to its average volume of 1,168,135. The stock has a 50-day simple moving average of $79.31 and a two-hundred day simple moving average of $81.63. The stock has a market capitalization of $6.03 billion, a PE ratio of 24.15, a P/E/G ratio of 1.68 and a beta of 0.99. Texas Roadhouse, Inc. has a 12 month low of $68.58 and a 12 month high of $97.43. The company has a current ratio of 0.24, a quick ratio of 0.73 and a debt-to-equity ratio of 0.08.

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Texas Roadhouse (NASDAQ:TXRH – Get Rating) last posted its quarterly earnings results on Thursday, July 28th. The restaurant operator reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.04. Texas Roadhouse had a return on equity of 24.45% and a net margin of 6.71%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the business earned $1.08 earnings per share. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Texas Roadhouse, Inc. will post 3.84 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 24th. Stockholders of record on Wednesday, June 8th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend was Tuesday, June 7th. Texas Roadhouse’s dividend payout ratio is currently 50.27%.

Institutional Investors Weigh In On Texas Roadhouse

Hedge funds have recently modified their holdings of the business. Inspire Investing LLC acquired a new stake in shares of Texas Roadhouse during the first quarter worth about $236,000. Assenagon Asset Management S.A. acquired a new stake in shares of Texas Roadhouse during the fourth quarter worth about $3,968,000. Yousif Capital Management LLC acquired a new stake in shares of Texas Roadhouse during the fourth quarter worth about $2,529,000. ProShare Advisors LLC raised its position in Texas Roadhouse by 55.3% in the 4th quarter. ProShare Advisors LLC now owns 21,926 shares of the restaurant operator’s stock valued at $1,958,000 after buying an additional 7,806 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its position in Texas Roadhouse by 17.0% in the 4th quarter. Nuveen Asset Management LLC now owns 710,436 shares of the restaurant operator’s stock valued at $63,428,000 after buying an additional 103,313 shares during the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on TXRH shares. Northcoast Research started coverage on Texas Roadhouse in a report on Wednesday, May 4th. They set a “buy” rating and a $108.00 price target for the company. Deutsche Bank Aktiengesellschaft upped their price target on Texas Roadhouse from $91.00 to $97.00 in a report on Friday, July 29th. UBS Group cut their target price on Texas Roadhouse from $108.00 to $104.00 in a research note on Tuesday, July 26th. BMO Capital Markets cut their target price on Texas Roadhouse from $95.00 to $90.00 in a research note on Friday, May 6th. Finally, Citigroup cut their target price on Texas Roadhouse from $107.00 to $103.00 and set a “buy” rating for the company in a research note on Thursday, June 16th. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $101.91.

About Texas Roadhouse

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Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises restaurants under the Texas Roadhouse, Bubba’s 33, and Jaggers names. As of December 28, 2021, it operated 566 domestic restaurants and 101 franchise restaurants.

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