Equities research analysts predict that Texas Roadhouse Inc (NASDAQ:TXRH) will announce $648.60 million in sales for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Texas Roadhouse’s earnings. The highest sales estimate is $654.71 million and the lowest is $641.47 million. Texas Roadhouse reported sales of $594.60 million during the same quarter last year, which would suggest a positive year over year growth rate of 9.1%. The firm is scheduled to report its next earnings results after the market closes on Monday, October 28th.
On average, analysts expect that Texas Roadhouse will report full year sales of $2.74 billion for the current fiscal year, with estimates ranging from $2.73 billion to $2.75 billion. For the next year, analysts anticipate that the firm will post sales of $2.95 billion, with estimates ranging from $2.93 billion to $2.97 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Texas Roadhouse.
Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Monday, July 29th. The restaurant operator reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. Texas Roadhouse had a return on equity of 16.30% and a net margin of 5.99%. The firm had revenue of $689.80 million during the quarter, compared to the consensus estimate of $688.11 million. During the same quarter in the prior year, the firm posted $0.62 EPS. The business’s revenue was up 9.6% on a year-over-year basis.
Several research firms have recently commented on TXRH. Zacks Investment Research downgraded Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. Deutsche Bank began coverage on Texas Roadhouse in a report on Friday, June 28th. They issued a “hold” rating and a $56.00 price objective for the company. Morgan Stanley cut their price objective on Texas Roadhouse from $59.00 to $54.00 and set an “equal weight” rating for the company in a report on Friday. BidaskClub raised Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Wednesday, August 28th. Finally, Raymond James reissued a “hold” rating on shares of Texas Roadhouse in a report on Friday, June 21st. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have issued a buy rating to the stock. Texas Roadhouse currently has a consensus rating of “Hold” and a consensus price target of $60.70.
Shares of NASDAQ TXRH traded up $0.46 during trading hours on Friday, hitting $48.61. The company had a trading volume of 41,463 shares, compared to its average volume of 779,290. The stock has a market capitalization of $3.44 billion, a P/E ratio of 22.18, a price-to-earnings-growth ratio of 1.92 and a beta of 0.63. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 0.58. Texas Roadhouse has a 1-year low of $48.07 and a 1-year high of $69.74. The firm’s 50 day moving average is $51.59 and its 200-day moving average is $54.35.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Wednesday, September 11th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.47%. The ex-dividend date was Tuesday, September 10th. Texas Roadhouse’s dividend payout ratio is 54.55%.
In other Texas Roadhouse news, insider S. Chris Jacobsen sold 2,500 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $60.00, for a total transaction of $150,000.00. Following the transaction, the insider now owns 21,197 shares in the company, valued at approximately $1,271,820. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gregory N. Moore sold 23,000 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $55.53, for a total value of $1,277,190.00. The disclosure for this sale can be found here. Company insiders own 5.89% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Truvestments Capital LLC bought a new position in Texas Roadhouse during the 2nd quarter worth $29,000. Advisory Services Network LLC increased its position in Texas Roadhouse by 49.6% during the 2nd quarter. Advisory Services Network LLC now owns 603 shares of the restaurant operator’s stock worth $32,000 after buying an additional 200 shares during the period. Steward Partners Investment Advisory LLC bought a new position in Texas Roadhouse during the 2nd quarter worth $47,000. Tower Research Capital LLC TRC increased its position in Texas Roadhouse by 1,573.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,021 shares of the restaurant operator’s stock worth $55,000 after buying an additional 960 shares during the period. Finally, FTB Advisors Inc. increased its position in Texas Roadhouse by 129.8% during the 2nd quarter. FTB Advisors Inc. now owns 1,110 shares of the restaurant operator’s stock worth $59,000 after buying an additional 627 shares during the period. Hedge funds and other institutional investors own 89.25% 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. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of April 29, 2019, it owned and operated approximately 590 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.
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