Texas Roadhouse Inc (TXRH) Insider S. Chris Jacobsen Sells 1,000 Shares
Texas Roadhouse Inc (NASDAQ:TXRH) insider S. Chris Jacobsen sold 1,000 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $57.96, for a total transaction of $57,960.00. Following the transaction, the insider now owns 18,033 shares in the company, valued at approximately $1,045,192.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
S. Chris Jacobsen also recently made the following trade(s):
- On Tuesday, January 9th, S. Chris Jacobsen sold 2,500 shares of Texas Roadhouse stock. The shares were sold at an average price of $56.50, for a total transaction of $141,250.00.
Shares of Texas Roadhouse Inc (NASDAQ TXRH) traded down $1.11 during mid-day trading on Tuesday, reaching $57.13. 736,909 shares of the company’s stock were exchanged, compared to its average volume of 840,150. Texas Roadhouse Inc has a twelve month low of $40.28 and a twelve month high of $58.87. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 0.06. The company has a market cap of $4,060.00, a P/E ratio of 33.02, a price-to-earnings-growth ratio of 2.09 and a beta of 0.52.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Wednesday, December 13th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Tuesday, December 12th. Texas Roadhouse’s dividend payout ratio is currently 48.55%.
Several institutional investors have recently added to or reduced their stakes in TXRH. Janus Henderson Group PLC grew its position in shares of Texas Roadhouse by 332.4% during the 2nd quarter. Janus Henderson Group PLC now owns 1,967,343 shares of the restaurant operator’s stock valued at $100,236,000 after acquiring an additional 1,512,352 shares during the period. FMR LLC grew its position in shares of Texas Roadhouse by 130.5% during the 2nd quarter. FMR LLC now owns 1,400,306 shares of the restaurant operator’s stock valued at $71,346,000 after acquiring an additional 792,906 shares during the period. Lord Abbett & CO. LLC bought a new position in shares of Texas Roadhouse during the 2nd quarter valued at approximately $37,869,000. Teachers Advisors LLC grew its position in shares of Texas Roadhouse by 290.1% during the 2nd quarter. Teachers Advisors LLC now owns 444,776 shares of the restaurant operator’s stock valued at $22,661,000 after acquiring an additional 330,759 shares during the period. Finally, Renaissance Technologies LLC bought a new position in shares of Texas Roadhouse during the 2nd quarter valued at approximately $13,964,000. 85.95% of the stock is owned by hedge funds and other institutional investors.
TXRH has been the topic of a number of analyst reports. Jefferies Group upgraded shares of Texas Roadhouse from an “underperform” rating to a “hold” rating and upped their target price for the stock from $41.00 to $50.00 in a report on Saturday, December 30th. Zacks Investment Research lowered shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Barclays lowered their target price 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. Maxim Group upped their target price 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. Finally, Telsey Advisory Group upped their target price on shares of Texas Roadhouse from $54.00 to $58.00 and gave the stock a “market perform” rating in a report on Thursday, December 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $53.75.
About Texas Roadhouse
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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