Brokerages forecast that Texas Roadhouse, Inc. (NASDAQ: TXRH – Get Rating) will report $ 1.01 billion in sales for the current fiscal quarter, Zacks reports. Ten analysts have issued estimates for Texas Roadhouse’s earnings, with the highest sales estimate coming in at $ 1.04 billion and the lowest estimate coming in at $ 983.53 million. Texas Roadhouse reported sales of $ 898.79 million in the same quarter last year, which would suggest a positive year over year growth rate of 12.4%. The business is expected to issue its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Texas Roadhouse will report full-year sales of $ 3.97 billion for the current year, with estimates ranging from $ 3.89 billion to $ 4.06 billion. For the next financial year, analysts anticipate that the firm will post sales of $ 4.32 billion, with estimates ranging from $ 4.19 billion to $ 4.42 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that provide coverage for Texas Roadhouse.
Texas Roadhouse (NASDAQ: TXRH – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The restaurant operator reported $ 1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 0.91 by $ 0.17. The company had revenue of $ 987.60 million for the quarter, compared to analysts’ expectations of $ 973.62 million. Texas Roadhouse had a net margin of 7.02% and a return on equity of 24.11%. Texas Roadhouse’s revenue was up 23.4% compared to the same quarter last year. During the same period in the previous year, the company posted $ 0.91 EPS.
A number of research firms have recently weighed in on TXRH. Barclays upped their price target on shares of Texas Roadhouse from $ 92.00 to $ 95.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 23rd. Robert W. Baird upped their price target on shares of Texas Roadhouse from $ 90.00 to $ 98.00 in a research note on Wednesday, February 23rd. Northcoast Research began coverage on shares of Texas Roadhouse in a research note on Wednesday, May 4th. They set a “buy” rating and a $ 108.00 price target on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Texas Roadhouse from $ 112.00 to $ 107.00 in a research note on Monday, May 9th. Finally, Stifel Nicolaus upgraded shares of Texas Roadhouse from a “hold” rating to a “buy” rating and set a $ 95.00 price objective on the stock in a research report on Friday, March 11th. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Texas Roadhouse presently has a consensus rating of “Buy” and a consensus price target of $ 106.00.
NASDAQ: TXRH opened at $ 78.54 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.79 and a debt-to-equity ratio of 0.10. Texas Roadhouse has a fifty-two week low of $ 69.54 and a fifty-two week high of $ 102.80. The stock has a market cap of $ 5.43 billion, a PE ratio of 21.40, a price-to-earnings-growth ratio of 2.00 and a beta of 0.94. The firm’s fifty-day simple moving average is $ 81.66 and its 200-day simple moving average is $ 85.70.
The company also recently announced a quarterly dividend, which was paid on Friday, March 25th. Shareholders of record on Wednesday, March 9th were issued a $ 0.46 dividend. This represents a $ 1.84 dividend on an annualized basis and a yield of 2.34%. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $ 0.40. The ex-dividend date was Tuesday, March 8th. Texas Roadhouse’s dividend payout ratio is 50.14%.
In other news, Director Gregory N. Moore sold 1,000 shares of the stock in a transaction dated Tuesday, March 22nd. The shares were sold at an average price of $ 85.00, for a total transaction of $ 85,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Tonya Robinson sold 2,499 shares of the stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $ 92.00, for a total transaction of $ 229,908.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,799 shares of company stock worth $ 872,001. 4.99% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in TXRH. Wellington Management Group LLP purchased a new position in shares of Texas Roadhouse during the 3rd quarter worth about $ 105,826,000. Pensioenfonds Rail & OV increased its position in Texas Roadhouse by 394.7% during the 4th quarter. Pensioenfonds Rail & OV now owns 989,308 shares of the restaurant operator’s stock worth $ 88,325,000 after purchasing an additional 789,308 shares in the last quarter. Norges Bank acquired a new stake in Texas Roadhouse during the 4th quarter worth approximately $ 54,405,000. BlackRock Inc. increased its position in Texas Roadhouse by 7.8% during the 1st quarter. BlackRock Inc. now owns 8,127,535 shares of the restaurant operator’s stock worth $ 680,519,000 after purchasing an additional 585,944 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Texas Roadhouse by 40.3% during the 3rd quarter. Goldman Sachs Group Inc. now owns 1,621,282 shares of the restaurant operator’s stock worth $ 148,072,000 after purchasing an additional 465,294 shares in the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.
Texas Roadhouse Company Profile (Get Rating)
Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises restaurants under the Texas Roadhouse, Bubba’s 33, and Jaggers names. As of December 28, 2021, it operated 566 local restaurants and 101 franchise restaurants.
Get a free copy of the Zacks research report on Texas Roadhouse (TXRH)
For more information about research offers from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Texas Roadhouse Daily – Enter your email address below to receive a concise daily summary of the latest news and analyzes’ ratings for Texas Roadhouse and related companies with MarketBeat.com’s FREE daily email newsletter.