Texas Roadhouse (NASDAQ:TXRH) Director Sells $169,379.20 in Stock

Key Points

• Director Donna Epps sold 820 Texas Roadhouse shares for $169,379.20, reducing her direct ownership by 16.87% to 4,042 shares.
• TXRH shares fell 0.2% to $202.93, while the company’s latest quarterly results modestly exceeded expectations, with EPS of $1.85 and revenue of $1.68 billion, up 11.1% year over year.
• Texas Roadhouse declared a quarterly dividend of $0.75 per share, equivalent to a 1.5% yield; analysts maintain a consensus “Hold” rating with an average price target of $208.48.

Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) Director Donna Epps sold 820 shares of Texas Roadhouse stock in a transaction on Monday, August 17th. The stock was sold at an average price of $206.56, for a total transaction of $169,379.20. Following the completion of the transaction, the director directly owned 4,042 shares in the company, valued at $834,915.52. This represents a 16.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Texas Roadhouse Stock Down 0.2%

Shares of TXRH traded down $0.46 during midday trading on Wednesday, hitting $202.93. 679,071 shares of the company's stock traded hands, compared to its average volume of 859,233. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $13.32 billion, a price-to-earnings ratio of 32.47, a price-to-earnings-growth ratio of 2.01 and a beta of 0.79. Texas Roadhouse, Inc. has a 1 year low of $153.82 and a 1 year high of $216.30. The firm's fifty day moving average is $193.86 and its 200-day moving average is $179.86.

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

Texas Roadhouse Announces Dividend

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

Analysts Set New Price Targets

TXRH has been the topic of a number of recent analyst reports. Benchmark restated a "hold" rating on shares of Texas Roadhouse in a research note on Monday, August 10th. Barclays reduced their target price on Texas Roadhouse from $188.00 to $175.00 and set an "equal weight" rating for the company in a research note on Friday, May 8th. BMO Capital Markets lifted their price target on Texas Roadhouse from $165.00 to $180.00 and gave the stock a "market perform" rating in a research report on Thursday, May 21st. Morgan Stanley reissued an "overweight" rating and issued a $212.00 price objective on shares of Texas Roadhouse in a report on Friday, August 7th. Finally, Stifel Nicolaus lifted their target price on Texas Roadhouse from $170.00 to $180.00 and gave the stock a "hold" rating in a report on Tuesday, May 12th. Ten equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $208.48.

Institutional Trading of Texas Roadhouse

Several institutional investors have recently bought and sold shares of TXRH. Stephens Investment Management Group LLC increased its position in 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 worth $61,457,000 after purchasing an additional 183,422 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in Texas Roadhouse in the 4th quarter valued at about $977,000. Amica Mutual Insurance Co. acquired a new position in Texas Roadhouse in the 4th quarter valued at about $989,000. Geode Capital Management LLC grew its stake in shares of Texas Roadhouse by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,367,120 shares of the restaurant operator's stock valued at $226,984,000 after buying an additional 24,834 shares during the period. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Texas Roadhouse in the 4th quarter valued at approximately $29,714,000. 94.82% of the stock is owned by institutional investors and hedge funds.

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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