Texas Roadhouse (NASDAQ:TXRH) Announces Earnings Results

Texas Roadhouse (NASDAQ:TXRH) issued its quarterly earnings results on Thursday. The restaurant operator reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.04, Briefing.com reports. Texas Roadhouse had a net margin of 6.58% and a return on equity of 27.43%. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the business earned $1.28 EPS. The business’s quarterly revenue was up 12.5% on a year-over-year basis.

Texas Roadhouse Price Performance

Texas Roadhouse stock traded up $5.71 during midday trading on Friday, hitting $163.61. The company’s stock had a trading volume of 1,640,835 shares, compared to its average volume of 821,386. The company has a 50-day moving average price of $152.50 and a two-hundred day moving average price of $129.54. Texas Roadhouse has a 1-year low of $91.06 and a 1-year high of $170.39. The company has a market cap of $10.93 billion, a price-to-earnings ratio of 36.12, a PEG ratio of 1.70 and a beta of 1.00.

Texas Roadhouse Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 13th were paid a $0.61 dividend. The ex-dividend date was Tuesday, March 12th. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.55. This represents a $2.44 annualized dividend and a dividend yield of 1.49%. Texas Roadhouse’s dividend payout ratio is 53.86%.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, CEO Gerald L. Morgan sold 5,000 shares of Texas Roadhouse stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $147.90, for a total value of $739,500.00. Following the completion of the transaction, the chief executive officer now directly owns 92,847 shares of the company’s stock, valued at approximately $13,732,071.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Texas Roadhouse news, CEO Gerald L. Morgan sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $147.90, for a total transaction of $739,500.00. Following the completion of the transaction, the chief executive officer now directly owns 92,847 shares in the company, valued at $13,732,071.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Curtis Warfield sold 2,365 shares of Texas Roadhouse stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $148.68, for a total value of $351,628.20. Following the completion of the transaction, the director now owns 13,397 shares in the company, valued at approximately $1,991,865.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,382 shares of company stock valued at $1,843,145. 0.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TXRH shares. Benchmark initiated coverage on shares of Texas Roadhouse in a research report on Wednesday, April 10th. They issued a “hold” rating for the company. Wells Fargo & Company raised their price objective on Texas Roadhouse from $140.00 to $165.00 and gave the company an “equal weight” rating in a report on Friday. Wedbush lifted their target price on Texas Roadhouse from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday. Truist Financial increased their price target on Texas Roadhouse from $170.00 to $181.00 and gave the company a “buy” rating in a research report on Friday. Finally, Robert W. Baird boosted their price target on Texas Roadhouse from $178.00 to $182.00 and gave the stock an “outperform” rating in a research report on Friday. Twelve equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $151.30.

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.