Texas Roadhouse (NASDAQ:TXRH) Issues Earnings Results

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Texas Roadhouse (NASDAQ:TXRH) released its quarterly earnings results on Thursday. The restaurant operator reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.09, Briefing.com reports. The firm had revenue of $725.20 million for the quarter, compared to analyst estimates of $713.68 million. Texas Roadhouse had a net margin of 6.33% and a return on equity of 18.67%. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.42 earnings per share.

Shares of NASDAQ TXRH opened at $71.52 on Friday. Texas Roadhouse has a 1-year low of $47.52 and a 1-year high of $72.49. The company has a market cap of $4.61 billion, a PE ratio of 26.97, a P/E/G ratio of 2.29 and a beta of 0.58. The company has a current ratio of 0.50, a quick ratio of 0.44 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average of $60.91 and a two-hundred day moving average of $55.66.

In other Texas Roadhouse news, CMO S. Chris Jacobsen sold 2,500 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $65.00, for a total value of $162,500.00. Following the completion of the transaction, the chief marketing officer now directly owns 21,950 shares of the company’s stock, valued at $1,426,750. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 5.89% of the company’s stock.

TXRH has been the topic of a number of recent analyst reports. Wells Fargo & Co restated a “hold” rating and issued a $64.00 price target (up from $59.00) on shares of Texas Roadhouse in a research report on Friday. Telsey Advisory Group boosted their price target on shares of Texas Roadhouse from $66.00 to $72.00 and gave the company a “market perform” rating in a research report on Friday. Deutsche Bank restated a “hold” rating and issued a $58.00 price target on shares of Texas Roadhouse in a research report on Wednesday, October 30th. BTIG Research restated a “buy” rating and issued a $73.00 price target on shares of Texas Roadhouse in a research report on Tuesday, January 28th. Finally, Longbow Research boosted their price target on shares of Texas Roadhouse from $73.00 to $80.00 and gave the company a “buy” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Texas Roadhouse presently has a consensus rating of “Hold” and an average price target of $64.26.

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 April 29, 2019, it owned and operated approximately 590 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

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Earnings History for Texas Roadhouse (NASDAQ:TXRH)

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