Texas Roadhouse (NASDAQ:TXRH) Posts Earnings Results, Beats Expectations By $0.01 EPS

Texas Roadhouse (NASDAQ:TXRH) released its quarterly earnings data on Monday, July 29th. The restaurant operator reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01, Briefing.com reports. The business had revenue of $689.80 million during the quarter, compared to the consensus estimate of $688.11 million. Texas Roadhouse had a return on equity of 16.30% and a net margin of 5.99%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.62 EPS.

Shares of NASDAQ:TXRH traded down $0.58 during trading hours on Wednesday, hitting $49.47. The stock had a trading volume of 780,411 shares, compared to its average volume of 951,067. Texas Roadhouse has a 1-year low of $49.33 and a 1-year high of $75.24. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.56 and a current ratio of 0.61. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 1.99 and a beta of 0.60. The stock’s fifty day simple moving average is $53.96 and its 200 day simple moving average is $57.35.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Wednesday, September 11th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.20 annualized dividend and a dividend yield of 2.43%. Texas Roadhouse’s payout ratio is currently 54.55%.

Several analysts recently issued reports on the company. Raymond James reiterated a “hold” rating on shares of Texas Roadhouse in a report on Friday, June 21st. Telsey Advisory Group reiterated a “market perform” rating and issued a $60.00 price target (up from $58.00) on shares of Texas Roadhouse in a report on Tuesday, July 30th. UBS Group lowered their price target on Texas Roadhouse from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. BTIG Research upgraded Texas Roadhouse from a “neutral” rating to a “buy” rating and set a $64.00 price target for the company in a report on Friday, May 17th. Finally, Wells Fargo & Co lowered their price target on Texas Roadhouse from $63.00 to $58.00 and set a “market perform” rating for the company in a report on Tuesday, April 30th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the stock. Texas Roadhouse has a consensus rating of “Hold” and an average price target of $62.70.

In other Texas Roadhouse news, Director Gregory N. Moore sold 23,000 shares of Texas Roadhouse stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $55.53, for a total transaction of $1,277,190.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider S. Chris Jacobsen sold 2,500 shares of Texas Roadhouse stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $60.00, for a total transaction of $150,000.00. Following the completion of the sale, the insider now directly owns 21,197 shares of the company’s stock, valued at approximately $1,271,820. The disclosure for this sale can be found here. 5.89% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. Truvestments Capital LLC bought a new stake in shares of Texas Roadhouse during the second quarter worth approximately $29,000. Advisory Services Network LLC raised its stake in shares of Texas Roadhouse by 49.6% during the second quarter. Advisory Services Network LLC now owns 603 shares of the restaurant operator’s stock worth $32,000 after buying an additional 200 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Texas Roadhouse during the second quarter worth approximately $47,000. Ellis Investment Partners LLC bought a new stake in shares of Texas Roadhouse during the first quarter worth approximately $55,000. Finally, Tower Research Capital LLC TRC increased its stake in Texas Roadhouse by 1,573.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,021 shares of the restaurant operator’s stock valued at $55,000 after purchasing an additional 960 shares in the last quarter. Institutional investors own 87.71% 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. 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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