Wall Street analysts expect Texas Roadhouse, Inc. (NASDAQ:TXRH) to report $0.51 earnings per share (EPS) for the current quarter, according to Zacks. Eleven analysts have issued estimates for Texas Roadhouse’s earnings. The highest EPS estimate is $0.60 and the lowest is $0.34. Texas Roadhouse reported earnings of $0.61 per share in the same quarter last year, which indicates a negative year over year growth rate of 16.4%. The business is scheduled to report its next quarterly earnings report on Thursday, February 18th.
On average, analysts expect that Texas Roadhouse will report full-year earnings of $0.68 per share for the current financial year, with EPS estimates ranging from $0.51 to $0.79. For the next financial year, analysts expect that the business will post earnings of $2.61 per share, with EPS estimates ranging from $2.04 to $2.98. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Texas Roadhouse.
Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Wednesday, October 28th. The restaurant operator reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.22. The business had revenue of $631.19 million during the quarter, compared to the consensus estimate of $614.91 million. Texas Roadhouse had a return on equity of 6.79% and a net margin of 2.46%.
A number of equities research analysts have weighed in on TXRH shares. Raymond James upped their target price on Texas Roadhouse from $88.00 to $90.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, December 8th. MKM Partners upped their target price on Texas Roadhouse from $68.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, October 29th. JPMorgan Chase & Co. upped their target price on Texas Roadhouse from $60.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 20th. ValuEngine downgraded Texas Roadhouse from a “buy” rating to a “hold” rating in a research report on Monday, November 2nd. Finally, Truist started coverage on Texas Roadhouse in a research report on Tuesday, January 5th. They issued a “buy” rating and a $93.00 target price for the company. Seventeen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Texas Roadhouse currently has a consensus rating of “Hold” and an average price target of $71.43.
In other Texas Roadhouse news, CEO Wayne Kent Taylor sold 100,000 shares of the business’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $69.24, for a total transaction of $6,924,000.00. Following the sale, the chief executive officer now directly owns 3,568,944 shares of the company’s stock, valued at approximately $247,113,682.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gregory N. Moore sold 1,000 shares of the business’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $70.58, for a total transaction of $70,580.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 426,381 shares of company stock worth $30,395,588. Company insiders own 6.16% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Diversified Trust Co grew its holdings in shares of Texas Roadhouse by 6.5% during the 4th quarter. Diversified Trust Co now owns 6,812 shares of the restaurant operator’s stock valued at $532,000 after acquiring an additional 417 shares in the last quarter. Strs Ohio grew its holdings in shares of Texas Roadhouse by 0.5% during the 3rd quarter. Strs Ohio now owns 128,000 shares of the restaurant operator’s stock valued at $7,781,000 after acquiring an additional 600 shares in the last quarter. Brinker Capital Investments LLC purchased a new position in shares of Texas Roadhouse during the 3rd quarter valued at $1,377,000. Paloma Partners Management Co purchased a new position in shares of Texas Roadhouse during the 3rd quarter valued at $1,168,000. Finally, Voloridge Investment Management LLC purchased a new position in shares of Texas Roadhouse during the 3rd quarter valued at $1,590,000. Institutional investors and hedge funds own 93.33% of the company’s stock.
Shares of NASDAQ TXRH opened at $79.34 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 0.22. The stock has a 50 day simple moving average of $77.74 and a 200-day simple moving average of $65.95. The company has a market cap of $5.51 billion, a PE ratio of 90.16, a P/E/G ratio of 21.46 and a beta of 0.97. Texas Roadhouse has a 12-month low of $25.15 and a 12-month high of $84.27.
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 December 31, 2019, it operated 514 domestic restaurants and 97 franchise restaurants.
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