Brokerages expect Texas Roadhouse (NASDAQ:TXRH) to announce earnings of $0.76 per share for the current fiscal quarter, Zacks reports. Nine analysts have made estimates for Texas Roadhouse’s earnings. The highest EPS estimate is $0.79 and the lowest is $0.72. Texas Roadhouse reported earnings of $0.61 per share in the same quarter last year, which would suggest a positive year over year growth rate of 24.6%. The firm is expected to announce its next quarterly earnings report after the market closes on Monday, April 30th.
According to Zacks, analysts expect that Texas Roadhouse will report full-year earnings of $2.37 per share for the current fiscal year, with EPS estimates ranging from $2.28 to $2.47. For the next fiscal year, analysts forecast that the company will report earnings of $2.67 per share, with EPS estimates ranging from $2.55 to $2.81. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Texas Roadhouse.
Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Tuesday, February 20th. The restaurant operator reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. Texas Roadhouse had a return on equity of 17.20% and a net margin of 5.93%. The firm had revenue of $545.10 million for the quarter, compared to analysts’ expectations of $545.24 million. During the same period in the previous year, the firm posted $0.29 EPS. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year.
A number of equities analysts recently weighed in on the stock. BMO Capital Markets set a $60.00 price objective on shares of Texas Roadhouse and gave the stock a “buy” rating in a report on Wednesday, February 21st. Maxim Group restated a “buy” rating and issued a $67.00 price objective (up from $65.00) on shares of Texas Roadhouse in a report on Wednesday, February 21st. Zacks Investment Research upgraded shares of Texas Roadhouse from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a report on Wednesday, January 31st. Mizuho assumed coverage on shares of Texas Roadhouse in a report on Thursday, March 15th. They issued a “buy” rating and a $66.00 price objective for the company. Finally, BidaskClub upgraded shares of Texas Roadhouse from a “hold” rating to a “buy” rating in a report on Friday, March 30th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $59.62.
Shares of TXRH traded down $1.16 during mid-day trading on Thursday, reaching $61.88. The company had a trading volume of 574,446 shares, compared to its average volume of 791,589. The company has a quick ratio of 0.73, a current ratio of 0.78 and a debt-to-equity ratio of 0.06. Texas Roadhouse has a 52 week low of $44.29 and a 52 week high of $63.80. The stock has a market cap of $4,522.55, a P/E ratio of 32.00, a P/E/G ratio of 2.11 and a beta of 0.59.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Wednesday, March 14th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, March 13th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.21. This represents a $1.00 dividend on an annualized basis and a yield of 1.62%. Texas Roadhouse’s payout ratio is currently 50.76%.
In other Texas Roadhouse news, insider Scott Matthew Colosi sold 10,644 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $58.55, for a total transaction of $623,206.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider S. Chris Jacobsen sold 1,500 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $60.00, for a total transaction of $90,000.00. Following the sale, the insider now owns 16,899 shares of the company’s stock, valued at $1,013,940. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,178 shares of company stock valued at $1,852,664. Company insiders own 5.89% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in TXRH. BlackRock Inc. raised its stake in Texas Roadhouse by 3.9% during the 4th quarter. BlackRock Inc. now owns 7,022,082 shares of the restaurant operator’s stock valued at $369,923,000 after buying an additional 265,122 shares during the last quarter. Eaton Vance Management increased its stake in shares of Texas Roadhouse by 50.3% in the 4th quarter. Eaton Vance Management now owns 591,142 shares of the restaurant operator’s stock worth $31,141,000 after purchasing an additional 197,951 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Texas Roadhouse in the 4th quarter worth $8,666,000. Tide Point Capital Management LP purchased a new stake in shares of Texas Roadhouse in the 4th quarter worth $5,809,000. Finally, Retirement Systems of Alabama increased its stake in shares of Texas Roadhouse by 127.2% in the 4th quarter. Retirement Systems of Alabama now owns 191,590 shares of the restaurant operator’s stock worth $10,093,000 after purchasing an additional 107,271 shares in the last quarter. Institutional investors and hedge funds own 87.55% of the company’s stock.
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About Texas Roadhouse
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 February 20, 2018, it owned and operated approximately 550 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.
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