Stocks of Texas Roadhouse Inc. (NASDAQ:TXRH) traded higher last session on Wall Street, down -0.32% to $104.52.
TXRH stock price is now 4.45% away from the 50-day moving average and 14.57% away from the 200-day moving average. The market capitalization of the company currently stands at $7.02B.
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On February 17, 2023, Stifel Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $110 to quote $105, while ‘Raymond James’ rates the stock as ‘Outperform’.
In other news, Tobin Regina A., PRESIDENT sold 2,215 shares of the company’s stock on Feb 24. The stock was sold for $230,006 at an average price of $103.84. Upon completion of the transaction, the PRESIDENT now directly owns 13,248 shares in the company, valued at $1.38 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 21, Director Warfield Curtis sold 4,500 shares of the business’s stock. A total of $471,330 was realized by selling the stock at an average price of $104.74. This leaves the insider owning 13,362 shares of the company worth $1.4 million. Insiders disposed of 105,139 shares of company stock worth roughly $10.99 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TXRH stock. A new stake in Texas Roadhouse Inc. shares was purchased by ABRDN PLC during the first quarter worth $25,256,000. MARSHALL WACE, LLP invested $15,140,000 in shares of TXRH during the first quarter. In the first quarter, T. ROWE PRICE INVESTMENT MANAGEMENT, INC. acquired a new stake in Texas Roadhouse Inc. valued at approximately $7,625,000. HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND acquired a new stake in TXRH for approximately $5,853,000. MORAN WEALTH MANAGEMENT, LLC purchased a new stake in TXRH valued at around $5,469,000 in the second quarter.
Tuesday’s opening bell rang with an opening price of $104.59 for Texas Roadhouse Inc. (NASDAQ: TXRH). During the past 12 months, Texas Roadhouse Inc. has had a low of $68.58 and a high of $107.31. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 0.60, and a quick ratio of 0.60. The fifty day moving average price for TXRH is $100.06 and a two-hundred day moving average price translates $91.23 for the stock.
The latest earnings results from Texas Roadhouse Inc. (NASDAQ: TXRH) was released for Sep, 2022. According to the Restaurants Company, earnings per share came in at $0.93, beating analysts’ expectations of $0.89 by 0.04. This compares to $0.78 EPS in the same period last year. The net profit margin was 6.70% and return on equity was 27.30% for TXRH. The company reported revenue of $1.01 billion for the quarter, compared to $895.59 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.72 percent. For the current quarter, analysts expect TXRH to generate $1.02B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/24/2023. Investors who held shares on 03/08/2023 were paid a $0.55 dividend. On an annualized basis, this represents a $2.20 dividend and a 2.10% percent yield. There was an ex-dividend date of 03/07/2023 for this dividend. In terms of dividend payout ratio, TXRH is presently at 25.30%.
Texas Roadhouse Inc.(TXRH) Company Profile
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. Texas Roadhouse, Inc. was founded in 1993 and is based in Louisville, Kentucky.
