Texas Roadhouse, Inc. (NASDAQ:TXRH) posted its quarterly earnings data on Monday. The restaurant operator reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43, Bloomberg Earnings reports. Texas Roadhouse had a return on equity of 16.96% and a net margin of 5.73%. The company had revenue of $540.50 million during the quarter, compared to analysts’ expectations of $538.15 million. During the same period in the prior year, the business earned $0.36 earnings per share. Texas Roadhouse’s revenue for the quarter was up 12.2% compared to the same quarter last year.
Texas Roadhouse (TXRH) opened at 49.93 on Wednesday. The firm’s 50-day moving average price is $49.43 and its 200-day moving average price is $48.99. The company has a market cap of $3.55 billion, a PE ratio of 30.06 and a beta of 0.57. Texas Roadhouse has a one year low of $38.54 and a one year high of $53.61.
In related news, Director Kathy Widmer sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $47.95, for a total transaction of $95,900.00. Following the sale, the director now owns 11,750 shares in the company, valued at approximately $563,412.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider S. Chris Jacobsen sold 2,500 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $49.25, for a total value of $123,125.00. Following the sale, the insider now owns 15,184 shares in the company, valued at approximately $747,812. The disclosure for this sale can be found here. Insiders own 6.60% of the company’s stock.
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Several research firms have recently weighed in on TXRH. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Texas Roadhouse in a research report on Tuesday. BMO Capital Markets cut their target price on Texas Roadhouse from $58.00 to $57.00 and set an “outperform” rating for the company in a research note on Tuesday. Barclays PLC upped their target price on Texas Roadhouse from $53.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, August 1st. Maxim Group upped their target price on Texas Roadhouse from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Robert W. Baird set a $56.00 target price on Texas Roadhouse and gave the company a “buy” rating in a research note on Wednesday, August 30th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. Texas Roadhouse currently has an average rating of “Hold” and a consensus target price of $51.05.
About Texas Roadhouse
Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.
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