Texas Roadhouse, Inc. (TXRH) Releases Quarterly Earnings Results, Hits Expectations
Texas Roadhouse, Inc. (NASDAQ:TXRH) released its quarterly earnings data on Monday. The restaurant operator reported $0.43 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43, Bloomberg Earnings reports. The firm had revenue of $540.50 million during the quarter, compared to the consensus estimate of $538.15 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 12.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.36 earnings per share.
Texas Roadhouse (NASDAQ TXRH) opened at 50.41 on Tuesday. The firm has a 50-day moving average price of $49.35 and a 200 day moving average price of $48.99. The stock has a market cap of $3.58 billion, a PE ratio of 30.35 and a beta of 0.57. Texas Roadhouse has a 52-week low of $38.54 and a 52-week high of $52.02.
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In other Texas Roadhouse news, insider S. Chris Jacobsen sold 2,500 shares of Texas Roadhouse stock in a transaction on Friday, August 11th. The stock was sold at an average price of $49.25, for a total value of $123,125.00. Following the completion of the sale, the insider now owns 15,184 shares of the company’s stock, valued at approximately $747,812. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kathy Widmer sold 2,000 shares of Texas Roadhouse 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 completion of the sale, the director now directly owns 11,750 shares of the company’s stock, valued at approximately $563,412.50. The disclosure for this sale can be found here. 6.60% of the stock is owned by company insiders.
Several equities research analysts have recently commented on the company. Raymond James Financial, Inc. restated a “market perform” rating on shares of Texas Roadhouse in a report on Tuesday, July 25th. Zacks Investment Research upgraded Texas Roadhouse from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Friday, July 21st. BMO Capital Markets restated a “buy” rating and set a $58.00 price objective on shares of Texas Roadhouse in a report on Wednesday, August 2nd. Barclays PLC boosted their price objective on Texas Roadhouse from $53.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, August 1st. Finally, Robert W. Baird restated a “buy” rating and set a $56.00 price objective on shares of Texas Roadhouse in a report on Tuesday, September 19th. Three research 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’s stock. The stock has an average rating of “Hold” and an average target price of $50.84.
About Texas Roadhouse
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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