Texas Roadhouse (NASDAQ:TXRH – Get Rating) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 5th. Analysts expect Texas Roadhouse to post earnings of $0.92 per share for the quarter. Persons that wish to listen to the company’s conference call can do so using this link.
Texas Roadhouse (NASDAQ:TXRH – Get Rating) last announced its earnings results on Tuesday, February 22nd. The restaurant operator reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. Texas Roadhouse had a net margin of 7.08% and a return on equity of 23.21%. The firm had revenue of $895.59 million for the quarter, compared to analyst estimates of $892.53 million. During the same quarter in the previous year, the firm posted $0.28 EPS. The company’s revenue for the quarter was up 40.4% compared to the same quarter last year. On average, analysts expect Texas Roadhouse to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of TXRH opened at $82.01 on Thursday. The company has a 50-day simple moving average of $83.47 and a two-hundred day simple moving average of $86.53. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.94 and a quick ratio of 0.88. The firm has a market capitalization of $5.67 billion, a PE ratio of 23.43, a price-to-earnings-growth ratio of 2.32 and a beta of 0.99. Texas Roadhouse has a one year low of $69.54 and a one year high of $110.75.
In related news, Director Gregory N. Moore sold 1,000 shares of the business’s stock in a transaction on Tuesday, March 22nd. The shares were sold at an average price of $85.00, for a total value of $85,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Christopher C. Colson sold 4,000 shares of the stock in a transaction on Friday, February 25th. The shares were sold at an average price of $89.76, for a total transaction of $359,040.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,799 shares of company stock worth $872,001. 4.99% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in TXRH. Morgan Stanley lifted its holdings in shares of Texas Roadhouse by 128.3% in the 2nd quarter. Morgan Stanley now owns 149,780 shares of the restaurant operator’s stock worth $14,409,000 after acquiring an additional 84,178 shares during the last quarter. LPL Financial LLC grew its stake in Texas Roadhouse by 10.1% in the 3rd quarter. LPL Financial LLC now owns 7,718 shares of the restaurant operator’s stock worth $717,000 after acquiring an additional 710 shares in the last quarter. Barclays PLC grew its stake in Texas Roadhouse by 4.7% in the 4th quarter. Barclays PLC now owns 514,192 shares of the restaurant operator’s stock worth $45,906,000 after acquiring an additional 23,296 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Texas Roadhouse by 40.2% during the fourth quarter. Cetera Investment Advisers now owns 4,206 shares of the restaurant operator’s stock worth $375,000 after acquiring an additional 1,205 shares during the period. Finally, Mackenzie Financial Corp raised its stake in shares of Texas Roadhouse by 9.3% during the fourth quarter. Mackenzie Financial Corp now owns 4,366 shares of the restaurant operator’s stock valued at $390,000 after acquiring an additional 372 shares in the last quarter. Hedge funds and other institutional investors own 94.62% of the company’s stock.
A number of equities analysts have weighed in on the stock. Royal Bank of Canada raised their target price on shares of Texas Roadhouse from $100.00 to $105.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 23rd. Gordon Haskett raised Texas Roadhouse from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Monday, February 28th. Citigroup initiated coverage on Texas Roadhouse in a report on Tuesday, April 12th. They issued a “buy” rating and a $105.00 target price on the stock. Robert W. Baird raised their price target on Texas Roadhouse from $90.00 to $98.00 in a report on Wednesday, February 23rd. Finally, BMO Capital Markets upped their price target on shares of Texas Roadhouse from $85.00 to $95.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 23rd. Ten investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $107.35.
About Texas Roadhouse (Get Rating)
Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names. As of December 28, 2021, it operated 566 domestic restaurants and 101 franchise restaurants.
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