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BRENTWOOD, Tenn. — Yemin Ezra Uzi, Chairman of Delek US Holdings, Inc. (NYSE:DK), recently acquired 5,240 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The shares were purchased at a weighted average price of $14.515 per share, amounting to a total transaction value of approximately $76,058. The purchase comes as the stock trades near its InvestingPro Fair Value, though shares have declined 44% over the past year.
This acquisition increases Uzi’s indirect ownership through Yemin Investments, LP, bringing his total holdings to 828,270 shares. Additionally, he holds 189,186.047 shares directly. The purchase was executed in multiple transactions at prices ranging from $14.20 to $15.20 per share. The company currently offers a notable 7% dividend yield, though InvestingPro analysis indicates weak financial health scores.
This transaction reflects Uzi’s continued investment in Delek US Holdings, a company engaged in petroleum refining, headquartered in Brentwood, Tennessee. For deeper insights into DK’s valuation, financial health, and 12 additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Delek US Energy Inc reported a larger-than-expected loss for the fourth quarter of 2024, with earnings per share at -$2.54, missing the forecast of -$1.89. The company’s revenue also fell short, coming in at $2.37 billion against an expected $2.64 billion. Despite these financial setbacks, Delek has been focusing on operational improvements and strategic initiatives, such as the Enterprise Optimization Plan, to bolster future performance. Additionally, Raymond (NSE:RYMD) James analyst Justin Jenkins reduced the price target for Delek US Holdings to $24 from $25 while maintaining an Outperform rating, citing ongoing strategic efforts by the company. Jenkins highlighted Delek’s measures to mitigate challenging macroeconomic conditions, including operational improvements and strategic acquisitions. He emphasized confidence in Delek’s potential to improve its market position and financial performance. The company also reported a net loss of $414 million for the quarter, with a challenging refining margin environment impacting results. Despite these challenges, Delek is optimistic about its strategic initiatives and future cash flow improvements.
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