Donna E. Epps Sells 610 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Donna E. Epps sold 610 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the sale, the director now directly owns 3,532 shares of the company’s stock, valued at approximately $691,071.12. The trade was a 14.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Texas Roadhouse Trading Down 0.8 %

Shares of Texas Roadhouse stock opened at $198.91 on Friday. The stock’s fifty day moving average price is $178.88 and its 200-day moving average price is $172.19. Texas Roadhouse, Inc. has a 12 month low of $109.13 and a 12 month high of $203.32. The firm has a market cap of $13.27 billion, a P/E ratio of 34.18, a P/E/G ratio of 1.71 and a beta of 0.98.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.06). The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The business’s revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.95 EPS. Analysts forecast that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio is presently 41.92%.

Hedge Funds Weigh In On Texas Roadhouse

Institutional investors have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Texas Roadhouse during the 2nd quarter worth about $25,000. Hollencrest Capital Management acquired a new stake in shares of Texas Roadhouse in the second quarter valued at approximately $25,000. LRI Investments LLC acquired a new stake in shares of Texas Roadhouse in the 1st quarter worth $25,000. True Wealth Design LLC purchased a new position in Texas Roadhouse during the third quarter worth about $30,000. Finally, McClarren Financial Advisors Inc. lifted its holdings in Texas Roadhouse by 4,175.0% in the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TXRH shares. Guggenheim lifted their price target on shares of Texas Roadhouse from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Stephens boosted their price target on Texas Roadhouse from $170.00 to $176.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Bank of America upped their price target on Texas Roadhouse from $206.00 to $234.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Evercore ISI lifted their target price on Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Finally, BMO Capital Markets increased their price target on Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Texas Roadhouse presently has a consensus rating of “Hold” and an average target price of $189.00.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.