Texas Roadhouse, Inc. (TXRH) to Release Quarterly Earnings on Monday
Texas Roadhouse, Inc. (NASDAQ:TXRH) is set to issue its quarterly earnings data after the market closes on Monday, July 31st. Analysts expect the company to announce earnings of $0.53 per share for the quarter.
Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Monday, May 1st. The restaurant operator reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.03. The company had revenue of $567.70 million for the quarter, compared to the consensus estimate of $560.74 million. Texas Roadhouse had a return on equity of 16.42% and a net margin of 5.60%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.50 EPS. On average, analysts expect Texas Roadhouse to post $1.87 EPS for the current fiscal year and $2.09 EPS for the next fiscal year.
Texas Roadhouse, Inc. (TXRH) opened at 50.54 on Monday. The stock has a 50 day moving average price of $50.34 and a 200-day moving average price of $47.00. The firm has a market cap of $3.58 billion, a P/E ratio of 31.37 and a beta of 0.56. Texas Roadhouse, Inc. has a 1-year low of $37.23 and a 1-year high of $51.91.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Wednesday, June 14th were paid a $0.21 dividend. The ex-dividend date of this dividend was Monday, June 12th. This represents a $0.84 annualized dividend and a dividend yield of 1.66%. Texas Roadhouse’s dividend payout ratio is 52.50%.
Several analysts recently weighed in on the stock. BidaskClub raised shares of Texas Roadhouse from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 10th. Zacks Investment Research raised shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research note on Thursday, May 4th. Canaccord Genuity boosted their price objective on shares of Texas Roadhouse from $42.00 to $49.00 and gave the stock a “hold” rating in a research note on Wednesday, May 3rd. Longbow Research reissued a “buy” rating and issued a $56.00 price objective on shares of Texas Roadhouse in a research note on Monday, July 3rd. Finally, Jefferies Group LLC reissued a “sell” rating and issued a $40.00 price objective on shares of Texas Roadhouse in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company. Texas Roadhouse currently has a consensus rating of “Hold” and a consensus price target of $49.65.
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In other news, General Counsel Celia Catlett sold 1,837 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $49.95, for a total transaction of $91,758.15. Following the transaction, the general counsel now owns 10,000 shares in the company, valued at $499,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathy Widmer sold 5,200 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $48.97, for a total transaction of $254,644.00. Following the transaction, the director now owns 13,750 shares in the company, valued at approximately $673,337.50. The disclosure for this sale can be found here. Insiders have sold 25,537 shares of company stock worth $1,275,317 in the last quarter. Company 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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