Texas Roadhouse (NASDAQ:TXRH) General Counsel Sean Renfroe Sells 426 Shares

Texas Roadhouse, Inc. (NASDAQ:TXRH) General Counsel Sean Renfroe sold 426 shares of Texas Roadhouse stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $192.53, for a total transaction of $82,017.78. Following the completion of the transaction, the general counsel directly owned 860 shares of the company’s stock, valued at approximately $165,575.80. This represents a 33.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Texas Roadhouse Trading Down 4.3%

Texas Roadhouse stock opened at $186.01 on Tuesday. The firm’s 50-day moving average is $175.32 and its 200-day moving average is $175.34. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.40 and a current ratio of 0.46. Texas Roadhouse, Inc. has a 1 year low of $153.82 and a 1 year high of $197.00. The company has a market cap of $12.23 billion, a P/E ratio of 29.71, a PEG ratio of 2.12 and a beta of 0.78.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.07. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.70 EPS. On average, equities analysts expect that Texas Roadhouse, Inc. will post 6.42 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 2nd were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, June 2nd. Texas Roadhouse’s dividend payout ratio is presently 47.92%.

Hedge Funds Weigh In On Texas Roadhouse

Several large investors have recently bought and sold shares of the stock. Elyxium Wealth LLC bought a new stake in shares of Texas Roadhouse during the 4th quarter worth about $25,000. Basecamp Wealth Advisors LLC increased its stake in shares of Texas Roadhouse by 5,033.3% during the first quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 151 shares during the period. Princeton Global Asset Management LLC bought a new stake in shares of Texas Roadhouse in the 4th quarter worth $31,000. Measured Wealth Private Client Group LLC bought a new stake in Texas Roadhouse in the third quarter worth about $33,000. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in Texas Roadhouse during the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Analysts Set New Price Targets

TXRH has been the subject of a number of analyst reports. TD Cowen boosted their price objective on Texas Roadhouse from $192.00 to $205.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Wells Fargo & Company cut their target price on Texas Roadhouse from $220.00 to $200.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Morgan Stanley reissued an “overweight” rating and set a $201.00 price target on shares of Texas Roadhouse in a report on Friday, May 8th. Piper Sandler increased their price objective on shares of Texas Roadhouse from $190.00 to $192.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $200.00 target price on shares of Texas Roadhouse in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $196.36.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.