Texas Roadhouse (TXRH) Scheduled to Post Earnings on Thursday

Texas Roadhouse (NASDAQ:TXRH) is scheduled to release its earnings data after the market closes on Thursday, October 24th. Analysts expect Texas Roadhouse to post earnings of $1.32 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.15. Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the company posted $1.22 EPS. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. On average, analysts expect Texas Roadhouse to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Texas Roadhouse Trading Down 0.3 %

Shares of NASDAQ TXRH opened at $180.43 on Wednesday. The stock has a market capitalization of $12.03 billion, a PE ratio of 32.75, a PEG ratio of 1.66 and a beta of 0.99. Texas Roadhouse has a twelve month low of $93.79 and a twelve month high of $184.19. The stock has a fifty day simple moving average of $171.56 and a 200-day simple moving average of $167.89.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.44 annualized dividend and a dividend yield of 1.35%. Texas Roadhouse’s dividend payout ratio is presently 44.28%.

Analyst Ratings Changes

A number of research analysts recently issued reports on TXRH shares. Citigroup lifted their target price on Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Wedbush reiterated an “outperform” rating and issued a $190.00 price target on shares of Texas Roadhouse in a research note on Tuesday, September 24th. Bank of America increased their price objective on shares of Texas Roadhouse from $206.00 to $234.00 and gave the company a “buy” rating in a research report on Tuesday. Evercore ISI lifted their price objective on shares of Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Finally, BTIG Research boosted their target price on shares of Texas Roadhouse from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Twelve equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $178.60.

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.