Equities analysts expect Texas Roadhouse Inc (NASDAQ:TXRH) to report earnings per share (EPS) of $0.75 for the current quarter, Zacks reports. Nine analysts have made estimates for Texas Roadhouse’s earnings. The lowest EPS estimate is $0.69 and the highest is $0.80. Texas Roadhouse reported earnings of $0.61 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 23%. The firm is scheduled to issue its next quarterly earnings report on Monday, May 7th.
On average, analysts expect that Texas Roadhouse will report full-year earnings of $2.35 per share for the current fiscal year, with EPS estimates ranging from $2.22 to $2.47. For the next fiscal year, analysts forecast that the company will report earnings of $2.65 per share, with EPS estimates ranging from $2.55 to $2.81. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Texas Roadhouse.
Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Tuesday, February 20th. The restaurant operator reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.03. The business had revenue of $545.10 million during the quarter, compared to the consensus estimate of $545.24 million. Texas Roadhouse had a return on equity of 17.20% and a net margin of 5.93%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 earnings per share.
A number of equities research analysts have weighed in on the company. BidaskClub upgraded Texas Roadhouse from a “hold” rating to a “buy” rating in a report on Friday. Mizuho assumed coverage on Texas Roadhouse in a report on Thursday, March 15th. They issued a “buy” rating and a $66.00 target price for the company. Zacks Investment Research downgraded Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Royal Bank of Canada reiterated a “hold” rating and issued a $58.00 target price on shares of Texas Roadhouse in a report on Friday, February 23rd. Finally, Jefferies Group reiterated a “hold” rating and issued a $53.00 target price on shares of Texas Roadhouse in a report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $58.81.
In related news, CFO Scott Matthew Colosi sold 22,403 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $56.43, for a total transaction of $1,264,201.29. Following the completion of the sale, the chief financial officer now owns 96,971 shares in the company, valued at $5,472,073.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Celia Catlett sold 6,337 shares of the business’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $56.11, for a total value of $355,569.07. Following the completion of the transaction, the general counsel now directly owns 26,337 shares in the company, valued at approximately $1,477,769.07. The disclosure for this sale can be found here. Insiders have sold 64,418 shares of company stock valued at $3,671,645 in the last quarter. 6.60% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Cerebellum GP LLC purchased a new position in Texas Roadhouse in the fourth quarter worth $122,000. Cubist Systematic Strategies LLC purchased a new position in Texas Roadhouse in the third quarter worth $193,000. Claraphi Advisory Network LLC purchased a new position in Texas Roadhouse in the fourth quarter worth $202,000. MML Investors Services LLC purchased a new position in Texas Roadhouse in the fourth quarter worth $206,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Texas Roadhouse by 50.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,920 shares of the restaurant operator’s stock worth $207,000 after purchasing an additional 1,308 shares during the last quarter. 87.73% of the stock is currently owned by institutional investors and hedge funds.
TXRH stock traded down $0.34 during mid-day trading on Monday, reaching $57.44. The company’s stock had a trading volume of 287,545 shares, compared to its average volume of 787,205. The company has a market cap of $4,122.89, a P/E ratio of 29.18, a PEG ratio of 1.94 and a beta of 0.59. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.73 and a current ratio of 0.78. Texas Roadhouse has a 12 month low of $43.81 and a 12 month high of $60.43.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Wednesday, March 14th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, March 13th. This represents a $1.00 annualized dividend and a yield of 1.74%. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.21. Texas Roadhouse’s dividend payout ratio is 50.76%.
Texas Roadhouse Company Profile
Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.
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