Texas Roadhouse, Inc. (TXRH) Set to Announce Quarterly Earnings on Monday
Texas Roadhouse, Inc. (NASDAQ:TXRH) is scheduled to issue its quarterly earnings data after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.44 per share for the quarter.
Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Monday, July 31st. The restaurant operator reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. The firm had revenue of $566.30 million for the quarter, compared to analysts’ expectations of $563.23 million. Texas Roadhouse had a net margin of 5.63% and a return on equity of 16.49%. The business’s revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 EPS. On average, analysts expect Texas Roadhouse to post $1.91 EPS for the current fiscal year and $2.13 EPS for the next fiscal year.
Shares of Texas Roadhouse, Inc. (TXRH) opened at 50.36 on Monday. The stock has a market capitalization of $3.58 billion, a PE ratio of 30.32 and a beta of 0.57. Texas Roadhouse, Inc. has a 12 month low of $38.54 and a 12 month high of $52.02. The stock’s 50 day moving average is $48.71 and its 200 day moving average is $48.68.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th were given a $0.21 dividend. The ex-dividend date was Tuesday, September 12th. This represents a $0.84 annualized dividend and a dividend yield of 1.67%. Texas Roadhouse’s dividend payout ratio (DPR) is 50.60%.
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Several research firms have recently weighed in on TXRH. BidaskClub downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Deutsche Bank AG reissued a “hold” rating and issued a $53.00 price target (up from $49.00) on shares of Texas Roadhouse in a research note on Monday, July 10th. Longbow Research reissued a “buy” rating and issued a $56.00 price target on shares of Texas Roadhouse in a research note on Monday, July 3rd. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Texas Roadhouse in a research note on Tuesday, July 25th. Finally, Jefferies Group LLC reissued a “sell” rating and issued a $40.00 price target on shares of Texas Roadhouse in a research note on Thursday, August 31st. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. Texas Roadhouse has an average rating of “Hold” and a consensus target price of $50.84.
In other Texas Roadhouse news, Director Kathy Widmer sold 2,000 shares of Texas Roadhouse stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $47.95, for a total transaction of $95,900.00. Following the transaction, the director now directly owns 11,750 shares of the company’s stock, valued at $563,412.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider S. Chris Jacobsen sold 2,500 shares of Texas Roadhouse stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $49.25, for a total transaction of $123,125.00. Following the transaction, the insider now directly owns 15,184 shares in the company, valued at $747,812. The disclosure for this sale can be found here. 7.40% of the stock is owned by insiders.
About Texas Roadhouse
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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