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

Texas Roadhouse (NASDAQ:TXRH) issued its earnings results on Thursday. The restaurant operator reported $1.26 earnings per share 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 for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the business posted $0.95 earnings per share. The company’s quarterly revenue was up 13.5% on a year-over-year basis.

Texas Roadhouse Price Performance

NASDAQ TXRH opened at $187.38 on Friday. Texas Roadhouse has a fifty-two week low of $93.79 and a fifty-two week high of $189.97. The stock’s 50-day moving average is $172.41 and its two-hundred day moving average is $168.32. The firm has a market cap of $12.49 billion, a P/E ratio of 34.01, a price-to-earnings-growth ratio of 1.61 and a beta of 0.99.

Texas Roadhouse Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TXRH shares. Barclays lifted their target price on Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday. Royal Bank of Canada raised their target price on shares of Texas Roadhouse from $175.00 to $185.00 and gave the stock a “sector perform” rating in a report on Friday. Stifel Nicolaus lifted their target price on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a research report on Friday. Wells Fargo & Company upped their price target on shares of Texas Roadhouse from $165.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Finally, BTIG Research raised their price objective on shares of Texas Roadhouse from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Twelve investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $188.00.

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.