Brokerages Expect Texas Roadhouse, Inc. (TXRH) Will Announce Quarterly Sales of $538.19 Million
Wall Street analysts forecast that Texas Roadhouse, Inc. (NASDAQ:TXRH) will announce sales of $538.19 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Texas Roadhouse’s earnings. The lowest sales estimate is $536.48 million and the highest is $539.19 million. Texas Roadhouse posted sales of $481.64 million in the same quarter last year, which suggests a positive year-over-year growth rate of 11.7%. The business is scheduled to issue its next earnings report on Tuesday, November 7th.
On average, analysts expect that Texas Roadhouse will report full year sales of $538.19 million for the current fiscal year, with estimates ranging from $2.21 billion to $2.22 billion. For the next year, analysts anticipate that the business will report sales of $2.43 billion per share, with estimates ranging from $2.40 billion to $2.45 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Texas Roadhouse.
Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Monday, July 31st. The restaurant operator reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. The business had revenue of $566.30 million during the quarter, compared to analyst estimates of $563.23 million. Texas Roadhouse had a net margin of 5.63% and a return on equity of 16.49%. Texas Roadhouse’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 EPS.
A number of research firms recently weighed in on TXRH. Robert W. Baird reaffirmed a “buy” rating and issued a $56.00 target price on shares of Texas Roadhouse in a research report on Tuesday. Jefferies Group LLC reiterated a “sell” rating and issued a $40.00 price target on shares of Texas Roadhouse in a research note on Thursday, August 31st. BidaskClub upgraded shares of Texas Roadhouse from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th. BMO Capital Markets reiterated a “buy” rating and issued a $58.00 price target on shares of Texas Roadhouse in a research note on Wednesday, August 2nd. Finally, Barclays PLC increased their price target on shares of Texas Roadhouse from $53.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $50.56.
Texas Roadhouse (TXRH) traded up 0.06% on Wednesday, reaching $48.12. 529,200 shares of the company’s stock were exchanged. The firm has a market cap of $3.42 billion, a PE ratio of 28.97 and a beta of 0.56. The firm’s 50-day moving average is $48.00 and its 200-day moving average is $47.67. Texas Roadhouse has a 12 month low of $37.23 and a 12 month high of $51.91.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Tuesday, September 12th. Texas Roadhouse’s dividend payout ratio is presently 50.60%.
In related news, Director Kathy Widmer sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $47.95, for a total transaction of $95,900.00. Following the transaction, the director now directly owns 11,750 shares of the company’s stock, valued at $563,412.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider S. Chris Jacobsen sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $49.25, for a total transaction of $123,125.00. Following the transaction, the insider now directly owns 15,184 shares in the company, valued at $747,812. The disclosure for this sale can be found here. Company insiders own 7.40% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in TXRH. Great West Life Assurance Co. Can increased its position in Texas Roadhouse by 4.8% during the first quarter. Great West Life Assurance Co. Can now owns 38,867 shares of the restaurant operator’s stock worth $1,731,000 after acquiring an additional 1,779 shares during the period. State Treasurer State of Michigan increased its position in Texas Roadhouse by 1.6% during the first quarter. State Treasurer State of Michigan now owns 26,200 shares of the restaurant operator’s stock worth $1,167,000 after acquiring an additional 400 shares during the period. First Trust Advisors LP increased its position in Texas Roadhouse by 767.0% during the first quarter. First Trust Advisors LP now owns 64,277 shares of the restaurant operator’s stock worth $2,862,000 after acquiring an additional 56,863 shares during the period. Bank of New York Mellon Corp increased its position in Texas Roadhouse by 5.9% during the first quarter. Bank of New York Mellon Corp now owns 1,057,628 shares of the restaurant operator’s stock worth $47,097,000 after acquiring an additional 58,781 shares during the period. Finally, Comerica Bank increased its position in Texas Roadhouse by 4.2% during the first quarter. Comerica Bank now owns 40,981 shares of the restaurant operator’s stock worth $1,941,000 after acquiring an additional 1,665 shares during the period. 85.98% of the stock is currently owned by institutional investors and hedge funds.
About Texas Roadhouse
Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.
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