Texas Roadhouse, Inc. (TXRH) Expected to Announce Earnings of $0.43 Per Share
Wall Street brokerages expect Texas Roadhouse, Inc. (NASDAQ:TXRH) to post earnings of $0.43 per share for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Texas Roadhouse’s earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.41. Texas Roadhouse posted earnings per share of $0.36 in the same quarter last year, which would suggest a positive year-over-year growth rate of 19.4%. The company is expected to report its next earnings results after the market closes on Monday, October 23rd.
On average, analysts expect that Texas Roadhouse will report full-year earnings of $1.91 per share for the current fiscal year, with EPS estimates ranging from $1.86 to $1.95. For the next year, analysts forecast that the business will post earnings of $2.13 per share, with EPS estimates ranging from $2.00 to $2.22. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Texas Roadhouse.
Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Monday, July 31st. The restaurant operator reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. Texas Roadhouse had a net margin of 5.63% and a return on equity of 16.49%. The firm had revenue of $566.30 million during the quarter, compared to the consensus estimate of $563.23 million. During the same quarter in the previous year, the company posted $0.47 EPS. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis.
TXRH has been the subject of several analyst reports. Zacks Investment Research downgraded Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Jefferies Group LLC reaffirmed a “sell” rating and set a $40.00 target price on shares of Texas Roadhouse in a report on Thursday, August 31st. Longbow Research reaffirmed a “buy” rating and set a $56.00 target price on shares of Texas Roadhouse in a report on Monday, July 3rd. Deutsche Bank AG reaffirmed a “hold” rating and set a $53.00 target price (up from $49.00) on shares of Texas Roadhouse in a report on Monday, July 10th. Finally, BidaskClub raised Texas Roadhouse from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. Texas Roadhouse currently has an average rating of “Hold” and an average price target of $50.79.
In other Texas Roadhouse news, insider S. Chris Jacobsen sold 2,500 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $49.25, for a total value of $123,125.00. Following the transaction, the insider now directly owns 15,184 shares of the company’s stock, valued at approximately $747,812. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Kathy Widmer sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $47.95, for a total value of $95,900.00. Following the completion of the transaction, the director now directly owns 11,750 shares in the company, valued at $563,412.50. The disclosure for this sale can be found here. Corporate insiders own 7.40% of the company’s stock.
A number of hedge funds have recently modified their holdings of TXRH. First Trust Advisors LP increased its position in Texas Roadhouse by 767.0% in the 1st quarter. First Trust Advisors LP now owns 64,277 shares of the restaurant operator’s stock worth $2,862,000 after purchasing an additional 56,863 shares during the last quarter. Comerica Bank increased its position in Texas Roadhouse by 4.2% in the 1st quarter. Comerica Bank now owns 40,981 shares of the restaurant operator’s stock worth $1,941,000 after purchasing an additional 1,665 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Texas Roadhouse by 21.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 35,635 shares of the restaurant operator’s stock worth $1,587,000 after purchasing an additional 6,200 shares during the last quarter. State of Tennessee Treasury Department increased its position in Texas Roadhouse by 46.2% in the 1st quarter. State of Tennessee Treasury Department now owns 35,226 shares of the restaurant operator’s stock worth $1,569,000 after purchasing an additional 11,135 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Texas Roadhouse by 22.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 13,119 shares of the restaurant operator’s stock worth $584,000 after purchasing an additional 2,366 shares during the last quarter. 85.98% of the stock is currently owned by institutional investors.
Shares of Texas Roadhouse (NASDAQ:TXRH) traded up 2.33% on Friday, reaching $50.11. 575,426 shares of the company traded hands. Texas Roadhouse has a 52-week low of $37.79 and a 52-week high of $51.91. The firm has a 50-day moving average of $48.01 and a 200-day moving average of $48.22. The company has a market capitalization of $3.56 billion, a PE ratio of 30.17 and a beta of 0.57.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Wednesday, September 13th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Tuesday, September 12th. Texas Roadhouse’s payout ratio is currently 50.60%.
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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