Texas Roadhouse (NASDAQ:TXRH) Issues Quarterly Earnings Results

Texas Roadhouse (NASDAQ:TXRH) posted its quarterly earnings data on Thursday. The restaurant operator reported $1.69 EPS for the quarter, beating the consensus estimate of $1.65 by $0.04, Briefing.com reports. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. Texas Roadhouse had a net margin of 6.94% and a return on equity of 29.49%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the business posted $1.28 EPS.

Texas Roadhouse Trading Up 3.6 %

Texas Roadhouse stock opened at $163.61 on Friday. Texas Roadhouse has a 1-year low of $91.06 and a 1-year high of $170.39. The firm has a market capitalization of $10.93 billion, a price-to-earnings ratio of 33.12, a P/E/G ratio of 1.77 and a beta of 1.00. The firm has a 50 day simple moving average of $152.50 and a 200 day simple moving average of $129.78.

Texas Roadhouse Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 13th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.49%. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.55. The ex-dividend date was Tuesday, March 12th. Texas Roadhouse’s payout ratio is currently 49.39%.

Insider Activity at Texas Roadhouse

In related news, President Regina A. Tobin sold 3,064 shares of Texas Roadhouse stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $150.07, for a total value of $459,814.48. Following the completion of the transaction, the president now directly owns 15,261 shares in the company, valued at approximately $2,290,218.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, President Regina A. Tobin sold 3,064 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $150.07, for a total transaction of $459,814.48. Following the completion of the transaction, the president now directly owns 15,261 shares in the company, valued at approximately $2,290,218.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher C. Colson sold 405 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $149.05, for a total transaction of $60,365.25. Following the transaction, the insider now owns 8,500 shares of the company’s stock, valued at $1,266,925. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,382 shares of company stock worth $1,843,145. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TXRH. JPMorgan Chase & Co. increased their price objective on shares of Texas Roadhouse from $142.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. BMO Capital Markets increased their price objective on shares of Texas Roadhouse from $130.00 to $145.00 and gave the company a “market perform” rating in a research note on Friday. Truist Financial increased their target price on shares of Texas Roadhouse from $170.00 to $181.00 and gave the company a “buy” rating in a research report on Friday. Robert W. Baird raised their price target on shares of Texas Roadhouse from $178.00 to $182.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Wedbush raised their price target on shares of Texas Roadhouse from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday. Twelve research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $151.30.

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.