Wall Street analysts expect Texas Roadhouse Inc (NASDAQ:TXRH) to announce $693.36 million in sales for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Texas Roadhouse’s earnings, with the highest sales estimate coming in at $700.29 million and the lowest estimate coming in at $687.46 million. Texas Roadhouse reported sales of $627.71 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.5%. The company is scheduled to issue its next earnings results after the market closes on Monday, April 29th.
On average, analysts expect that Texas Roadhouse will report full-year sales of $2.75 billion for the current financial year, with estimates ranging from $2.72 billion to $2.78 billion. For the next fiscal year, analysts anticipate that the company will post sales of $2.97 billion, with estimates ranging from $2.93 billion to $3.04 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Texas Roadhouse.
Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Tuesday, February 19th. The restaurant operator reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.02. The firm had revenue of $605.91 million for the quarter, compared to analyst estimates of $599.06 million. Texas Roadhouse had a net margin of 6.44% and a return on equity of 17.06%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 earnings per share.
TXRH has been the subject of several research analyst reports. BidaskClub lowered shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. Stephens upgraded shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and set a $70.00 price objective on the stock in a research report on Wednesday, March 20th. ValuEngine cut shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. Wedbush restated a “hold” rating and issued a $62.00 price objective on shares of Texas Roadhouse in a research report on Wednesday, February 20th. Finally, Zacks Investment Research upgraded shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research report on Tuesday, February 19th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $65.71.
NASDAQ:TXRH traded down $0.85 during mid-day trading on Friday, hitting $59.59. 14,566 shares of the company’s stock were exchanged, compared to its average volume of 655,475. Texas Roadhouse has a fifty-two week low of $56.33 and a fifty-two week high of $75.24. The company has a market cap of $4.29 billion, a PE ratio of 27.11, a P/E/G ratio of 2.09 and a beta of 0.67.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Wednesday, March 13th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 2.01%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 54.55%.
In other Texas Roadhouse news, President Scott Matthew Colosi sold 34,247 shares of the firm’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $62.39, for a total value of $2,136,670.33. Following the transaction, the president now owns 121,388 shares of the company’s stock, valued at $7,573,397.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kathy Widmer sold 3,000 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $60.91, for a total transaction of $182,730.00. Following the completion of the transaction, the director now directly owns 12,400 shares in the company, valued at approximately $755,284. The disclosure for this sale can be found here. Insiders have sold 43,247 shares of company stock valued at $2,673,820 over the last 90 days. Insiders own 5.89% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Texas Roadhouse by 4.9% in the third quarter. Vanguard Group Inc. now owns 6,042,344 shares of the restaurant operator’s stock valued at $418,675,000 after purchasing an additional 284,604 shares in the last quarter. Vanguard Group Inc grew its position in Texas Roadhouse by 4.9% during the third quarter. Vanguard Group Inc now owns 6,042,344 shares of the restaurant operator’s stock valued at $418,675,000 after buying an additional 284,604 shares during the period. Oregon Public Employees Retirement Fund grew its position in Texas Roadhouse by 5,870.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,541,514 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 1,515,693 shares during the period. JPMorgan Chase & Co. grew its position in Texas Roadhouse by 12.8% during the third quarter. JPMorgan Chase & Co. now owns 1,111,471 shares of the restaurant operator’s stock valued at $77,014,000 after buying an additional 126,398 shares during the period. Finally, GW&K Investment Management LLC lifted its holdings in Texas Roadhouse by 8.6% during the fourth quarter. GW&K Investment Management LLC now owns 1,088,032 shares of the restaurant operator’s stock valued at $64,956,000 after purchasing an additional 86,438 shares during the last quarter. 89.75% of the stock is currently owned by hedge funds and other institutional investors.
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 19, 2019, it owned and operated approximately 580 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.
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