Brokerages expect Texas Roadhouse Inc (NASDAQ:TXRH) to post $0.66 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Texas Roadhouse’s earnings. The lowest EPS estimate is $0.64 and the highest is $0.74. Texas Roadhouse reported earnings of $0.53 per share in the same quarter last year, which would suggest a positive year over year growth rate of 24.5%. The business is scheduled to announce its next earnings results on Monday, July 30th.
On average, analysts expect that Texas Roadhouse will report full-year earnings of $2.39 per share for the current fiscal year, with EPS estimates ranging from $2.31 to $2.53. For the next fiscal year, analysts expect that the company will report earnings of $2.72 per share, with EPS estimates ranging from $2.54 to $3.15. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Texas Roadhouse.
Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Monday, April 30th. The restaurant operator reported $0.76 EPS for the quarter, hitting analysts’ consensus estimates of $0.76. The firm had revenue of $627.70 million during the quarter, compared to the consensus estimate of $626.34 million. Texas Roadhouse had a net margin of 6.66% and a return on equity of 17.97%. The company’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 earnings per share.
A number of brokerages have recently commented on TXRH. Wedbush reaffirmed an “outperform” rating and issued a $69.00 target price (up from $64.00) on shares of Texas Roadhouse in a report on Tuesday, May 1st. BidaskClub raised shares of Texas Roadhouse from a “buy” rating to a “strong-buy” rating in a report on Friday, June 8th. Robert W. Baird increased their target price on shares of Texas Roadhouse from $66.00 to $70.00 and gave the company an “outperform” rating in a report on Tuesday, May 1st. Maxim Group lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $67.00 price target on the stock. in a research report on Tuesday, May 1st. Finally, Morgan Stanley increased their price target on shares of Texas Roadhouse from $58.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 1st. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Texas Roadhouse currently has an average rating of “Hold” and an average target price of $61.46.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Meadow Creek Investment Management LLC grew its holdings in Texas Roadhouse by 23.8% during the 4th quarter. Meadow Creek Investment Management LLC now owns 4,576 shares of the restaurant operator’s stock worth $241,000 after acquiring an additional 880 shares during the last quarter. Sandler Capital Management grew its stake in shares of Texas Roadhouse by 26.2% during the 1st quarter. Sandler Capital Management now owns 63,080 shares of the restaurant operator’s stock worth $3,645,000 after acquiring an additional 13,080 shares in the last quarter. Koch Industries Inc. bought a new position in shares of Texas Roadhouse during the 4th quarter worth approximately $340,000. Vident Investment Advisory LLC grew its stake in shares of Texas Roadhouse by 78.8% during the 4th quarter. Vident Investment Advisory LLC now owns 9,460 shares of the restaurant operator’s stock worth $498,000 after acquiring an additional 4,170 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Texas Roadhouse by 2.8% during the 4th quarter. Swiss National Bank now owns 115,000 shares of the restaurant operator’s stock worth $6,058,000 after acquiring an additional 3,100 shares in the last quarter. 88.79% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ TXRH traded up $0.43 during trading hours on Wednesday, hitting $65.94. The company had a trading volume of 599,300 shares, compared to its average volume of 786,646. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.85 and a quick ratio of 0.80. Texas Roadhouse has a 1-year low of $44.29 and a 1-year high of $69.43. The company has a market capitalization of $4.68 billion, a PE ratio of 32.71, a P/E/G ratio of 2.31 and a beta of 0.57.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 29th. Stockholders of record on Wednesday, June 13th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Tuesday, June 12th. Texas Roadhouse’s dividend payout ratio is 50.76%.
Texas Roadhouse Company Profile
Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of February 20, 2018, it owned and operated approximately 550 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.
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