Texas Roadhouse (TXRH) to Release Earnings on Thursday

Posted by Defense World Staff on Apr 27th, 2023

Texas Roadhouse (NASDAQ:TXRH – Get Rating) will issue its quarterly earnings data after the market closes on Thursday, May 4th. Analysts expect the company to announce earnings of $1.36 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Texas Roadhouse (NASDAQ:TXRH – Get Rating) last issued its earnings results on Thursday, February 16th. The restaurant operator reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.13). Texas Roadhouse had a net margin of 6.72% and a return on equity of 26.92%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The business’s revenue was up 12.7% on a year-over-year basis. On average, analysts expect Texas Roadhouse to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Texas Roadhouse Stock Performance

Shares of TXRH stock opened at $108.35 on Thursday. The company has a quick ratio of 0.55, a current ratio of 0.61 and a debt-to-equity ratio of 0.05. The business has a 50 day moving average of $106.51 and a two-hundred day moving average of $100.84. Texas Roadhouse has a 52 week low of $68.58 and a 52 week high of $113.20. The company has a market cap of $7.26 billion, a P/E ratio of 27.29, a PEG ratio of 1.36 and a beta of 0.95.

Texas Roadhouse Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Wednesday, March 8th were paid a $0.55 dividend. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.46. This represents a $2.20 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date was Tuesday, March 7th. Texas Roadhouse’s payout ratio is presently 55.42%.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, CMO S. Chris Jacobsen sold 3,487 shares of the company’s stock in a transaction on Tuesday, April 4th. The stock was sold at an average price of $110.06, for a total value of $383,779.22. Following the transaction, the chief marketing officer now owns 23,879 shares of the company’s stock, valued at $2,628,122.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Texas Roadhouse news, Director Gregory N. Moore sold 1,000 shares of the company’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $104.80, for a total value of $104,800.00. Following the transaction, the director now owns 57,050 shares of the company’s stock, valued at $5,978,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CMO S. Chris Jacobsen sold 3,487 shares of the company’s stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of $110.06, for a total value of $383,779.22. Following the completion of the transaction, the chief marketing officer now directly owns 23,879 shares in the company, valued at approximately $2,628,122.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,702 shares of company stock valued at $824,045. Corporate insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Texas Roadhouse

Several institutional investors and hedge funds have recently added to or reduced their stakes in TXRH. Neo Ivy Capital Management purchased a new position in Texas Roadhouse during the 2nd quarter worth approximately $32,000. Coppell Advisory Solutions Corp. purchased a new position in Texas Roadhouse during the 4th quarter worth approximately $44,000. Industrial Alliance Investment Management Inc. grew its position in Texas Roadhouse by 310.5% during the 4th quarter. Industrial Alliance Investment Management Inc. now owns 546 shares of the restaurant operator’s stock worth $50,000 after purchasing an additional 413 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in Texas Roadhouse by 2,028.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 809 shares of the restaurant operator’s stock worth $73,000 after purchasing an additional 771 shares in the last quarter. Finally, Covestor Ltd grew its position in Texas Roadhouse by 80.7% during the 1st quarter. Covestor Ltd now owns 1,187 shares of the restaurant operator’s stock worth $99,000 after purchasing an additional 530 shares in the last quarter. 97.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TXRH shares. Bank of America lifted their price target on Texas Roadhouse from $124.00 to $125.00 in a report on Wednesday, April 19th. Morgan Stanley lifted their price target on Texas Roadhouse from $102.00 to $106.00 and gave the company an “equal weight” rating in a report on Monday, April 17th. Wedbush lifted their price target on Texas Roadhouse from $111.00 to $114.00 and gave the company an “outperform” rating in a report on Friday, February 17th. Royal Bank of Canada cut their price target on Texas Roadhouse from $102.00 to $101.00 and set a “sector perform” rating on the stock in a report on Friday, February 17th. Finally, Northcoast Research cut Texas Roadhouse from a “buy” rating to a “neutral” rating in a report on Wednesday, February 22nd. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $108.22.

Texas Roadhouse Company Profile

(Get Rating)

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.