An executive of Texas Roadhouse, Inc. (NASDAQ:TXRH) sells $4,144,175.00 in inventory.

James R. Zarley, President of Texas Roadhouse, Inc. (NASDAQ: TXRH), sold 42,500 shares on Nov. 22. At an average price of $97.51, the shares sold for a total of $4,144,175. As a result of the sale, the CEO now has direct ownership of 32,843 shares of stock in the company, which have a combined value of $3,202,520.93. You can learn more about the transaction disclosed in a legal filing filed with the Securities and Exchange Commission by following the link above.

In addition, the company has decided to implement a quarterly dividend, which will be paid on December 23. On Wednesday, December 7, registered shareholders will be eligible for dividend payments of $0.46 per share. The date that constitutes the ex-dividend date for this dividend is December 6. This translates into a dividend payment of $1.84 per year and a dividend yield of 1.86%. Texas Roadhouse currently has a dividend payout ratio (DPR) of 47.92%.
During trading on Wednesday, NASDAQ:TXRH climbed $0.83 higher to $99.13, with 510,823 shares changing hands, compared to its daily average volume of 1,053,072 shares. The lowest point in a year for Texas Roadhouse, Inc. is $68.58 and the company’s one-year high is $101.75. The price of the company’s stock currently trades at a 50-day moving average of $93.88 and a 200-day moving average of $86.26. The company has a price-to-earnings ratio of 25.82, a price-to-earnings ratio of 1.74 and a beta value of 0.95. The company’s market capitalization is $6.63 billion. A debt-to-equity ratio of 0.08, a current ratio of 0.54, and a quick ratio of 0.47 all represent the company’s financial strength.
Recently, multiple brokerage reports have focused on TXRH as a topic of discussion. Robert W. Baird gave Texas Roadhouse a “neutral” rating in a research note published Friday, Oct. 28. The company raised its Texas Roadhouse price target from $87.00 to $98.00 and announced the change. Wedbush raised its price target on Texas Roadhouse from $98.00 to $110.00 and gave the stock an “outperform” rating in a Friday, Oct. 28 report. Tuesday, July 26. Trust Financial raised their price target on Texas Roadhouse from $108.00 to $110.00 and gave the stock a buy rating in a report released Friday, Oct. 28. raised their price target on Texas Roadhouse from $93.00 to $95.00.
In addition, they gave the stock an “equal weight” rating. Seven analysts recommend keeping the stock in the portfolio, eleven recommend buying the stock. According to information from Bloomberg, the consensus for Texas Roadhouse is a “Moderate Buy” rating and the price target is set at $103.11.

In recent months, several major investors have moved their stake in TXRH. During the first quarter, Park Avenue Securities LLC increased the percentage of Texas Roadhouse shares it owned by 12.1%. After purchasing an additional 589 shares during the period, Park Avenue Securities LLC currently owns 5,462 shares of the restaurant operator, valued at $457,500. This brings the total number of shares owned by the company to 5,462. Central Trust Co. increased its stake in Texas Roadhouse by 92.7% during the first three months of the year. During the period covered by this report, Central Trust Company acquired an additional 278 shares, bringing the total number of shares owned by the company to 578, valued at approximately $48,000. Mount Yale Investment Advisors LLC recently purchased a new stake in Texas Roadhouse worth approximately $273,000 at the end of the first quarter. During the first three months of the year, Versor Investments LP increased its stake in Texas Roadhouse by 63.6%. Having made additional purchases over time, Versor Investments LP now owns 15,383 shares of the restaurant operator, bringing the total value of its holdings to $1,288,000. During the first three months of the year, Victory Capital Management Inc. the percentage of Texas Roadhouse stock at 730 percent. The period was used to purchase an additional 6,657 shares, bringing the total number of shares owned by Victory Capital Management Inc. in the restaurant operator’s stock comes to 15,777, valued at $1,299,000. The company’s shares are 97.80% owned by hedge funds and other types of institutional investors.

In the United States and other parts of the world, Texas Roadhouse, Inc. owns and operates. and its subsidiaries a variety of casual restaurants. The company owns and operates restaurants under the Texas Roadhouse, Bubba’s 33 and Jaggers brands. As of December 28, 2021, it had 566 restaurants and 101 franchised locations in the country.

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