Brokerages Anticipate Texas Roadhouse Inc (TXRH) Will Post Earnings of $0.82 Per Share

Wall Street brokerages expect Texas Roadhouse Inc (NASDAQ:TXRH) to post earnings of $0.82 per share for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Texas Roadhouse’s earnings, with the lowest EPS estimate coming in at $0.80 and the highest estimate coming in at $0.85. Texas Roadhouse posted earnings per share of $0.76 during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.9%. The company is expected to announce its next earnings report after the market closes on Monday, April 29th.

According to Zacks, analysts expect that Texas Roadhouse will report full year earnings of $2.47 per share for the current fiscal year, with EPS estimates ranging from $2.41 to $2.57. For the next financial year, analysts expect that the business will post earnings of $2.71 per share, with EPS estimates ranging from $2.44 to $2.93. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Texas Roadhouse.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Tuesday, February 19th. The restaurant operator reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.02. Texas Roadhouse had a return on equity of 17.06% and a net margin of 6.44%. The business had revenue of $605.91 million for the quarter, compared to analyst estimates of $599.06 million. During the same quarter in the prior year, the company posted $0.40 EPS. The company’s quarterly revenue was up 11.2% on a year-over-year basis.

Several equities analysts have recently commented on the company. Stifel Nicolaus lowered Texas Roadhouse from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research note on Tuesday, January 22nd. Wedbush reissued a “hold” rating and set a $62.00 target price on shares of Texas Roadhouse in a research note on Wednesday, February 20th. Zacks Investment Research raised Texas Roadhouse from a “sell” rating to a “hold” rating in a research note on Tuesday, February 19th. Goldman Sachs Group raised Texas Roadhouse from a “neutral” rating to a “buy” rating and increased their target price for the stock from $64.00 to $72.00 in a research note on Friday, January 11th. Finally, BidaskClub raised Texas Roadhouse from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 10th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $65.71.

In other news, Director Kathy Widmer sold 3,000 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $60.91, for a total value of $182,730.00. Following the transaction, the director now owns 12,400 shares in the company, valued at approximately $755,284. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Douglas W. Thompson sold 6,000 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $59.07, for a total value of $354,420.00. Following the completion of the transaction, the chief operating officer now owns 45,530 shares in the company, valued at approximately $2,689,457.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,247 shares of company stock worth $2,673,820. 5.89% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pennsylvania Trust Co purchased a new position in shares of Texas Roadhouse in the 1st quarter valued at about $344,000. Sumitomo Life Insurance Co. increased its holdings in shares of Texas Roadhouse by 53.1% in the 1st quarter. Sumitomo Life Insurance Co. now owns 28,685 shares of the restaurant operator’s stock valued at $1,784,000 after acquiring an additional 9,946 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Texas Roadhouse by 962.6% in the 1st quarter. Meeder Asset Management Inc. now owns 2,901 shares of the restaurant operator’s stock valued at $181,000 after acquiring an additional 2,628 shares during the last quarter. BTIM Corp. increased its holdings in shares of Texas Roadhouse by 0.5% in the 1st quarter. BTIM Corp. now owns 419,669 shares of the restaurant operator’s stock valued at $26,100,000 after acquiring an additional 1,915 shares during the last quarter. Finally, Sciencast Management LP purchased a new position in shares of Texas Roadhouse in the 1st quarter valued at about $214,000. Institutional investors and hedge funds own 89.75% of the company’s stock.

Shares of Texas Roadhouse stock traded up $0.71 during trading hours on Friday, hitting $59.85. The company’s stock had a trading volume of 700,056 shares, compared to its average volume of 806,232. Texas Roadhouse has a twelve month low of $56.33 and a twelve month high of $75.24. The firm has a market cap of $4.29 billion, a PE ratio of 27.20, a price-to-earnings-growth ratio of 2.09 and a beta of 0.67.

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Wednesday, March 13th were issued a dividend of $0.30 per share. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $1.20 annualized dividend and a yield of 2.01%. Texas Roadhouse’s dividend payout ratio is 54.55%.

Texas Roadhouse Company Profile

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 19, 2019, it owned and operated approximately 580 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

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