Equities research analysts expect Texas Roadhouse Inc (NASDAQ:TXRH) to announce $0.75 earnings per share for the current quarter, Zacks reports. Nine analysts have issued estimates for Texas Roadhouse’s earnings, with the highest EPS estimate coming in at $0.80 and the lowest estimate coming in at $0.69. Texas Roadhouse posted earnings of $0.61 per share in the same quarter last year, which would suggest a positive year over year growth rate of 23%. The firm is scheduled to report its next quarterly earnings results on Monday, May 7th.
According to Zacks, analysts expect that Texas Roadhouse will report full-year earnings of $2.35 per share for the current financial year, with EPS estimates ranging from $2.22 to $2.47. For the next financial year, analysts forecast that the company will report earnings of $2.65 per share, with EPS estimates ranging from $2.55 to $2.81. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Texas Roadhouse.
Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Tuesday, February 20th. The restaurant operator reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. Texas Roadhouse had a net margin of 5.93% and a return on equity of 17.20%. The firm had revenue of $545.10 million for the quarter, compared to analysts’ expectations of $545.24 million. During the same quarter last year, the business earned $0.29 earnings per share. The business’s revenue was up 12.5% on a year-over-year basis.
A number of analysts recently commented on the company. Mizuho assumed coverage on Texas Roadhouse in a research note on Thursday. They issued a “buy” rating and a $66.00 price target for the company. BMO Capital Markets set a $60.00 price target on Texas Roadhouse and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Zacks Investment Research raised Texas Roadhouse from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research note on Wednesday, January 31st. Jefferies Group reaffirmed a “hold” rating and issued a $53.00 price target on shares of Texas Roadhouse in a research note on Friday, February 23rd. Finally, BidaskClub raised Texas Roadhouse from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the stock. Texas Roadhouse currently has an average rating of “Hold” and an average target price of $58.81.
In other Texas Roadhouse news, CFO Scott Matthew Colosi sold 22,403 shares of the firm’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $56.43, for a total transaction of $1,264,201.29. Following the completion of the transaction, the chief financial officer now owns 96,971 shares of the company’s stock, valued at $5,472,073.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Celia Catlett sold 6,337 shares of the firm’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $56.11, for a total value of $355,569.07. Following the transaction, the general counsel now directly owns 26,337 shares of the company’s stock, valued at approximately $1,477,769.07. The disclosure for this sale can be found here. Insiders have sold 56,418 shares of company stock valued at $3,219,565 in the last three months. Insiders own 6.60% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its holdings in shares of Texas Roadhouse by 22.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 15,537 shares of the restaurant operator’s stock valued at $818,000 after acquiring an additional 2,807 shares in the last quarter. We Are One Seven LLC bought a new position in shares of Texas Roadhouse during the fourth quarter valued at $377,000. MetLife Investment Advisors LLC bought a new position in shares of Texas Roadhouse during the fourth quarter valued at $3,815,000. Castleark Management LLC bought a new position in shares of Texas Roadhouse during the fourth quarter valued at $5,578,000. Finally, Vident Investment Advisory LLC increased its holdings in shares of Texas Roadhouse by 78.8% during the fourth quarter. Vident Investment Advisory LLC now owns 9,460 shares of the restaurant operator’s stock valued at $498,000 after acquiring an additional 4,170 shares in the last quarter. 87.73% of the stock is owned by institutional investors and hedge funds.
Shares of Texas Roadhouse stock opened at $58.70 on Friday. Texas Roadhouse has a 52 week low of $42.83 and a 52 week high of $60.43. The company has a market capitalization of $4,188.54, a price-to-earnings ratio of 31.90, a P/E/G ratio of 1.97 and a beta of 0.64. The company has a quick ratio of 0.73, a current ratio of 0.78 and a debt-to-equity ratio of 0.06.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Wednesday, March 14th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, March 13th. This represents a $1.00 annualized dividend and a yield of 1.70%. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.21. Texas Roadhouse’s dividend payout ratio (DPR) is currently 54.35%.
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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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