Texas Roadhouse (NASDAQ:TXRH) Announces Earnings Results, Beats Expectations By $0.15 EPS

Texas Roadhouse (NASDAQ:TXRH) posted its earnings results on Thursday. The restaurant operator reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.15, Briefing.com reports. Texas Roadhouse had a net margin of 7.47% and a return on equity of 31.68%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the company posted $1.22 earnings per share. Texas Roadhouse’s revenue for the quarter was up 14.5% compared to the same quarter last year.

Texas Roadhouse Trading Up 2.0 %

TXRH traded up $3.36 on Friday, reaching $169.38. The stock had a trading volume of 1,482,375 shares, compared to its average volume of 858,037. Texas Roadhouse has a 12-month low of $91.06 and a 12-month high of $175.72. The business’s 50-day moving average price is $169.75 and its two-hundred day moving average price is $154.28. The company has a market cap of $11.31 billion, a P/E ratio of 34.29, a price-to-earnings-growth ratio of 1.63 and a beta of 1.01.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Wednesday, June 12th were issued a $0.61 dividend. The ex-dividend date was Wednesday, June 12th. This represents a $2.44 dividend on an annualized basis and a yield of 1.44%. Texas Roadhouse’s payout ratio is 49.39%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TXRH shares. Wells Fargo & Company increased their target price on shares of Texas Roadhouse from $165.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday. BTIG Research raised their price target on shares of Texas Roadhouse from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Friday. Evercore ISI raised their price target on shares of Texas Roadhouse from $175.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday. Morgan Stanley raised their price target on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 16th. Finally, Bank of America raised their price target on shares of Texas Roadhouse from $189.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $168.23.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Curtis Warfield sold 1,025 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $165.82, for a total transaction of $169,965.50. Following the completion of the sale, the director now owns 12,372 shares of the company’s stock, valued at $2,051,525.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Curtis Warfield sold 1,025 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $165.82, for a total transaction of $169,965.50. Following the completion of the sale, the director now owns 12,372 shares of the company’s stock, valued at $2,051,525.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Hernan E. Mujica sold 3,000 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $168.60, for a total transaction of $505,800.00. Following the sale, the chief technology officer now directly owns 17,842 shares of the company’s stock, valued at approximately $3,008,161.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,025 shares of company stock valued at $3,251,266. Corporate insiders own 0.50% of the company’s stock.

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.