Texas Roadhouse, Inc. (NASDAQ:TXRH) to Release Quarterly Earnings on Monday
Texas Roadhouse, Inc. (NASDAQ:TXRH) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, July 31st. Analysts expect the company to announce earnings of $0.53 per share for the quarter.
Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Monday, May 1st. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.03. Texas Roadhouse had a net margin of 5.60% and a return on equity of 16.42%. The business had revenue of $567.70 million during the quarter, compared to the consensus estimate of $560.74 million. During the same period in the prior year, the firm posted $0.50 EPS. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, analysts expect Texas Roadhouse to post $1.87 EPS for the current fiscal year and $2.09 EPS for the next fiscal year.
Shares of Texas Roadhouse, Inc. (NASDAQ TXRH) opened at 50.54 on Monday. The firm has a 50-day moving average of $50.34 and a 200-day moving average of $47.00. Texas Roadhouse, Inc. has a 12 month low of $37.23 and a 12 month high of $51.91. The company has a market capitalization of $3.58 billion, a P/E ratio of 31.37 and a beta of 0.56.
The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Wednesday, June 14th were issued a $0.21 dividend. The ex-dividend date was Monday, June 12th. This represents a $0.84 annualized dividend and a yield of 1.66%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 52.50%.
In related news, General Counsel Celia Catlett sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $50.80, for a total transaction of $254,000.00. Following the completion of the sale, the general counsel now directly owns 11,837 shares in the company, valued at $601,319.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider S. Chris Jacobsen sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $51.29, for a total transaction of $179,515.00. Following the sale, the insider now owns 17,684 shares of the company’s stock, valued at $907,012.36. The disclosure for this sale can be found here. Insiders have sold 25,537 shares of company stock valued at $1,275,317 over the last 90 days. 7.40% of the stock is currently owned by company insiders.
Several research analysts have issued reports on TXRH shares. Maxim Group reaffirmed a “buy” rating and issued a $52.00 target price on shares of Texas Roadhouse in a report on Thursday, April 27th. Telsey Advisory Group lifted their target price on shares of Texas Roadhouse from $46.00 to $54.00 and gave the stock a “market perform” rating in a report on Tuesday, May 2nd. BMO Capital Markets reaffirmed a “hold” rating and issued a $48.00 target price (up from $41.00) on shares of Texas Roadhouse in a report on Tuesday, May 2nd. Royal Bank Of Canada lifted their target price on shares of Texas Roadhouse from $49.00 to $53.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 2nd. Finally, Barclays PLC lifted their target price on shares of Texas Roadhouse from $47.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $49.65.
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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