Equities analysts predict that Texas Roadhouse Inc (NASDAQ:TXRH) will post earnings of $0.63 per share for the current quarter, according to Zacks. Eight analysts have made estimates for Texas Roadhouse’s earnings. The highest EPS estimate is $0.67 and the lowest is $0.57. Texas Roadhouse reported earnings of $0.62 per share in the same quarter last year, which indicates a positive year over year growth rate of 1.6%. The business is expected to announce its next quarterly earnings report on Monday, July 29th.

On average, analysts expect that Texas Roadhouse will report full year earnings of $2.31 per share for the current financial year, with EPS estimates ranging from $2.13 to $2.55. For the next fiscal year, analysts anticipate that the business will post earnings of $2.52 per share, with EPS estimates ranging from $2.21 to $2.83. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Texas Roadhouse.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Monday, April 29th. The restaurant operator reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.12). The firm had revenue of $690.61 million during the quarter, compared to analysts’ expectations of $693.76 million. Texas Roadhouse had a return on equity of 16.17% and a net margin of 6.11%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 EPS.

Several analysts have issued reports on the company. BidaskClub lowered Texas Roadhouse from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. ValuEngine lowered Texas Roadhouse from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Wedbush reaffirmed a “hold” rating and issued a $62.00 target price on shares of Texas Roadhouse in a research note on Wednesday, February 20th. Stephens raised Texas Roadhouse from an “equal weight” rating to an “overweight” rating and set a $70.00 target price for the company in a research note on Wednesday, March 20th. Finally, Maxim Group dropped their price objective on Texas Roadhouse from $66.00 to $60.00 and set a “hold” rating for the company in a research note on Tuesday, April 30th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $63.68.

TXRH traded down $1.08 during midday trading on Tuesday, hitting $51.26. The stock had a trading volume of 1,210,248 shares, compared to its average volume of 935,515. The firm has a market cap of $3.76 billion, a P/E ratio of 23.30, a P/E/G ratio of 2.01 and a beta of 0.59. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.89 and a quick ratio of 0.84. Texas Roadhouse has a 1 year low of $50.84 and a 1 year high of $75.24.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 12th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Tuesday, June 11th. Texas Roadhouse’s dividend payout ratio (DPR) is presently 54.55%.

In other Texas Roadhouse news, Director James R. Zarley purchased 18,900 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was bought at an average price of $52.51 per share, with a total value of $992,439.00. Following the completion of the purchase, the director now directly owns 113,100 shares of the company’s stock, valued at approximately $5,938,881. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Douglas W. Thompson sold 6,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $59.07, for a total value of $354,420.00. Following the completion of the sale, the chief operating officer now directly owns 45,530 shares of the company’s stock, valued at approximately $2,689,457.10. The disclosure for this sale can be found here. Corporate insiders own 5.89% of the company’s stock.

A number of hedge funds have recently made changes to their positions in TXRH. Oregon Public Employees Retirement Fund lifted its stake in Texas Roadhouse by 5,870.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,541,514 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 1,515,693 shares during the period. Norges Bank purchased a new stake in Texas Roadhouse in the fourth quarter worth $43,777,000. Marshall Wace LLP lifted its stake in Texas Roadhouse by 377.5% in the first quarter. Marshall Wace LLP now owns 617,814 shares of the restaurant operator’s stock worth $38,421,000 after acquiring an additional 488,417 shares during the period. Vanguard Group Inc lifted its stake in Texas Roadhouse by 4.9% in the third quarter. Vanguard Group Inc now owns 6,042,344 shares of the restaurant operator’s stock worth $418,675,000 after acquiring an additional 284,604 shares during the period. Finally, Nordea Investment Management AB raised its holdings in Texas Roadhouse by 33.1% in the fourth quarter. Nordea Investment Management AB now owns 966,870 shares of the restaurant operator’s stock worth $57,722,000 after purchasing an additional 240,515 shares in the last quarter. 88.10% of the stock is owned by institutional investors.

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 April 29, 2019, it owned and operated approximately 590 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

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Earnings History and Estimates for Texas Roadhouse (NASDAQ:TXRH)

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