Texas Roadhouse (NASDAQ:TXRH) Posts Earnings Results, Beats Expectations By $0.15 EPS

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

Texas Roadhouse Price Performance

NASDAQ TXRH traded up $3.36 on Friday, hitting $169.38. 1,482,375 shares of the company were exchanged, compared to its average volume of 858,037. The company’s 50 day moving average price is $169.75 and its 200-day moving average price is $154.28. The firm has a market capitalization of $11.31 billion, a P/E ratio of 34.29, a price-to-earnings-growth ratio of 1.63 and a beta of 1.01. Texas Roadhouse has a twelve month low of $91.06 and a twelve month high of $175.72.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Wednesday, June 12th were given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.44%. The ex-dividend date was Wednesday, June 12th. Texas Roadhouse’s dividend payout ratio (DPR) is presently 49.39%.

Insiders Place Their Bets

In other Texas Roadhouse news, CEO Gerald L. Morgan sold 15,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $171.70, for a total transaction of $2,575,500.00. Following the sale, the chief executive officer now owns 77,847 shares in the company, valued at approximately $13,366,329.90. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Texas Roadhouse news, CEO Gerald L. Morgan sold 15,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $171.70, for a total transaction of $2,575,500.00. Following the sale, the chief executive officer now owns 77,847 shares in the company, valued at approximately $13,366,329.90. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Curtis Warfield sold 1,025 shares of the business’s 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 sale, the director now owns 12,372 shares in the company, valued at approximately $2,051,525.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,025 shares of company stock worth $3,251,266. Company insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on TXRH shares. Evercore ISI lifted their price target on shares of Texas Roadhouse from $175.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Texas Roadhouse from $190.00 to $193.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Wedbush boosted their target price on shares of Texas Roadhouse from $180.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Jefferies Financial Group boosted their target price on shares of Texas Roadhouse from $120.00 to $136.00 and gave the company a “hold” rating in a research note on Tuesday, April 16th. Finally, Robert W. Baird boosted 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. Thirteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Texas Roadhouse has a consensus 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.