Texas Roadhouse, Inc. (NASDAQ:TXRH) is scheduled to be releasing its earnings data after the market closes on Monday, October 30th. Analysts expect Texas Roadhouse to post earnings of $0.44 per share for the quarter.
Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Monday, July 31st. The restaurant operator reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. The firm had revenue of $566.30 million during the quarter, compared to the consensus estimate of $563.23 million. Texas Roadhouse had a return on equity of 16.49% and a net margin of 5.63%. The company’s quarterly 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 $1.93 EPS for the current fiscal year and $2.16 EPS for the next fiscal year.
Texas Roadhouse, Inc. (NASDAQ TXRH) opened at 51.17 on Friday. The company has a market capitalization of $3.63 billion, a P/E ratio of 30.81 and a beta of 0.57. The stock’s 50 day moving average price is $48.90 and its 200-day moving average price is $48.82. Texas Roadhouse, Inc. has a 52-week low of $38.54 and a 52-week high of $52.02.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Wednesday, September 13th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Tuesday, September 12th. Texas Roadhouse’s payout ratio is 50.60%.
Several analysts recently commented on the company. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Texas Roadhouse in a research report on Tuesday, July 25th. BMO Capital Markets reiterated a “buy” rating and set a $58.00 price target on shares of Texas Roadhouse in a research report on Wednesday, August 2nd. Barclays PLC boosted their price target on Texas Roadhouse from $53.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 1st. Zacks Investment Research upgraded Texas Roadhouse from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Friday, July 21st. Finally, Robert W. Baird reiterated a “buy” rating and set a $56.00 price target on shares of Texas Roadhouse in a research report on Tuesday, September 19th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $50.84.
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In other news, Director Kathy Widmer sold 2,000 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $47.95, for a total value of $95,900.00. Following the transaction, the director now owns 11,750 shares of the company’s stock, valued at approximately $563,412.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider S. Chris Jacobsen sold 2,500 shares of the company’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $49.25, for a total value of $123,125.00. Following the completion of the transaction, the insider now directly owns 15,184 shares in the company, valued at approximately $747,812. The disclosure for this sale can be found here. Corporate insiders own 7.40% of the company’s stock.
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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