Brokerages predict that Texas Roadhouse, Inc. (NASDAQ:TXRH) will announce $538.65 million in sales for the current quarter, Zacks reports. Eight analysts have made estimates for Texas Roadhouse’s earnings, with the lowest sales estimate coming in at $536.48 million and the highest estimate coming in at $541.88 million. Texas Roadhouse posted sales of $481.64 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.8%. The firm is scheduled to announce its next earnings results after the market closes on Monday, October 30th.
On average, analysts expect that Texas Roadhouse will report full-year sales of $538.65 million for the current fiscal year, with estimates ranging from $2.21 billion to $2.22 billion. For the next year, analysts anticipate that the firm will post sales of $2.43 billion per share, with estimates ranging from $2.40 billion to $2.45 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Texas Roadhouse.
Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Monday, July 31st. The restaurant operator reported $0.53 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.53. Texas Roadhouse had a net margin of 5.63% and a return on equity of 16.49%. The business had revenue of $566.30 million for the quarter, compared to analyst estimates of $563.23 million. During the same quarter in the previous year, the business earned $0.47 earnings per share. The firm’s revenue was up 11.3% compared to the same quarter last year.
A number of analysts have recently issued reports on the stock. Barclays PLC lifted their price objective on shares of Texas Roadhouse from $53.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, August 1st. Robert W. Baird set a $56.00 price objective on shares of Texas Roadhouse and gave the stock a “buy” rating in a research report on Wednesday, August 30th. BidaskClub raised shares of Texas Roadhouse from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th. Stifel Nicolaus began coverage on shares of Texas Roadhouse in a research report on Monday, October 2nd. They set a “buy” rating and a $55.00 price objective for the company. Finally, Zacks Investment Research raised shares of Texas Roadhouse from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $50.79.
In other news, Director Kathy Widmer sold 2,000 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $47.95, for a total value of $95,900.00. Following the sale, the director now directly owns 11,750 shares in the company, valued at approximately $563,412.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider S. Chris Jacobsen sold 2,500 shares of Texas Roadhouse stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $49.25, for a total value of $123,125.00. Following the completion of the sale, the insider now owns 15,184 shares in the company, valued at $747,812. The disclosure for this sale can be found here. 7.40% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TXRH. UBS Asset Management Americas Inc. boosted its position in shares of Texas Roadhouse by 21.1% during the first quarter. UBS Asset Management Americas Inc. now owns 35,635 shares of the restaurant operator’s stock valued at $1,587,000 after purchasing an additional 6,200 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Texas Roadhouse by 22.0% in the first quarter. Envestnet Asset Management Inc. now owns 13,119 shares of the restaurant operator’s stock worth $584,000 after acquiring an additional 2,366 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Texas Roadhouse by 3.3% in the first quarter. JPMorgan Chase & Co. now owns 558,674 shares of the restaurant operator’s stock worth $24,877,000 after acquiring an additional 17,708 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Texas Roadhouse by 11.1% in the first quarter. SG Americas Securities LLC now owns 20,141 shares of the restaurant operator’s stock worth $897,000 after acquiring an additional 2,013 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Texas Roadhouse by 227.8% in the first quarter. Victory Capital Management Inc. now owns 4,170 shares of the restaurant operator’s stock worth $186,000 after acquiring an additional 2,898 shares in the last quarter. Institutional investors own 85.98% of the company’s stock.
Texas Roadhouse (NASDAQ TXRH) traded down 0.12% during midday trading on Monday, hitting $49.78. 284,760 shares of the stock were exchanged. Texas Roadhouse has a one year low of $37.99 and a one year high of $51.91. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 29.97 and a beta of 0.57. The company has a 50 day moving average price of $48.15 and a 200 day moving average price of $48.40.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Wednesday, September 13th were paid a $0.21 dividend. The ex-dividend date was Tuesday, September 12th. This represents a $0.84 dividend on an annualized basis and a yield of 1.69%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 50.60%.
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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.
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