Texas Roadhouse President Unloads $829,966 in Stock (TXRH)
Texas Roadhouse (NASDAQ:TXRH) President Scott Matthew Colosi sold 30,992 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $26.78, for a total transaction of $829,965.76. Following the completion of the transaction, the president now directly owns 50,498 shares of the company’s stock, valued at approximately $1,352,336. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Texas Roadhouse (NASDAQ:TXRH) opened at 26.11 on Tuesday. Texas Roadhouse has a 52 week low of $16.90 and a 52 week high of $29.07. The stock’s 50-day moving average is $27.48 and its 200-day moving average is $26.21. The company has a market cap of $1.842 billion and a P/E ratio of 23.95.
Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.25 by $0.01. The company had revenue of $334.80 million for the quarter, compared to the consensus estimate of $338.63 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. Analysts expect that Texas Roadhouse will post $1.13 EPS for the current fiscal year.
A number of research firms have recently commented on TXRH. Analysts at UBS AG initiated coverage on shares of Texas Roadhouse in a research note to investors on Wednesday, January 8th. They set a “neutral” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Texas Roadhouse from $27.00 to $29.00 in a research note to investors on Wednesday, November 20th. They now have an “overweight” rating on the stock. Finally, analysts at Raymond James reiterated a “buy” rating on shares of Texas Roadhouse in a research note to investors on Tuesday, November 12th. They now have a $31.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $28.62.
Texas Roadhouse, Inc (NASDAQ:TXRH) is a full-service restaurant chain.
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