Texas Roadhouse (NASDAQ:TXRH) Issues Earnings Results

Texas Roadhouse (NASDAQ:TXRH) posted its quarterly earnings data on Thursday. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07, Zacks reports. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH opened at $171.57 on Friday. The stock’s 50-day simple moving average is $179.58 and its two-hundred day simple moving average is $180.02. Texas Roadhouse has a 52-week low of $144.82 and a 52-week high of $206.04. The stock has a market capitalization of $11.45 billion, a price-to-earnings ratio of 29.48, a PEG ratio of 1.25 and a beta of 1.02.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TXRH shares. Truist Financial increased their price objective on Texas Roadhouse from $207.00 to $209.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Loop Capital cut their target price on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Stifel Nicolaus cut their target price on Texas Roadhouse from $195.00 to $185.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Barclays cut their target price on Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, BMO Capital Markets increased their target price on Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.45.

Insider Transactions at Texas Roadhouse

In other news, insider Christopher C. Colson sold 1,370 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $179.46, for a total value of $245,860.20. Following the transaction, the insider now owns 10,000 shares of the company’s stock, valued at $1,794,600. This trade represents a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

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.