Texas Roadhouse (NASDAQ:TXRH) Issues Quarterly Earnings Results

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

Texas Roadhouse Stock Performance

Shares of TXRH opened at $169.38 on Friday. The company has a market cap of $11.31 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 1.63 and a beta of 1.01. The stock has a fifty day moving average price of $169.75 and a two-hundred day moving average price of $154.28. Texas Roadhouse has a 52-week low of $91.06 and a 52-week high of $175.72.

Texas Roadhouse Announces Dividend

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

Insider Transactions at Texas Roadhouse

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Stephens upped their target price on shares of Texas Roadhouse from $150.00 to $164.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Robert W. Baird increased their target price on shares of Texas Roadhouse from $178.00 to $182.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. boosted their price target on Texas Roadhouse from $145.00 to $184.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. Jefferies Financial Group raised their price objective on Texas Roadhouse from $120.00 to $136.00 and gave the stock a “hold” rating in a research report on Tuesday, April 16th. Finally, Evercore ISI lifted their price objective on Texas Roadhouse from $175.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday. Thirteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $168.23.

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.