Texas Roadhouse (NASDAQ:TXRH) is set to announce its earnings results after the market closes on Thursday, July 29th. Analysts expect the company to announce earnings of $1.01 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, April 29th. The restaurant operator reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.32. The business had revenue of $800.63 million for the quarter, compared to the consensus estimate of $744.86 million. Texas Roadhouse had a return on equity of 8.46% and a net margin of 3.12%. On average, analysts expect Texas Roadhouse to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of TXRH stock opened at $96.15 on Thursday. The business’s fifty day simple moving average is $96.54. The firm has a market capitalization of $6.71 billion, a P/E ratio of 85.09, a PEG ratio of 2.53 and a beta of 1.11. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.09 and a current ratio of 1.14. Texas Roadhouse has a 12-month low of $50.16 and a 12-month high of $110.75.
In related news, Director James R. Zarley sold 1,879 shares of the company’s stock in a transaction dated Wednesday, May 5th. The shares were sold at an average price of $105.01, for a total transaction of $197,313.79. Following the completion of the transaction, the director now owns 106,164 shares in the company, valued at approximately $11,148,281.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Christopher C. Colson sold 259 shares of the company’s stock in a transaction dated Monday, May 10th. The stock was sold at an average price of $104.03, for a total transaction of $26,943.77. Following the transaction, the general counsel now owns 1,625 shares of the company’s stock, valued at approximately $169,048.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,438 shares of company stock worth $680,230. Corporate insiders own 4.99% of the company’s stock.
A number of brokerages have recently issued reports on TXRH. Truist Securities upped their price target on Texas Roadhouse from $124.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, June 9th. Morgan Stanley boosted their price objective on shares of Texas Roadhouse from $94.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, April 30th. Evercore ISI boosted their price objective on shares of Texas Roadhouse from $83.00 to $95.00 in a report on Wednesday, March 31st. Raymond James boosted their price objective on shares of Texas Roadhouse from $108.00 to $120.00 and gave the company a “strong-buy” rating in a report on Friday, April 30th. Finally, Robert W. Baird reissued a “neutral” rating and set a $101.00 price objective on shares of Texas Roadhouse in a report on Monday, May 3rd. Thirteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $102.14.
Texas Roadhouse Company Profile
Texas Roadhouse, Inc is a full-service, casual dining restaurant chain, which offers assorted seasoned and aged steaks hand-cut daily on the premises and cooked to order over open gas-fired grills. It operates restaurants under the Texas Roadhouse and Aspen Creek names. The firm also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, an assortment of hamburgers, salads and sandwiches.
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