Hugh Carroll Sells 650 Shares of Texas Roadhouse (NASDAQ:TXRH) Stock

Key Points

• Director Hugh Carroll sold 650 Texas Roadhouse shares for approximately $132,594 at an average price of $203.99, reducing his holdings by 18.4% to 2,883 shares.
• Texas Roadhouse reported quarterly revenue of $1.68 billion and adjusted earnings of $1.85 per share, narrowly exceeding analyst expectations; revenue increased 11.1% year over year.
• The company declared a quarterly dividend of $0.75 per share, equivalent to a 1.5% yield, while analysts maintain a “Moderate Buy” consensus with an average price target of $208.48.

Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) Director Hugh Carroll sold 650 shares of the company's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $203.99, for a total transaction of $132,593.50. Following the sale, the director owned 2,883 shares of the company's stock, valued at $588,103.17. This trade represents a 18.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock traded down $3.76 during trading on Thursday, reaching $200.12. The company's stock had a trading volume of 633,695 shares, compared to its average volume of 811,906. Texas Roadhouse, Inc. has a one year low of $153.82 and a one year high of $216.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.39 and a current ratio of 0.46. The firm has a market cap of $13.14 billion, a price-to-earnings ratio of 32.02, a price-to-earnings-growth ratio of 2.02 and a beta of 0.79. The business's fifty day moving average price is $197.77 and its 200-day moving average price is $180.63.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 EPS for the quarter, topping the consensus estimate of $1.83 by $0.02. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the business posted $1.86 EPS. The company's revenue for the quarter was up 11.1% on a year-over-year basis. As a group, equities research analysts predict that Texas Roadhouse, Inc. will post 6.63 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, September 1st. Texas Roadhouse's dividend payout ratio is presently 48.00%.

Wall Street Analyst Weigh In

TXRH has been the subject of a number of research analyst reports. UBS Group upped their price objective on shares of Texas Roadhouse from $210.00 to $235.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Stifel Nicolaus lifted their target price on Texas Roadhouse from $170.00 to $180.00 and gave the stock a "hold" rating in a research report on Tuesday, May 12th. Mizuho upped their price target on Texas Roadhouse from $190.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, July 31st. BTIG Research raised their price objective on Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $235.00 price objective on shares of Texas Roadhouse in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $208.48.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ranger Investment Management L.P. acquired a new stake in shares of Texas Roadhouse in the 2nd quarter valued at $21,560,000. Stephens Investment Management Group LLC lifted its stake in shares of Texas Roadhouse by 98.2% during the fourth quarter. Stephens Investment Management Group LLC now owns 370,225 shares of the restaurant operator's stock valued at $61,457,000 after acquiring an additional 183,422 shares during the period. Callan Family Office LLC bought a new position in Texas Roadhouse in the second quarter valued at about $1,449,000. Jefferies Financial Group Inc. bought a new position in Texas Roadhouse in the fourth quarter valued at about $977,000. Finally, J. Goldman & Co LP acquired a new stake in Texas Roadhouse in the second quarter worth about $10,434,000. Institutional investors own 94.82% of the company's stock.

About Texas Roadhouse

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.

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