Texas Roadhouse (NASDAQ:TXRH) Announces Earnings Results

Texas Roadhouse (NASDAQ:TXRH) announced its quarterly earnings data on Thursday. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07, Zacks reports. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%.

Texas Roadhouse Stock Down 1.4 %

Texas Roadhouse stock traded down $2.45 during trading hours on Thursday, hitting $171.57. The stock had a trading volume of 2,178,227 shares, compared to its average volume of 1,026,218. The stock’s 50-day moving average price is $179.94 and its 200-day moving average price is $180.08. Texas Roadhouse has a 12-month low of $144.82 and a 12-month high of $206.04. The stock has a market capitalization of $11.45 billion, a P/E ratio of 29.48, a price-to-earnings-growth ratio of 1.28 and a beta of 1.02.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $179.46, for a total value of $245,860.20. Following the completion of the transaction, the insider now directly owns 10,000 shares in the company, valued at $1,794,600. This represents a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TXRH. Robert W. Baird raised their price target on shares of Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Barclays raised their price objective on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Truist Financial raised their price objective on shares of Texas Roadhouse from $207.00 to $209.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. BMO Capital Markets raised their price objective on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group initiated coverage on shares of Texas Roadhouse in a report on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price objective for the company. Thirteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $190.83.

Texas Roadhouse Company Profile

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.