Insider Selling: Texas Roadhouse, Inc. (TXRH) CEO Sells 200,000 Shares of Stock
Texas Roadhouse, Inc. (NASDAQ:TXRH) CEO Wayne Kent Taylor sold 200,000 shares of the stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $51.09, for a total transaction of $10,218,000.00. Following the completion of the sale, the chief executive officer now directly owns 3,908,231 shares in the company, valued at approximately $199,671,521.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Texas Roadhouse, Inc. (NASDAQ:TXRH) traded up $0.63 during trading hours on Monday, hitting $51.46. 767,700 shares of the stock traded hands, compared to its average volume of 765,698. Texas Roadhouse, Inc. has a one year low of $40.28 and a one year high of $53.61. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.63 and a current ratio of 0.69. The company has a market cap of $3,659.11, a price-to-earnings ratio of 27.67, a price-to-earnings-growth ratio of 2.10 and a beta of 0.52.
Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Monday, October 30th. The restaurant operator reported $0.43 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. Texas Roadhouse had a net margin of 5.73% and a return on equity of 16.71%. The company had revenue of $540.50 million during the quarter, compared to analyst estimates of $538.15 million. During the same quarter last year, the firm posted $0.36 EPS. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. equities analysts forecast that Texas Roadhouse, Inc. will post 1.93 earnings per share for the current year.
Several large investors have recently bought and sold shares of TXRH. Bank of Montreal Can lifted its stake in Texas Roadhouse by 6,112.9% during the second quarter. Bank of Montreal Can now owns 27,399 shares of the restaurant operator’s stock valued at $1,396,000 after buying an additional 26,958 shares in the last quarter. Creative Planning lifted its stake in Texas Roadhouse by 11.2% during the second quarter. Creative Planning now owns 2,223 shares of the restaurant operator’s stock valued at $113,000 after buying an additional 224 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Texas Roadhouse by 179.1% during the second quarter. Russell Investments Group Ltd. now owns 43,160 shares of the restaurant operator’s stock valued at $2,199,000 after buying an additional 27,697 shares in the last quarter. Strs Ohio lifted its stake in Texas Roadhouse by 13.0% during the second quarter. Strs Ohio now owns 7,800 shares of the restaurant operator’s stock valued at $397,000 after buying an additional 900 shares in the last quarter. Finally, NGAM Advisors L.P. lifted its stake in Texas Roadhouse by 4.5% during the second quarter. NGAM Advisors L.P. now owns 27,341 shares of the restaurant operator’s stock valued at $1,393,000 after buying an additional 1,177 shares in the last quarter. Institutional investors own 86.01% of the company’s stock.
A number of analysts recently weighed in on TXRH shares. Maxim Group increased their price objective on shares of Texas Roadhouse from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Barclays dropped their price objective on shares of Texas Roadhouse from $56.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday, October 18th. Canaccord Genuity reaffirmed a “hold” rating and issued a $51.00 price objective on shares of Texas Roadhouse in a report on Sunday, October 22nd. Zacks Investment Research lowered shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $56.00 target price on shares of Texas Roadhouse in a research report on Friday, October 20th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $51.05.
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Texas Roadhouse Company Profile
Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.
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