Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Donna E. Epps Sells 610 Shares of Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Donna E. Epps sold 610 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the transaction, the director now directly owns 3,532 shares of the company’s stock, valued at $691,071.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Texas Roadhouse Stock Performance

Shares of TXRH stock opened at $200.59 on Thursday. The business’s 50 day moving average price is $178.22 and its 200-day moving average price is $171.99. The firm has a market cap of $13.38 billion, a P/E ratio of 34.47, a P/E/G ratio of 1.67 and a beta of 0.98. Texas Roadhouse, Inc. has a fifty-two week low of $107.24 and a fifty-two week high of $201.35.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the firm posted $0.95 EPS. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. As a group, equities analysts predict that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.92%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Ontario Teachers Pension Plan Board bought a new stake in Texas Roadhouse during the first quarter worth about $2,338,000. Sei Investments Co. lifted its holdings in shares of Texas Roadhouse by 31.6% during the first quarter. Sei Investments Co. now owns 73,707 shares of the restaurant operator’s stock valued at $11,385,000 after purchasing an additional 17,691 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Texas Roadhouse by 0.8% during the first quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator’s stock valued at $1,000,356,000 after purchasing an additional 53,419 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Texas Roadhouse by 200.6% in the 2nd quarter. SG Americas Securities LLC now owns 19,067 shares of the restaurant operator’s stock worth $3,274,000 after purchasing an additional 12,725 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of Texas Roadhouse by 71.1% in the 1st quarter. Bessemer Group Inc. now owns 95,623 shares of the restaurant operator’s stock worth $14,771,000 after buying an additional 39,731 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TXRH. Morgan Stanley increased their price target on shares of Texas Roadhouse from $200.00 to $205.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. BMO Capital Markets boosted their price objective on Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. Royal Bank of Canada increased their target price on Texas Roadhouse from $175.00 to $185.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. cut their price objective on Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating for the company in a report on Monday, July 29th. Finally, Robert W. Baird increased their price objective on Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $189.00.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.