Texas Roadhouse (NASDAQ:TXRH) Issues Earnings Results, Misses Estimates By $0.07 EPS

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

Texas Roadhouse Trading Up 3.7 %

Shares of Texas Roadhouse stock traded up $6.67 during trading on Friday, hitting $187.57. 956,862 shares of the stock traded hands, compared to its average volume of 769,887. The firm has a market cap of $12.51 billion, a P/E ratio of 33.99, a price-to-earnings-growth ratio of 1.61 and a beta of 0.99. Texas Roadhouse has a 52-week low of $93.79 and a 52-week high of $189.97. The stock’s fifty day simple moving average is $172.00 and its 200 day simple moving average is $168.06.

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th were paid a dividend of $0.61 per share. The ex-dividend date was Wednesday, September 4th. This represents a $2.44 annualized dividend and a dividend yield of 1.30%. Texas Roadhouse’s dividend payout ratio is currently 44.28%.

Analysts Set New Price Targets

A number of research analysts recently commented on TXRH shares. Guggenheim boosted their price target on Texas Roadhouse from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Barclays boosted their price target on Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday. Stifel Nicolaus lifted their price objective on Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a research note on Friday. Wells Fargo & Company lifted their price objective on Texas Roadhouse from $165.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Finally, BMO Capital Markets lifted their price objective on Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a research note on Friday. Twelve investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Roadhouse presently has a consensus rating of “Hold” and an average target price 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.