Skip to main content

Texas Roadhouse Sees Unusually Large Options Volume (NASDAQ:TXRH)

Tuesday, May 4, 2021 | MarketBeat

Texas Roadhouse, Inc. (NASDAQ:TXRH) was the target of unusually large options trading on Monday. Traders bought 820 put options on the company. This represents an increase of approximately 1,008% compared to the typical daily volume of 74 put options.

Shares of Texas Roadhouse stock opened at $107.41 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.01 and a quick ratio of 0.96. Texas Roadhouse has a 1 year low of $41.68 and a 1 year high of $110.75. The company has a market capitalization of $7.48 billion, a P/E ratio of 137.71, a P/E/G ratio of 3.10 and a beta of 1.00. The business has a 50 day moving average price of $98.14 and a 200 day moving average price of $84.59.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, April 29th. The restaurant operator reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.59 by $0.32. Texas Roadhouse had a return on equity of 5.97% and a net margin of 2.19%. As a group, research analysts expect that Texas Roadhouse will post 0.68 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 4th. Investors of record on Wednesday, May 19th will be given a dividend of $0.40 per share. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Tuesday, May 18th.

Several equities analysts recently issued reports on TXRH shares. Credit Suisse Group boosted their price target on Texas Roadhouse from $90.00 to $95.00 and gave the company an "outperform" rating in a research report on Monday, March 1st. Barclays boosted their price target on Texas Roadhouse from $79.00 to $84.00 and gave the company an "equal weight" rating in a research report on Thursday, February 25th. Raymond James lifted their price objective on Texas Roadhouse from $108.00 to $120.00 and gave the company a "strong-buy" rating in a report on Friday. Truist Securities lifted their price objective on Texas Roadhouse from $100.00 to $124.00 and gave the company a "buy" rating in a report on Friday. Finally, The Goldman Sachs Group began coverage on Texas Roadhouse in a report on Tuesday, January 19th. They issued a "neutral" rating and a $79.00 price objective on the stock. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of "Hold" and an average price target of $141.29.

In related news, CEO Wayne Kent Taylor sold 70,000 shares of the business's stock in a transaction dated Monday, March 15th. The stock was sold at an average price of $98.40, for a total value of $6,888,000.00. Following the transaction, the chief executive officer now owns 3,036,295 shares in the company, valued at approximately $298,771,428. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Curtis Warfield sold 2,688 shares of the business's stock in a transaction dated Monday, March 1st. The shares were sold at an average price of $92.82, for a total value of $249,500.16. Following the completion of the transaction, the director now owns 6,875 shares in the company, valued at approximately $638,137.50. The disclosure for this sale can be found here. Insiders have sold 109,071 shares of company stock worth $10,386,397 in the last quarter. Insiders own 6.16% of the company's stock.

Institutional investors have recently modified their holdings of the stock. JJJ Advisors Inc. raised its position in shares of Texas Roadhouse by 37.8% during the 1st quarter. JJJ Advisors Inc. now owns 405 shares of the restaurant operator's stock worth $39,000 after purchasing an additional 111 shares during the last quarter. Exane Derivatives acquired a new position in Texas Roadhouse in the first quarter valued at $46,000. Endurance Wealth Management Inc. purchased a new position in Texas Roadhouse during the fourth quarter worth about $55,000. James Investment Research Inc. acquired a new stake in Texas Roadhouse in the 4th quarter worth about $70,000. Finally, Montag A & Associates Inc. acquired a new stake in Texas Roadhouse in the 4th quarter worth about $94,000. Hedge funds and other institutional investors own 91.73% of the company's stock.

About Texas Roadhouse

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of December 29, 2020, it operated 537 domestic restaurants and 97 franchise restaurants.

Read More: What are convertible shares? 

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: What is the Moving Average Convergence Divergence (MACD) oscillator?

7 Forever Stocks That Are Never Bad to Buy

Investors thought 2021 would be a less volatile year. That narrative has run into some problems. Sure, all the major indexes are up for the year. And that’s despite the NASDAQ’s gut-wrenching 10% drop in March.

But many investors don’t feel much like celebrating. In fact, many are concerned about the liquidity that continues to be pumped into the stock market. In 2020, the pandemic flooded the economy with $6 trillion dollars of stimulus.

However, in the last few months, the Federal Reserve has introduced another $6 trillion into the economy. We would have stopped counting, but the math is pretty easy. It’s $12.3 trillion that has flooded into the economy.

Eventually, this is going to end badly. But timing the market is an imperfect science particularly when many investors are enjoying the game.

Fortunately, there’s a way to safeguard your portfolio without abandoning equities. That has to do with investing in forever stocks. Forever stocks aren’t magic beans. They don’t go up forever. But they are stocks that have stood the test of time. And investing in these stocks will keep your portfolio heading in the right direction.

With that in mind, we’ve put together this special presentation that showcases seven of these forever stocks. These are all stocks that are household names, but that’s kind of the point. You don’t need special knowledge. You just have to recognize that these are companies that consistently do right by their shareholders.

View the "7 Forever Stocks That Are Never Bad to Buy".

MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.