Texas Roadhouse, Inc. (NASDAQ:TXRH) CEO Sells $287,500.00 in Stock

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Wednesday, June 7th will be given a $0.55 dividend. The ex-dividend date is Tuesday, June 6th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.94%. Texas Roadhouse’s dividend payout ratio is currently 52.76%.

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

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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.