Analysts expect Texas Roadhouse Inc (NASDAQ:TXRH) to post earnings of $0.82 per share for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Texas Roadhouse’s earnings. The lowest EPS estimate is $0.80 and the highest is $0.85. Texas Roadhouse reported earnings of $0.76 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 7.9%. The business is scheduled to announce its next quarterly earnings results after the market closes on Monday, April 29th.
According to Zacks, analysts expect that Texas Roadhouse will report full-year earnings of $2.47 per share for the current financial year, with EPS estimates ranging from $2.41 to $2.57. For the next financial year, analysts expect that the firm will post earnings of $2.71 per share, with EPS estimates ranging from $2.44 to $2.93. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Texas Roadhouse.
Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Tuesday, February 19th. The restaurant operator reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.02. Texas Roadhouse had a net margin of 6.44% and a return on equity of 17.06%. The company had revenue of $605.91 million during the quarter, compared to the consensus estimate of $599.06 million. During the same period in the prior year, the business posted $0.40 EPS. The company’s quarterly revenue was up 11.2% on a year-over-year basis.
A number of research firms have recently commented on TXRH. BidaskClub downgraded shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. Zacks Investment Research upgraded shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research note on Tuesday, February 19th. Wedbush restated a “hold” rating and set a $62.00 price objective on shares of Texas Roadhouse in a research note on Wednesday, February 20th. Stephens upgraded shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and set a $70.00 price objective for the company in a research note on Wednesday, March 20th. Finally, Goldman Sachs Group upgraded shares of Texas Roadhouse from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $64.00 to $72.00 in a research note on Friday, January 11th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $65.71.
Shares of Texas Roadhouse stock traded down $0.85 during trading hours on Friday, reaching $59.59. 14,566 shares of the company’s stock were exchanged, compared to its average volume of 655,475. Texas Roadhouse has a fifty-two week low of $56.33 and a fifty-two week high of $75.24. The company has a market cap of $4.29 billion, a price-to-earnings ratio of 27.11, a P/E/G ratio of 2.09 and a beta of 0.67.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Wednesday, March 13th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a yield of 2.01%. Texas Roadhouse’s dividend payout ratio is 54.55%.
In other Texas Roadhouse news, President Scott Matthew Colosi sold 34,247 shares of the stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $62.39, for a total transaction of $2,136,670.33. Following the completion of the sale, the president now directly owns 121,388 shares of the company’s stock, valued at $7,573,397.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kathy Widmer sold 3,000 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $60.91, for a total transaction of $182,730.00. Following the sale, the director now directly owns 12,400 shares of the company’s stock, valued at $755,284. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,247 shares of company stock valued at $2,673,820. 5.89% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in TXRH. Janney Montgomery Scott LLC grew its stake in Texas Roadhouse by 1.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 15,795 shares of the restaurant operator’s stock valued at $943,000 after purchasing an additional 166 shares in the last quarter. Bank of Montreal Can increased its holdings in Texas Roadhouse by 8.7% during the 4th quarter. Bank of Montreal Can now owns 2,100 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 168 shares in the last quarter. Exencial Wealth Advisors LLC increased its holdings in Texas Roadhouse by 0.3% during the 4th quarter. Exencial Wealth Advisors LLC now owns 51,509 shares of the restaurant operator’s stock worth $3,075,000 after purchasing an additional 177 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in Texas Roadhouse by 1.1% during the 1st quarter. Louisiana State Employees Retirement System now owns 17,900 shares of the restaurant operator’s stock worth $1,113,000 after purchasing an additional 200 shares in the last quarter. Finally, Advisory Services Network LLC increased its holdings in Texas Roadhouse by 34.7% during the 4th quarter. Advisory Services Network LLC now owns 851 shares of the restaurant operator’s stock worth $51,000 after purchasing an additional 219 shares in the last quarter. 89.75% of the stock is owned by institutional investors and hedge funds.
About Texas Roadhouse
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 19, 2019, it owned and operated approximately 580 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.
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