Texas Roadhouse (NASDAQ:TXRH) Issues Quarterly Earnings Results

Texas Roadhouse (NASDAQ:TXRH) posted its earnings results on Thursday. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.07), Briefing.com reports. Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter last year, the firm earned $0.95 EPS. Texas Roadhouse’s revenue for the quarter was up 13.5% on a year-over-year basis.

Texas Roadhouse Stock Up 3.7 %

Shares of Texas Roadhouse stock traded up $6.67 on Friday, reaching $187.57. 956,862 shares of the stock were exchanged, compared to its average volume of 769,887. Texas Roadhouse has a twelve month low of $93.79 and a twelve month high of $189.97. The firm has a market capitalization of $12.51 billion, a price-to-earnings ratio of 33.99, a PEG ratio of 1.61 and a beta of 0.99. The business has a 50 day moving average price of $172.00 and a two-hundred day moving average price of $168.06.

Texas Roadhouse Dividend Announcement

The company 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. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Wednesday, September 4th. Texas Roadhouse’s dividend payout ratio (DPR) is 44.28%.

Wall Street Analyst Weigh In

Several research firms have issued reports on TXRH. Wedbush reiterated an “outperform” rating and issued a $190.00 target price on shares of Texas Roadhouse in a research note on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft lifted their target price on Texas Roadhouse from $190.00 to $193.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. BMO Capital Markets lifted their target price on Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research note on Friday. Stephens lifted their target price on Texas Roadhouse from $170.00 to $176.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Finally, Citigroup lifted their target price on Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Twelve equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $184.25.

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.