Texas Roadhouse (TXRH) to Release Earnings on Thursday

Texas Roadhouse (NASDAQ:TXRH) will post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Texas Roadhouse to post earnings of $1.62 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, February 15th. The restaurant operator reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. Texas Roadhouse had a net margin of 6.58% and a return on equity of 27.43%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the firm posted $0.89 earnings per share. The company’s revenue was up 15.3% on a year-over-year basis. On average, analysts expect Texas Roadhouse to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Texas Roadhouse Trading Up 1.1 %

Shares of NASDAQ TXRH opened at $159.21 on Tuesday. Texas Roadhouse has a 1-year low of $91.06 and a 1-year high of $160.52. The company has a market cap of $10.64 billion, a PE ratio of 35.15, a P/E/G ratio of 1.71 and a beta of 0.99. The company has a 50-day moving average of $151.53 and a two-hundred day moving average of $128.18.

Texas Roadhouse Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 13th were paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.53%. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.55. The ex-dividend date was Tuesday, March 12th. Texas Roadhouse’s payout ratio is 53.86%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TXRH shares. Piper Sandler boosted their price target on shares of Texas Roadhouse from $110.00 to $136.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 20th. Truist Financial upped their price target on shares of Texas Roadhouse from $152.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Wedbush upped their price target on shares of Texas Roadhouse from $160.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Jefferies Financial Group increased their target price on shares of Texas Roadhouse from $120.00 to $136.00 and gave the stock a “hold” rating in a report on Tuesday, April 16th. Finally, Benchmark started coverage on shares of Texas Roadhouse in a research report on Wednesday, April 10th. They set a “hold” rating on the stock. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $138.76.

Insider Activity at Texas Roadhouse

In other news, Director Donna E. Epps sold 670 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $149.97, for a total value of $100,479.90. Following the sale, the director now directly owns 4,142 shares in the company, valued at approximately $621,175.74. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Donna E. Epps sold 670 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $149.97, for a total value of $100,479.90. Following the sale, the director now directly owns 4,142 shares in the company, valued at approximately $621,175.74. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Curtis Warfield sold 2,365 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $148.68, for a total transaction of $351,628.20. Following the completion of the sale, the director now owns 13,397 shares in the company, valued at $1,991,865.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,382 shares of company stock worth $1,843,145. Corporate insiders own 0.50% of the company’s stock.

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.