Texas Roadhouse, Inc. (NASDAQ:TXRH) General Counsel Celia Catlett sold 3,663 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $49.34, for a total transaction of $180,732.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Texas Roadhouse, Inc. (TXRH) traded up $0.79 during mid-day trading on Wednesday, reaching $50.06. 564,300 shares of the company’s stock traded hands, compared to its average volume of 779,133. The company has a market capitalization of $3,503.39, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 2.02 and a beta of 0.53. 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, Inc. has a twelve month low of $40.28 and a twelve month high of $53.61.
Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Monday, October 30th. The restaurant operator reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. The business had revenue of $540.50 million for the quarter, compared to analyst estimates of $538.15 million. Texas Roadhouse had a net margin of 5.73% and a return on equity of 16.71%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 earnings per share. analysts expect that Texas Roadhouse, Inc. will post 1.93 earnings per share for the current year.
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A number of research analysts have weighed in on the stock. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Texas Roadhouse in a research note on Tuesday, July 25th. BMO Capital Markets reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Texas Roadhouse in a research note on Wednesday, August 2nd. Barclays PLC raised their price target on shares of Texas Roadhouse from $53.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, August 1st. Zacks Investment Research raised shares of Texas Roadhouse from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Friday, July 21st. Finally, Robert W. Baird reissued a “buy” rating and set a $56.00 price target on shares of Texas Roadhouse in a research report on Tuesday, September 19th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. Texas Roadhouse has an average rating of “Hold” and an average target price of $51.05.
Several institutional investors and hedge funds have recently bought and sold shares of TXRH. Janus Henderson Group PLC increased its stake in shares of Texas Roadhouse by 332.4% in the second quarter. Janus Henderson Group PLC now owns 1,967,343 shares of the restaurant operator’s stock worth $100,236,000 after purchasing an additional 1,512,352 shares in the last quarter. FMR LLC increased its stake in shares of Texas Roadhouse by 130.5% in the second quarter. FMR LLC now owns 1,400,306 shares of the restaurant operator’s stock worth $71,346,000 after purchasing an additional 792,906 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Texas Roadhouse in the second quarter worth about $37,869,000. Hodges Capital Management Inc. increased its stake in shares of Texas Roadhouse by 6,426.2% in the second quarter. Hodges Capital Management Inc. now owns 409,586 shares of the restaurant operator’s stock worth $20,868,000 after purchasing an additional 403,310 shares in the last quarter. Finally, Teachers Advisors LLC increased its stake in shares of Texas Roadhouse by 290.1% in the second quarter. Teachers Advisors LLC now owns 444,776 shares of the restaurant operator’s stock worth $22,661,000 after purchasing an additional 330,759 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.
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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