Brokerages expect that Texas Roadhouse Inc (NASDAQ:TXRH) will post earnings of $0.66 per share for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Texas Roadhouse’s earnings. The highest EPS estimate is $0.74 and the lowest is $0.64. Texas Roadhouse posted earnings per share of $0.53 during the same quarter last year, which would suggest a positive year over year growth rate of 24.5%. The business is expected to announce its next earnings results on Monday, July 30th.
According to Zacks, analysts expect that Texas Roadhouse will report full year earnings of $2.39 per share for the current fiscal year, with EPS estimates ranging from $2.31 to $2.53. For the next year, analysts forecast that the company will post earnings of $2.72 per share, with EPS estimates ranging from $2.54 to $3.15. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that that provide coverage for Texas Roadhouse.
Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Monday, April 30th. The restaurant operator reported $0.76 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.76. The firm had revenue of $627.70 million during the quarter, compared to analysts’ expectations of $626.34 million. Texas Roadhouse had a net margin of 6.66% and a return on equity of 17.97%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.61 EPS.
Several equities analysts recently commented on TXRH shares. Wedbush reiterated a “buy” rating and set a $69.00 target price on shares of Texas Roadhouse in a research note on Wednesday, May 30th. Robert W. Baird upped their target price on shares of Texas Roadhouse from $66.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday, May 1st. BidaskClub upgraded shares of Texas Roadhouse from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 8th. Zacks Investment Research lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Thursday, May 3rd. Finally, Maxim Group lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $67.00 price target on the stock. in a report on Tuesday, May 1st. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $61.46.
Several institutional investors and hedge funds have recently bought and sold shares of the company. MML Investors Services LLC bought a new stake in Texas Roadhouse during the 4th quarter worth about $206,000. Eagle Boston Investment Management Inc. acquired a new position in Texas Roadhouse during the 1st quarter valued at about $206,000. Meadow Creek Investment Management LLC lifted its position in Texas Roadhouse by 23.8% during the 4th quarter. Meadow Creek Investment Management LLC now owns 4,576 shares of the restaurant operator’s stock valued at $241,000 after purchasing an additional 880 shares during the period. Virtu Financial LLC acquired a new position in Texas Roadhouse during the 4th quarter valued at about $256,000. Finally, Delpha Capital Management LLC lifted its position in Texas Roadhouse by 10,761.0% during the 1st quarter. Delpha Capital Management LLC now owns 4,453 shares of the restaurant operator’s stock valued at $257,000 after purchasing an additional 4,412 shares during the period. 88.79% of the stock is currently owned by institutional investors and hedge funds.
Texas Roadhouse traded up $0.43, hitting $65.94, during trading hours on Wednesday, Marketbeat.com reports. 599,300 shares of the company traded hands, compared to its average volume of 786,646. The stock has a market cap of $4.68 billion, a P/E ratio of 32.71, a PEG ratio of 2.31 and a beta of 0.57. Texas Roadhouse has a twelve month low of $44.29 and a twelve month high of $69.43. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.85 and a quick ratio of 0.80.
The company also recently announced a quarterly dividend, which was paid on Friday, June 29th. Stockholders of record on Wednesday, June 13th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Tuesday, June 12th. Texas Roadhouse’s payout ratio is 50.76%.
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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