Texas Roadhouse (NASDAQ:TXRH) Releases Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Texas Roadhouse (NASDAQ:TXRH) announced its earnings results on Thursday. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06), Briefing.com reports. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The company’s revenue was up 13.5% compared to the same quarter last year. During the same period last year, the firm posted $0.95 EPS.

Texas Roadhouse Trading Up 3.6 %

Shares of NASDAQ:TXRH opened at $187.38 on Monday. Texas Roadhouse has a 1-year low of $93.79 and a 1-year high of $189.97. The stock has a market capitalization of $12.49 billion, a P/E ratio of 32.20, a P/E/G ratio of 1.59 and a beta of 0.99. The business has a 50-day moving average price of $172.41 and a two-hundred day moving average price of $168.45.

Texas Roadhouse Dividend Announcement

The business 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 of this dividend was Wednesday, September 4th. This represents a $2.44 annualized dividend and a dividend yield of 1.30%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 41.92%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wedbush lifted their target price on Texas Roadhouse from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday. Stifel Nicolaus boosted their price objective on Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a research report on Friday. Evercore ISI upped their target price on Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Wells Fargo & Company lifted their price target on shares of 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 boosted their price target on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a report on Friday. Twelve equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $188.00.

Texas Roadhouse Company Profile

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.