Texas Roadhouse, Inc. (TXRH) Issues Earnings Results

Texas Roadhouse, Inc. (NASDAQ:TXRH) released its earnings results on Monday, July 31st. The restaurant operator reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53, Bloomberg Earnings reports. The business had revenue of $566.30 million during the quarter, compared to analysts’ expectations of $563.23 million. Texas Roadhouse had a net margin of 5.63% and a return on equity of 16.49%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.47 earnings per share.

Texas Roadhouse (NASDAQ:TXRH) opened at 48.58 on Friday. The stock has a market capitalization of $3.45 billion, a P/E ratio of 29.25 and a beta of 0.54. The company has a 50 day moving average of $49.61 and a 200-day moving average of $47.36. Texas Roadhouse has a 52-week low of $37.23 and a 52-week high of $51.91.

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Several research firms have weighed in on TXRH. Zacks Investment Research upgraded shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Thursday, May 4th. Maxim Group reiterated a “buy” rating and issued a $52.00 target price on shares of Texas Roadhouse in a report on Thursday, April 27th. BMO Capital Markets restated a “hold” rating and issued a $48.00 price objective (up from $41.00) on shares of Texas Roadhouse in a report on Tuesday, May 2nd. Barclays PLC upped their price objective on shares of Texas Roadhouse from $53.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, August 1st. Finally, BidaskClub lowered shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $50.11.

In other Texas Roadhouse news, insider S. Chris Jacobsen sold 2,500 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $49.25, for a total transaction of $123,125.00. Following the completion of the sale, the insider now directly owns 15,184 shares of the company’s stock, valued at $747,812. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kathy Widmer sold 5,200 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $48.97, for a total transaction of $254,644.00. Following the sale, the director now directly owns 13,750 shares of the company’s stock, valued at $673,337.50. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of TXRH. Northwestern Mutual Investment Management Company LLC raised its stake in Texas Roadhouse by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 11,092 shares of the restaurant operator’s stock worth $494,000 after buying an additional 32 shares in the last quarter. Seven Bridges Advisors LLC raised its stake in Texas Roadhouse by 0.5% in the second quarter. Seven Bridges Advisors LLC now owns 8,077 shares of the restaurant operator’s stock worth $412,000 after buying an additional 39 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Texas Roadhouse by 0.3% in the first quarter. PNC Financial Services Group Inc. now owns 27,680 shares of the restaurant operator’s stock worth $1,232,000 after buying an additional 78 shares in the last quarter. YorkBridge Wealth Partners LLC increased its position in shares of Texas Roadhouse by 4.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,159 shares of the restaurant operator’s stock worth $110,000 after buying an additional 87 shares in the last quarter. Finally, Sawtooth Solutions LLC increased its position in shares of Texas Roadhouse by 1.9% in the second quarter. Sawtooth Solutions LLC now owns 4,926 shares of the restaurant operator’s stock worth $251,000 after buying an additional 91 shares in the last quarter. 88.41% of the stock is owned by institutional investors.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.

Earnings History for Texas Roadhouse (NASDAQ:TXRH)

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