Texas Roadhouse (NASDAQ:TXRH) Releases Quarterly Earnings Results

Texas Roadhouse (NASDAQ:TXRH) released its earnings results on Thursday. The restaurant operator reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.29), FiscalAI reports. Texas Roadhouse had a net margin of 7.49% and a return on equity of 30.59%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.50 billion.

Texas Roadhouse Trading Down 2.3%

Shares of NASDAQ:TXRH traded down $4.34 on Thursday, reaching $182.53. The company had a trading volume of 2,280,348 shares, compared to its average volume of 967,834. The firm has a market capitalization of $12.07 billion, a PE ratio of 27.91, a PEG ratio of 3.05 and a beta of 0.88. Texas Roadhouse has a 52-week low of $148.73 and a 52-week high of $199.99. The firm’s 50 day simple moving average is $180.29 and its 200-day simple moving average is $173.52.

Insider Activity at Texas Roadhouse

In related news, Director Gregory N. Moore sold 1,400 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $170.00, for a total transaction of $238,000.00. Following the completion of the sale, the director owned 32,150 shares of the company’s stock, valued at $5,465,500. This represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gerald L. Morgan sold 5,000 shares of Texas Roadhouse stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $196.00, for a total transaction of $980,000.00. Following the completion of the transaction, the chief executive officer directly owned 91,774 shares in the company, valued at $17,987,704. This represents a 5.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 12,400 shares of company stock valued at $2,320,920 over the last quarter. 0.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TXRH. &PARTNERS grew its holdings in shares of Texas Roadhouse by 3.5% during the fourth quarter. &PARTNERS now owns 1,820 shares of the restaurant operator’s stock valued at $302,000 after buying an additional 61 shares during the last quarter. NewEdge Advisors LLC lifted its position in Texas Roadhouse by 3.1% during the 2nd quarter. NewEdge Advisors LLC now owns 2,499 shares of the restaurant operator’s stock worth $468,000 after acquiring an additional 76 shares during the period. Wilmington Savings Fund Society FSB lifted its position in Texas Roadhouse by 3.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,361 shares of the restaurant operator’s stock worth $392,000 after acquiring an additional 81 shares during the period. O Shaughnessy Asset Management LLC grew its stake in Texas Roadhouse by 1.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 6,715 shares of the restaurant operator’s stock valued at $1,115,000 after purchasing an additional 85 shares during the last quarter. Finally, Vident Advisory LLC increased its holdings in shares of Texas Roadhouse by 7.4% in the fourth quarter. Vident Advisory LLC now owns 1,401 shares of the restaurant operator’s stock valued at $233,000 after purchasing an additional 97 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TXRH. BMO Capital Markets upped their price target on shares of Texas Roadhouse from $155.00 to $170.00 and gave the stock a “market perform” rating in a report on Tuesday, January 6th. Barclays raised their target price on shares of Texas Roadhouse from $170.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. Sanford C. Bernstein set a $185.00 price target on Texas Roadhouse in a report on Wednesday, January 7th. Stephens dropped their price objective on Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Finally, Mizuho lifted their target price on Texas Roadhouse from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Texas Roadhouse has a consensus rating of “Moderate Buy” and an average price target of $196.57.

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.