Texas Roadhouse (NASDAQ:TXRH) Shares Unloaded Rep. Josh Gottheimer

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

NASDAQ TXRH traded down $0.97 during trading hours on Thursday, reaching $178.32. The company's stock had a trading volume of 648,041 shares, compared to its average volume of 839,444. The firm has a fifty day simple moving average of $189.44 and a 200-day simple moving average of $178.69. Texas Roadhouse, Inc. has a 52 week low of $117.13 and a 52 week high of $206.04. The stock has a market cap of $11.90 billion, a P/E ratio of 30.64, a P/E/G ratio of 1.34 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly 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). The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The company's revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.95 earnings per share. On average, research analysts expect that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Tuesday, December 10th. Texas Roadhouse's dividend payout ratio is currently 41.92%.

Insider Buying and Selling at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of the company's stock in a transaction that occurred 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 directly owns 10,000 shares in the company, valued at approximately $1,794,600. This represents a 12.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of the firm's stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the transaction, the chief technology officer now directly owns 16,342 shares of the company's stock, valued at approximately $3,305,332.92. This trade represents a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,480 shares of company stock worth $668,603 over the last three months. 0.50% of the stock is currently owned by insiders.

Institutional Trading of Texas Roadhouse

Several institutional investors and hedge funds have recently modified their holdings of the stock. Hollencrest Capital Management bought a new stake in Texas Roadhouse during the second quarter worth $25,000. True Wealth Design LLC bought a new position in shares of Texas Roadhouse during the 3rd quarter worth approximately $30,000. PSI Advisors LLC boosted its stake in shares of Texas Roadhouse by 70.8% in the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock worth $32,000 after buying an additional 75 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Texas Roadhouse by 118.6% in the 3rd quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator's stock worth $46,000 after buying an additional 140 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Texas Roadhouse by 32.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock worth $48,000 after buying an additional 65 shares during the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Guggenheim raised their target price on Texas Roadhouse from $190.00 to $195.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th. Citigroup upped their price target on shares of Texas Roadhouse from $192.00 to $201.00 and gave the company a "buy" rating in a research report on Tuesday, October 1st. Truist Financial lifted their price objective on Texas Roadhouse from $207.00 to $209.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Loop Capital cut their target price on Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating on the stock in a research report on Monday, October 28th. Finally, Gordon Haskett cut Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 target price for the company. in a research note on Wednesday, January 8th. Fourteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Texas Roadhouse currently has a consensus rating of "Hold" and a consensus target price of $190.91.

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.