Analysts predict that Texas Roadhouse Inc (NASDAQ:TXRH) will announce earnings of $0.54 per share for the current quarter, according to Zacks. Seven analysts have made estimates for Texas Roadhouse’s earnings, with estimates ranging from $0.53 to $0.57. Texas Roadhouse reported earnings of $0.43 per share during the same quarter last year, which would indicate a positive year over year growth rate of 25.6%. The business is scheduled to report its next earnings results after the market closes on Monday, October 29th.

On average, analysts expect that Texas Roadhouse will report full-year earnings of $2.33 per share for the current fiscal year, with EPS estimates ranging from $2.30 to $2.37. For the next financial year, analysts expect that the business will post earnings of $2.66 per share, with EPS estimates ranging from $2.54 to $2.86. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Texas Roadhouse.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Monday, July 30th. The restaurant operator reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). The firm had revenue of $629.24 million for the quarter, compared to analyst estimates of $634.52 million. Texas Roadhouse had a return on equity of 18.15% and a net margin of 6.76%. Texas Roadhouse’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 earnings per share.

A number of research analysts recently issued reports on the company. Wedbush lowered Texas Roadhouse from an “outperform” rating to a “neutral” rating and set a $67.00 target price on the stock. in a report on Monday, September 10th. They noted that the move was a valuation call. Robert W. Baird lowered Texas Roadhouse from an “outperform” rating to a “neutral” rating and set a $74.00 target price on the stock. in a report on Monday, September 10th. BidaskClub raised Texas Roadhouse from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 11th. Stephens lowered Texas Roadhouse from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $75.00 to $70.00 in a report on Wednesday, September 12th. They noted that the move was a valuation call. Finally, BTIG Research lowered Texas Roadhouse from a “buy” rating to a “neutral” rating in a report on Thursday, September 13th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $63.96.

NASDAQ:TXRH traded up $2.41 during mid-day trading on Tuesday, reaching $68.92. 680,300 shares of the stock were exchanged, compared to its average volume of 743,379. The firm has a market cap of $4.95 billion, a P/E ratio of 34.50, a PEG ratio of 2.51 and a beta of 0.62. Texas Roadhouse has a 1-year low of $47.70 and a 1-year high of $75.24.

The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Wednesday, September 12th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, September 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.45%. Texas Roadhouse’s dividend payout ratio (DPR) is 50.76%.

In other Texas Roadhouse news, insider S. Chris Jacobsen sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $70.00, for a total transaction of $105,000.00. Following the completion of the sale, the insider now directly owns 15,033 shares in the company, valued at approximately $1,052,310. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Douglas W. Thompson sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of $68.75, for a total value of $687,500.00. Following the sale, the chief operating officer now owns 38,519 shares of the company’s stock, valued at $2,648,181.25. The disclosure for this sale can be found here. Insiders sold a total of 14,023 shares of company stock valued at $973,715 in the last quarter. 5.89% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC boosted its position in Texas Roadhouse by 44.9% during the 2nd quarter. FMR LLC now owns 2,170,345 shares of the restaurant operator’s stock worth $142,179,000 after acquiring an additional 672,768 shares during the period. Northern Trust Corp lifted its holdings in shares of Texas Roadhouse by 1.8% during the 2nd quarter. Northern Trust Corp now owns 1,285,587 shares of the restaurant operator’s stock valued at $84,219,000 after buying an additional 23,198 shares during the last quarter. Lord Abbett & CO. LLC lifted its holdings in shares of Texas Roadhouse by 11.3% during the 1st quarter. Lord Abbett & CO. LLC now owns 807,529 shares of the restaurant operator’s stock valued at $46,659,000 after buying an additional 81,975 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Texas Roadhouse by 0.7% during the 1st quarter. Royal Bank of Canada now owns 729,337 shares of the restaurant operator’s stock valued at $42,141,000 after buying an additional 4,883 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Texas Roadhouse by 1.3% during the 2nd quarter. Jennison Associates LLC now owns 658,556 shares of the restaurant operator’s stock valued at $43,142,000 after buying an additional 8,242 shares during the last quarter. Hedge funds and other institutional investors own 91.41% 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. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of February 20, 2018, it owned and operated approximately 550 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

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