Texas Roadhouse, Inc. (NASDAQ:TXRH) Director James R. Zarley Sells 42,500 Shares

Texas Roadhouse, Inc. (NASDAQ:TXRHGet Rating) Director James R. Zarley sold 42,500 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $97.51, for a total value of $4,144,175.00. Following the transaction, the director now directly owns 32,843 shares in the company, valued at $3,202,520.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Texas Roadhouse Price Performance

Shares of TXRH opened at $99.13 on Thursday. The company has a market cap of $6.63 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 1.76 and a beta of 0.95. Texas Roadhouse, Inc. has a twelve month low of $68.58 and a twelve month high of $101.75. The company has a quick ratio of 0.47, a current ratio of 0.54 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average of $93.88 and a two-hundred day moving average of $86.26.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Shareholders of record on Wednesday, December 7th will be paid a $0.46 dividend. The ex-dividend date is Tuesday, December 6th. This represents a $1.84 annualized dividend and a yield of 1.86%. Texas Roadhouse’s dividend payout ratio (DPR) is 47.92%.

Institutional Investors Weigh In On Texas Roadhouse

Several institutional investors have recently bought and sold shares of TXRH. JPMorgan Chase & Co. boosted its stake in Texas Roadhouse by 55.3% in the second quarter. JPMorgan Chase & Co. now owns 2,186,824 shares of the restaurant operator’s stock valued at $160,075,000 after acquiring an additional 778,961 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Texas Roadhouse by 7.8% during the first quarter. BlackRock Inc. now owns 8,127,535 shares of the restaurant operator’s stock worth $680,519,000 after buying an additional 585,944 shares during the period. Candlestick Capital Management LP purchased a new position in shares of Texas Roadhouse during the first quarter worth $46,866,000. Balyasny Asset Management LLC purchased a new position in shares of Texas Roadhouse during the third quarter worth $47,604,000. Finally, Nordea Investment Management AB raised its holdings in shares of Texas Roadhouse by 23.7% during the second quarter. Nordea Investment Management AB now owns 2,254,678 shares of the restaurant operator’s stock worth $164,163,000 after purchasing an additional 432,008 shares during the last quarter. 97.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TXRH has been the topic of several recent analyst reports. Stephens cut their target price on Texas Roadhouse from $90.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Friday, October 28th. Barclays raised their price target on shares of Texas Roadhouse from $83.00 to $90.00 and gave the company an “equal weight” rating in a research report on Friday, October 28th. Citigroup raised their price target on shares of Texas Roadhouse from $108.00 to $114.00 in a research report on Friday, October 28th. StockNews.com upgraded shares of Texas Roadhouse from a “hold” rating to a “buy” rating in a research note on Thursday, October 20th. Finally, BMO Capital Markets boosted their target price on shares of Texas Roadhouse from $90.00 to $95.00 in a research note on Friday, October 28th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $103.11.

Texas Roadhouse Company Profile

(Get Rating)

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names. As of December 28, 2021, it operated 566 domestic restaurants and 101 franchise restaurants.

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