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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.

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