Texas Roadhouse, Inc. (NASDAQ:TXRH – Get Rating) CEO Gerald L. Morgan sold 2,500 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $115.00, for a total transaction of $287,500.00. Following the transaction, the chief executive officer now owns 94,824 shares in the company, valued at $10,904,760. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Texas Roadhouse Price Performance
Texas Roadhouse stock opened at $113.62 on Friday. The firm has a market cap of $7.61 billion, a price-to-earnings ratio of 27.25, a P/E/G ratio of 1.47 and a beta of 0.95. The firm has a fifty day moving average price of $108.64 and a two-hundred day moving average price of $102.56. Texas Roadhouse, Inc. has a fifty-two week low of $68.58 and a fifty-two week high of $116.72.
Texas Roadhouse (NASDAQ:TXRH – Get Rating) last posted its quarterly earnings data on Thursday, May 4th. The restaurant operator reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.11). The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. Texas Roadhouse had a return on equity of 27.79% and a net margin of 6.69%. Texas Roadhouse’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.08 EPS. As a group, sell-side analysts expect that Texas Roadhouse, Inc. will post 4.66 earnings per share for the current year.
Texas Roadhouse Dividend Announcement
Analyst Ratings Changes
Several research firms recently weighed in on TXRH. Robert W. Baird upped their price target on Texas Roadhouse from $105.00 to $112.00 in a research report on Friday, May 5th. Stephens raised their price target on shares of Texas Roadhouse from $86.00 to $100.00 and gave the stock an “equal weight” rating in a report on Friday, February 17th. Bank of America upped their price objective on shares of Texas Roadhouse from $124.00 to $125.00 in a research note on Wednesday, April 19th. Royal Bank of Canada decreased their target price on shares of Texas Roadhouse from $102.00 to $101.00 and set a “sector perform” rating for the company in a research note on Friday, February 17th. Finally, BTIG Research upped their price target on shares of Texas Roadhouse from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, April 4th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $112.44.
Institutional Trading of Texas Roadhouse
Institutional investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. lifted its position in Texas Roadhouse by 14.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 8,983 shares of the restaurant operator’s stock worth $752,000 after purchasing an additional 1,156 shares during the period. Natixis Advisors L.P. boosted its position in shares of Texas Roadhouse by 11.4% during the 1st quarter. Natixis Advisors L.P. now owns 19,852 shares of the restaurant operator’s stock valued at $1,662,000 after acquiring an additional 2,029 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Texas Roadhouse in the first quarter valued at about $241,000. Rhumbline Advisers raised its position in Texas Roadhouse by 3.3% in the first quarter. Rhumbline Advisers now owns 193,677 shares of the restaurant operator’s stock worth $16,217,000 after purchasing an additional 6,116 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Texas Roadhouse by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,524 shares of the restaurant operator’s stock worth $2,137,000 after purchasing an additional 2,433 shares during the period. Institutional investors and hedge funds own 97.52% of the company’s stock.
Texas Roadhouse Company Profile
Texas Roadhouse, Inc is a full-service, casual dining restaurant chain, which offers assorted seasoned and aged steaks hand-cut daily on the premises and cooked to order over open gas-fired grills. It operates restaurants under the Texas Roadhouse and Aspen Creek names. The firm also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, an assortment of hamburgers, salads and sandwiches.
- Get a free copy of the StockNews.com research report on Texas Roadhouse (TXRH)
- MarketBeat Week in Review – 5/15 – 5/19
- Applied Materials: Cracks In The Chip Recovery Or Time To Buy?
- Deere & Company Rallies On Farm Equipment Boom, Bullish Outlook
- How Many Roth IRAs Can You Have?
- Why You Should Consider Buying Nvidia Ahead Of Earnings
Receive News & Ratings for Texas Roadhouse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Roadhouse and related companies with MarketBeat.com's FREE daily email newsletter.