Texas Roadhouse (TXRH) Scheduled to Post Quarterly Earnings on Thursday

Texas Roadhouse (NASDAQ:TXRH) will be announcing its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $1.62 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, February 15th. The restaurant operator reported $1.08 EPS for the quarter, beating the consensus estimate of $1.07 by $0.01. Texas Roadhouse had a return on equity of 27.43% and a net margin of 6.58%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the business earned $0.89 earnings per share. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. On average, analysts expect Texas Roadhouse to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Texas Roadhouse Trading Down 0.1 %

Texas Roadhouse stock opened at $156.76 on Thursday. Texas Roadhouse has a 12 month low of $91.06 and a 12 month high of $158.54. The stock’s 50 day moving average is $150.64 and its 200-day moving average is $126.62. The company has a market capitalization of $10.48 billion, a price-to-earnings ratio of 34.60, a PEG ratio of 1.67 and a beta of 0.99.

Texas Roadhouse Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 13th were given a dividend of $0.61 per share. The ex-dividend date was Tuesday, March 12th. This represents a $2.44 dividend on an annualized basis and a yield of 1.56%. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.55. Texas Roadhouse’s dividend payout ratio is currently 53.86%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TXRH shares. Truist Financial increased their price target on Texas Roadhouse from $152.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Jefferies Financial Group raised their target price on Texas Roadhouse from $120.00 to $136.00 and gave the company a “hold” rating in a report on Tuesday, April 16th. Northcoast Research downgraded Texas Roadhouse from a “buy” rating to a “neutral” rating in a report on Tuesday, February 20th. Benchmark assumed coverage on Texas Roadhouse in a report on Wednesday, April 10th. They issued a “hold” rating on the stock. Finally, UBS Group raised their target price on Texas Roadhouse from $145.00 to $155.00 and gave the company a “buy” rating in a report on Friday, February 16th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $138.76.

Insider Transactions at Texas Roadhouse

In other news, Director Curtis Warfield sold 2,365 shares of Texas Roadhouse stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $148.68, for a total transaction of $351,628.20. Following the transaction, the director now owns 13,397 shares in the company, valued at approximately $1,991,865.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Christopher C. Colson sold 405 shares of Texas Roadhouse 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 transaction, the insider now owns 8,500 shares in the company, valued at approximately $1,266,925. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Curtis Warfield sold 2,365 shares of Texas Roadhouse stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $148.68, for a total transaction of $351,628.20. Following the transaction, the director now owns 13,397 shares in the company, valued at approximately $1,991,865.96. The disclosure for this sale can be found here. Insiders have sold 12,382 shares of company stock worth $1,843,145 in the last 90 days. 0.50% of the stock is currently owned by insiders.

Texas Roadhouse Company Profile

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.