Insider Selling: Texas Roadhouse (NASDAQ:TXRH) Director Sells 1,316 Shares of Stock

Key Points

• Director Curtis Warfield sold 1,316 shares for about $250,290 at an average price of $190.19, reducing his holdings by 24.55% to 4,045 shares.
• Texas Roadhouse reported quarterly EPS of $1.36, below the $1.46 consensus, and revenue of $1.57 billion versus expectations of $1.58 billion; revenue nevertheless rose 9.5% year over year.
• The company declared a quarterly dividend of $0.75 per share, equivalent to a 1.6% yield. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $208.04.

Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) Director Curtis Warfield sold 1,316 shares of the firm's stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $190.19, for a total value of $250,290.04. Following the completion of the sale, the director owned 4,045 shares of the company's stock, valued at approximately $769,318.55. This represents a 24.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Texas Roadhouse Trading Down 1.3%

NASDAQ TXRH traded down $2.37 on Thursday, hitting $185.99. 673,519 shares of the stock were exchanged, compared to its average volume of 1,085,710. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.39 and a current ratio of 0.38. Texas Roadhouse, Inc. has a 52-week low of $153.82 and a 52-week high of $216.30. The firm has a market capitalization of $12.21 billion, a P/E ratio of 29.24, a P/E/G ratio of 2.16 and a beta of 0.81. The stock has a fifty day moving average price of $172.35 and a two-hundred day moving average price of $179.03.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its earnings results on Thursday, November 5th. The restaurant operator reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.10). The firm had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.58 billion. Texas Roadhouse had a net margin of 6.59% and a return on equity of 27.01%. The company's revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.25 EPS. Research analysts forecast that Texas Roadhouse, Inc. will post 6.37 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 29th. Investors of record on Tuesday, December 1st will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, December 1st. Texas Roadhouse's dividend payout ratio is presently 47.17%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TXRH shares. TD Cowen raised their price objective on shares of Texas Roadhouse from $195.00 to $213.00 and gave the stock a "buy" rating in a research note on Friday, November 6th. Jefferies Financial Group raised Texas Roadhouse from a "hold" rating to a "buy" rating and upped their target price for the company from $186.00 to $190.00 in a research note on Wednesday, October 14th. UBS Group increased their price target on Texas Roadhouse from $210.00 to $235.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. BMO Capital Markets reiterated a "market perform" rating and issued a $190.00 price target on shares of Texas Roadhouse in a report on Friday, November 6th. Finally, Benchmark raised Texas Roadhouse from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $208.04.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in Texas Roadhouse in the 2nd quarter valued at about $1,273,173,000. Wellington Management Group LLP increased its position in shares of Texas Roadhouse by 8.4% during the second quarter. Wellington Management Group LLP now owns 1,541,791 shares of the restaurant operator's stock worth $297,920,000 after acquiring an additional 119,803 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Texas Roadhouse by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 864,006 shares of the restaurant operator's stock valued at $142,670,000 after acquiring an additional 34,385 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Texas Roadhouse by 38.1% during the first quarter. Bessemer Group Inc. now owns 732,411 shares of the restaurant operator's stock valued at $120,951,000 after acquiring an additional 202,241 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of Texas Roadhouse during the second quarter valued at approximately $113,993,000. Hedge funds and other institutional investors own 94.82% of the company's stock.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc. operates and franchises casual dining restaurants under the Texas Roadhouse, Bubba's 33 and Jaggers brands. Its restaurants are known for a lively atmosphere and made-from-scratch food. The Texas Roadhouse menu features hand-cut steaks, ribs, chicken, seafood and made-from-scratch sides, along with freshly baked bread. Bubba's 33 offers a sports-bar setting with items such as burgers, pizza and wings, while Jaggers focuses on burgers, chicken sandwiches and salads. Founded in 1993 in Clarksville, Indiana, Texas Roadhouse is headquartered in Louisville, Kentucky.

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