Texas Roadhouse (TXRH) Set to Announce Earnings on Thursday

Texas Roadhouse (NASDAQ:TXRH) is set to release its earnings data after the market closes on Thursday, May 2nd. Analysts expect Texas Roadhouse to post earnings of $1.62 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, February 15th. The restaurant operator reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. Texas Roadhouse had a return on equity of 27.43% and a net margin of 6.58%. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.89 earnings per share. On average, analysts expect Texas Roadhouse to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Texas Roadhouse Stock Performance

Shares of TXRH stock opened at $160.78 on Wednesday. The stock’s fifty day moving average price is $151.80 and its two-hundred day moving average price is $128.66. The company has a market cap of $10.74 billion, a PE ratio of 35.49, a P/E/G ratio of 1.71 and a beta of 0.99. Texas Roadhouse has a fifty-two week low of $91.06 and a fifty-two week high of $161.58.

Texas Roadhouse Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 13th were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Tuesday, March 12th. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.55. Texas Roadhouse’s dividend payout ratio (DPR) is currently 53.86%.

Insider Activity

In other news, Director Curtis Warfield sold 2,365 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $148.68, for a total value of $351,628.20. Following the completion of the sale, the director now directly owns 13,397 shares in the company, valued at approximately $1,991,865.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Texas Roadhouse news, Director Curtis Warfield sold 2,365 shares of Texas Roadhouse stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $148.68, for a total transaction of $351,628.20. Following the completion of the transaction, the director now owns 13,397 shares in the company, valued at approximately $1,991,865.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher C. Colson sold 405 shares of Texas Roadhouse stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $149.05, for a total value of $60,365.25. Following the transaction, the insider now owns 8,500 shares of the company’s stock, valued at approximately $1,266,925. The disclosure for this sale can be found here. Insiders sold a total of 12,382 shares of company stock worth $1,843,145 in the last three months. Company insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TXRH. Benchmark began coverage on Texas Roadhouse in a report on Wednesday, April 10th. They issued a “hold” rating on the stock. Wells Fargo & Company raised their price objective on Texas Roadhouse from $125.00 to $140.00 and gave the company an “equal weight” rating in a report on Friday, February 16th. Truist Financial raised their price objective on Texas Roadhouse from $152.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. raised their price objective on Texas Roadhouse from $142.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Finally, BMO Capital Markets raised their price objective on Texas Roadhouse from $110.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, February 16th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $138.76.

About Texas Roadhouse

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.