Rep. Josh Gottheimer Sells Off Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Texas Roadhouse, Inc. (NASDAQ:TXRH). In a filing disclosed on January 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Texas Roadhouse stock on December 6th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Block (NYSE:SQ) on 12/30/2024.
• Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 12/30/2024.
• Sold $1,001 – $15,000 in shares of Ambev (NYSE:ABEV) on 12/27/2024.
• Sold $1,001 – $15,000 in shares of Grupo Financiero Banorte (OTCMKTS:GBOOY) on 12/27/2024.
• Sold $1,001 – $15,000 in shares of Cadre (NYSE:CDRE) on 12/27/2024.
• Sold $1,001 – $15,000 in shares of Coloplast A/S (OTCMKTS:CLPBY) on 12/27/2024.
• Sold $1,001 – $15,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 12/23/2024.
• Sold $1,001 – $15,000 in shares of Trane Technologies (NYSE:TT) on 12/23/2024.
• Purchased $1,001 – $15,000 in shares of Walmart (NYSE:WMT) on 12/20/2024.
• Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 12/19/2024.

Texas Roadhouse Price Performance

TXRH traded up $0.82 on Thursday, reaching $180.11. 154,488 shares of the stock were exchanged, compared to its average volume of 788,298. The company’s 50-day moving average price is $189.81 and its 200 day moving average price is $178.69. The firm has a market capitalization of $12.02 billion, a PE ratio of 30.95, a PEG ratio of 1.34 and a beta of 1.01. Texas Roadhouse, Inc. has a fifty-two week low of $117.13 and a fifty-two week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the company earned $0.95 earnings per share. The company’s revenue was up 13.5% compared to the same quarter last year. As a group, equities analysts forecast that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were issued a $0.61 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.35%. Texas Roadhouse’s dividend payout ratio is currently 41.92%.

Insider Transactions at Texas Roadhouse

In other news, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the transaction, the director now owns 3,532 shares in the company, valued at approximately $691,071.12. This trade represents a 14.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher C. Colson sold 1,370 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the sale, the insider now owns 10,000 shares of the company’s stock, valued at approximately $1,794,600. The trade was a 12.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,480 shares of company stock valued at $668,603 over the last quarter. Company insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Citigroup lifted their target price on shares of Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Gordon Haskett lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price on the stock. in a research note on Wednesday, January 8th. UBS Group upped their price target on Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Royal Bank of Canada reissued a “sector perform” rating and issued a $200.00 target price on shares of Texas Roadhouse in a research report on Thursday. Finally, Guggenheim boosted their price objective on Texas Roadhouse from $190.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Fourteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $190.91.

Hedge Funds Weigh In On Texas Roadhouse

Several institutional investors and hedge funds have recently modified their holdings of the company. TD Asset Management Inc acquired a new stake in Texas Roadhouse in the 2nd quarter worth about $275,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Texas Roadhouse in the second quarter worth $47,000. American Century Companies Inc. lifted its holdings in shares of Texas Roadhouse by 6.4% during the 2nd quarter. American Century Companies Inc. now owns 154,811 shares of the restaurant operator’s stock valued at $26,583,000 after acquiring an additional 9,288 shares in the last quarter. Federated Hermes Inc. raised its position in Texas Roadhouse by 7.0% in the second quarter. Federated Hermes Inc. now owns 147,553 shares of the restaurant operator’s stock valued at $25,336,000 after purchasing an additional 9,618 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of Texas Roadhouse by 3.7% during the second quarter. Parallel Advisors LLC now owns 6,951 shares of the restaurant operator’s stock worth $1,194,000 after purchasing an additional 248 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer’s career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer’s committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.