Texas Roadhouse, Inc. (NASDAQ:TXRH) General Counsel Celia Catlett sold 3,663 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $49.34, for a total value of $180,732.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) traded down $0.12 during trading hours on Friday, hitting $49.86. The stock had a trading volume of 359,549 shares, compared to its average volume of 776,667. The company has a market capitalization of $3,550.00, a P/E ratio of 26.91, a P/E/G ratio of 2.05 and a beta of 0.53. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.63 and a current ratio of 0.69. Texas Roadhouse, Inc. has a 1 year low of $40.28 and a 1 year high of $53.61.
Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Monday, October 30th. The restaurant operator reported $0.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.43. The firm had revenue of $540.50 million for the quarter, compared to the consensus estimate of $538.15 million. Texas Roadhouse had a return on equity of 15.39% and a net margin of 5.98%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 earnings per share. sell-side analysts expect that Texas Roadhouse, Inc. will post 1.93 EPS for the current year.
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Hedge funds have recently bought and sold shares of the business. Strs Ohio lifted its holdings in Texas Roadhouse by 13.0% in the second quarter. Strs Ohio now owns 7,800 shares of the restaurant operator’s stock valued at $397,000 after acquiring an additional 900 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Texas Roadhouse by 1.8% in the second quarter. The Manufacturers Life Insurance Company now owns 144,517 shares of the restaurant operator’s stock valued at $7,363,000 after acquiring an additional 2,531 shares during the period. Eaton Vance Management lifted its holdings in Texas Roadhouse by 122.1% in the second quarter. Eaton Vance Management now owns 378,905 shares of the restaurant operator’s stock valued at $19,305,000 after acquiring an additional 208,290 shares during the period. AHL Partners LLP lifted its holdings in Texas Roadhouse by 87.9% in the second quarter. AHL Partners LLP now owns 126,695 shares of the restaurant operator’s stock valued at $6,455,000 after acquiring an additional 59,260 shares during the period. Finally, Advisor Group Inc. lifted its holdings in Texas Roadhouse by 26.8% in the second quarter. Advisor Group Inc. now owns 2,808 shares of the restaurant operator’s stock valued at $143,000 after acquiring an additional 593 shares during the period. 85.63% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently commented on the company. BMO Capital Markets cut their target price on Texas Roadhouse from $58.00 to $57.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 31st. Barclays PLC increased their target price on Texas Roadhouse from $53.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 1st. Maxim Group increased their target price on Texas Roadhouse from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Robert W. Baird reissued a “buy” rating and issued a $56.00 target price on shares of Texas Roadhouse in a research note on Tuesday, September 19th. Finally, BidaskClub cut Texas Roadhouse from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $51.05.
About Texas Roadhouse
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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