Texas Roadhouse, Inc. (TXRH) CEO Wayne Kent Taylor Sells 200,000 Shares of Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) CEO Wayne Kent Taylor sold 200,000 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $51.09, for a total transaction of $10,218,000.00. Following the sale, the chief executive officer now owns 3,908,231 shares of the company’s stock, valued at approximately $199,671,521.79. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) opened at $50.89 on Tuesday. Texas Roadhouse, Inc. has a one year low of $40.28 and a one year high of $53.61. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 0.06. The stock has a market cap of $3,659.11, a price-to-earnings ratio of 27.67, a PEG ratio of 2.10 and a beta of 0.52.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Monday, October 30th. The restaurant operator reported $0.43 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. The company had revenue of $540.50 million during 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 firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.36 earnings per share. research analysts expect that Texas Roadhouse, Inc. will post 1.93 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Wednesday, December 13th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.84 annualized dividend and a yield of 1.65%. Texas Roadhouse’s payout ratio is currently 48.56%.

A number of analysts have commented on the stock. Oppenheimer restated a “hold” rating on shares of Texas Roadhouse in a research note on Tuesday, October 31st. BMO Capital Markets decreased their price target on shares of Texas Roadhouse from $58.00 to $57.00 and set an “outperform” rating for the company in a research note on Tuesday, October 31st. Maxim Group boosted their price target on shares of Texas Roadhouse from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. Canaccord Genuity reiterated a “hold” rating and issued a $51.00 target price on shares of Texas Roadhouse in a research note on Sunday, October 22nd. Finally, Robert W. Baird reiterated a “buy” rating and issued a $56.00 target price on shares of Texas Roadhouse in a research note on Friday, October 20th. Three 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 company’s stock. Texas Roadhouse currently has a consensus rating of “Hold” and a consensus target price of $51.05.

A number of institutional investors and hedge funds have recently bought and sold shares of TXRH. Bank of Montreal Can grew its position in Texas Roadhouse by 6,112.9% during the second quarter. Bank of Montreal Can now owns 27,399 shares of the restaurant operator’s stock valued at $1,396,000 after buying an additional 26,958 shares during the period. Creative Planning lifted its holdings in Texas Roadhouse by 11.2% during the second quarter. Creative Planning now owns 2,223 shares of the restaurant operator’s stock valued at $113,000 after purchasing an additional 224 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Texas Roadhouse by 179.1% during the second quarter. Russell Investments Group Ltd. now owns 43,160 shares of the restaurant operator’s stock valued at $2,199,000 after purchasing an additional 27,697 shares during the last quarter. Strs Ohio lifted its holdings in Texas Roadhouse by 13.0% during the second quarter. Strs Ohio now owns 7,800 shares of the restaurant operator’s stock valued at $397,000 after purchasing an additional 900 shares during the last quarter. Finally, NGAM Advisors L.P. lifted its holdings in Texas Roadhouse by 4.5% during the second quarter. NGAM Advisors L.P. now owns 27,341 shares of the restaurant operator’s stock valued at $1,393,000 after purchasing an additional 1,177 shares during the last quarter. Institutional investors own 86.01% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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