Texas Roadhouse (NASDAQ:TXRH) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Texas Roadhouse (NASDAQ:TXRH) released its earnings results on Thursday. The restaurant operator reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm earned $1.28 earnings per share. Texas Roadhouse’s revenue was up 12.5% compared to the same quarter last year.

Texas Roadhouse Stock Performance

Shares of TXRH stock traded up $5.71 during mid-day trading on Friday, reaching $163.61. 1,640,835 shares of the company were exchanged, compared to its average volume of 821,386. The business’s 50 day simple moving average is $152.50 and its 200 day simple moving average is $129.54. The company has a market capitalization of $10.93 billion, a P/E ratio of 36.12, a P/E/G ratio of 1.70 and a beta of 1.00. Texas Roadhouse has a fifty-two week low of $91.06 and a fifty-two week high of $170.39.

Texas Roadhouse Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Texas Roadhouse from $142.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. UBS Group upped their price target on Texas Roadhouse from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Piper Sandler lifted their price objective on Texas Roadhouse from $110.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, February 20th. Robert W. Baird increased their target price on shares of Texas Roadhouse from $178.00 to $182.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Northcoast Research lowered shares of Texas Roadhouse from a “buy” rating to a “neutral” rating in a report on Tuesday, February 20th. Twelve equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $151.30.

Insider Activity at Texas Roadhouse

In other news, President Regina A. Tobin sold 3,064 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $150.07, for a total transaction of $459,814.48. Following the transaction, the president now owns 15,261 shares of the company’s stock, valued at $2,290,218.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Texas Roadhouse news, Director Curtis Warfield sold 2,365 shares of Texas Roadhouse stock in a transaction on 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 of the company’s stock, valued at $1,991,865.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Regina A. Tobin sold 3,064 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $150.07, for a total transaction of $459,814.48. Following the sale, the president now owns 15,261 shares of the company’s stock, valued at approximately $2,290,218.27. The disclosure for this sale can be found here. Insiders have sold 12,382 shares of company stock valued at $1,843,145 over the last ninety days. Corporate insiders own 0.50% of the company’s stock.

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.