Texas Roadhouse (TXRH) Set to Announce Earnings on Thursday

Texas Roadhouse (NASDAQ:TXRH) is set to post its quarterly earnings results after the market closes on Thursday, October 24th. Analysts expect Texas Roadhouse to post earnings of $1.32 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.15. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. Texas Roadhouse’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the business earned $1.22 EPS. On average, analysts expect Texas Roadhouse to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Texas Roadhouse Stock Down 1.6 %

Shares of TXRH opened at $181.02 on Tuesday. The firm has a market cap of $12.07 billion, a PE ratio of 32.85, a price-to-earnings-growth ratio of 1.66 and a beta of 0.99. The company’s fifty day moving average is $171.34 and its two-hundred day moving average is $167.68. Texas Roadhouse has a fifty-two week low of $93.79 and a fifty-two week high of $184.19.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Wednesday, September 4th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.44 annualized dividend and a dividend yield of 1.35%. Texas Roadhouse’s payout ratio is 44.28%.

Analyst Ratings Changes

Several research firms recently weighed in on TXRH. Wedbush restated an “outperform” rating and set a $190.00 target price on shares of Texas Roadhouse in a report on Tuesday, September 24th. Guggenheim lifted their target price on shares of Texas Roadhouse from $190.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Evercore ISI lifted their target price on shares of Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Stephens lifted their target price on shares of Texas Roadhouse from $170.00 to $176.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. Finally, Citigroup lifted their target price on shares of Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Twelve research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $177.15.

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.