Texas Roadhouse (NASDAQ:TXRH) Announces Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Texas Roadhouse (NASDAQ:TXRH) issued its earnings results on Thursday. The restaurant operator reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.04, Briefing.com reports. Texas Roadhouse had a net margin of 6.58% and a return on equity of 27.43%. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm earned $1.28 earnings per share. Texas Roadhouse’s quarterly revenue was up 12.5% compared to the same quarter last year.

Texas Roadhouse Stock Up 3.6 %

Texas Roadhouse stock traded up $5.71 during trading on Friday, reaching $163.61. The stock had a trading volume of 1,640,835 shares, compared to its average volume of 821,386. Texas Roadhouse has a 52-week low of $91.06 and a 52-week high of $170.39. The business has a 50 day moving average price of $152.50 and a 200 day moving average price of $129.54. The stock has a market cap of $10.93 billion, a PE ratio of 36.12, a P/E/G ratio of 1.70 and a beta of 1.00.

Texas Roadhouse Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 13th were paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.49%. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Tuesday, March 12th. Texas Roadhouse’s dividend payout ratio is presently 53.86%.

Insider Buying and Selling at Texas Roadhouse

In related news, insider Christopher C. Colson sold 405 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $149.05, for a total transaction of $60,365.25. Following the completion of the transaction, the insider now owns 8,500 shares in the company, valued at $1,266,925. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Christopher C. Colson sold 405 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $149.05, for a total transaction of $60,365.25. Following the sale, the insider now owns 8,500 shares of the company’s stock, valued at approximately $1,266,925. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donna E. Epps sold 670 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $149.97, for a total value of $100,479.90. Following the sale, the director now owns 4,142 shares of the company’s stock, valued at approximately $621,175.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,382 shares of company stock valued at $1,843,145. Insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TXRH. Stephens lifted their price target on shares of Texas Roadhouse from $150.00 to $164.00 and gave the company an “equal weight” rating in a research report on Friday. Jefferies Financial Group upped their price target on Texas Roadhouse from $120.00 to $136.00 and gave the company a “hold” rating in a research note on Tuesday, April 16th. Robert W. Baird raised their price objective on Texas Roadhouse from $178.00 to $182.00 and gave the stock an “outperform” rating in a research report on Friday. Benchmark initiated coverage on shares of Texas Roadhouse in a report on Wednesday, April 10th. They issued a “hold” rating on the stock. Finally, Royal Bank of Canada increased their target price on shares of Texas Roadhouse from $145.00 to $165.00 and gave the stock a “sector perform” rating in a research note on Friday. Twelve research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Texas Roadhouse has a consensus rating of “Hold” and a consensus price target of $151.30.

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.