Texas Roadhouse, Inc. (NASDAQ:TXRH) General Counsel Celia Catlett sold 3,663 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $49.34, for a total transaction of $180,732.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) traded down $0.12 during mid-day trading on Friday, hitting $49.86. 359,549 shares of the stock traded hands, compared to its average volume of 776,667. The firm has a market cap of $3,550.00, a P/E ratio of 26.91, a price-to-earnings-growth ratio of 2.05 and a beta of 0.53. Texas Roadhouse, Inc. has a one year low of $40.28 and a one year high of $53.61. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 0.06.
Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Monday, October 30th. The restaurant operator reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. Texas Roadhouse had a net margin of 5.98% and a return on equity of 15.39%. The business had revenue of $540.50 million during the quarter, compared to the consensus estimate of $538.15 million. During the same quarter last year, the firm posted $0.36 EPS. Texas Roadhouse’s revenue was up 12.2% compared to the same quarter last year. equities analysts expect that Texas Roadhouse, Inc. will post 1.93 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its position in Texas Roadhouse by 1.2% in the 2nd quarter. BlackRock Inc. now owns 6,619,255 shares of the restaurant operator’s stock valued at $337,251,000 after purchasing an additional 76,918 shares during the period. Vanguard Group Inc. grew its position in Texas Roadhouse by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 5,195,450 shares of the restaurant operator’s stock valued at $264,708,000 after purchasing an additional 91,825 shares during the period. State Street Corp grew its position in Texas Roadhouse by 5.1% in the 2nd quarter. State Street Corp now owns 2,221,004 shares of the restaurant operator’s stock valued at $113,158,000 after purchasing an additional 108,401 shares during the period. Janus Henderson Group PLC grew its position in Texas Roadhouse by 332.4% in the 2nd quarter. Janus Henderson Group PLC now owns 1,967,343 shares of the restaurant operator’s stock valued at $100,236,000 after purchasing an additional 1,512,352 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Texas Roadhouse by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,666,230 shares of the restaurant operator’s stock valued at $81,879,000 after purchasing an additional 14,545 shares during the period. 85.63% of the stock is owned by institutional investors and hedge funds.
A number of analysts have weighed in on TXRH shares. Barclays PLC decreased their target price on shares of Texas Roadhouse from $56.00 to $55.00 and set an “overweight” rating for the company in a research report on Wednesday, October 18th. Canaccord Genuity reissued a “hold” rating and set a $51.00 target price on shares of Texas Roadhouse in a research report on Sunday, October 22nd. Maxim Group increased their target price on shares of Texas Roadhouse from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research downgraded shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of Texas Roadhouse in a research report on Tuesday, July 25th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company’s stock. Texas Roadhouse presently has a consensus rating of “Hold” and an average price target of $51.05.
Texas Roadhouse Company Profile
Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.
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