Texas Roadhouse (TXRH) Issues Quarterly Earnings Results, Misses Expectations By $0.14 EPS

Texas Roadhouse (NASDAQ:TXRH) issued its earnings results on Monday. The restaurant operator reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.14), MarketWatch Earnings reports. Texas Roadhouse had a return on equity of 18.15% and a net margin of 6.76%. The company had revenue of $594.60 million during the quarter, compared to analysts’ expectations of $594.16 million. During the same quarter in the prior year, the business posted $0.43 EPS. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year.

Shares of Texas Roadhouse stock traded down $4.16 on Tuesday, hitting $62.65. 2,400,491 shares of the company’s stock were exchanged, compared to its average volume of 701,780. The stock has a market capitalization of $4.80 billion, a PE ratio of 31.80, a P/E/G ratio of 2.43 and a beta of 0.62. Texas Roadhouse has a 1 year low of $47.70 and a 1 year high of $75.24.

Several equities research analysts recently issued reports on the stock. Wedbush cut shares of Texas Roadhouse from an “outperform” rating to a “neutral” rating and set a $67.00 target price on the stock. in a report on Monday, September 10th. They noted that the move was a valuation call. Robert W. Baird cut shares of Texas Roadhouse from an “outperform” rating to a “neutral” rating and set a $74.00 target price on the stock. in a report on Monday, September 10th. BidaskClub upgraded shares of Texas Roadhouse from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 11th. Stephens cut shares of Texas Roadhouse from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $75.00 to $70.00 in a research note on Wednesday, September 12th. They noted that the move was a valuation call. Finally, BTIG Research cut shares of Texas Roadhouse from a “buy” rating to a “neutral” rating in a research note on Thursday, September 13th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. Texas Roadhouse has an average rating of “Hold” and an average price target of $64.12.

In other news, insider S. Chris Jacobsen sold 1,500 shares of the firm’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $75.00, for a total transaction of $112,500.00. Following the sale, the insider now directly owns 13,533 shares in the company, valued at approximately $1,014,975. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Tonya Robinson sold 1,023 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $67.17, for a total transaction of $68,714.91. Following the sale, the chief financial officer now owns 2 shares in the company, valued at $134.34. The disclosure for this sale can be found here. Insiders have sold a total of 14,023 shares of company stock worth $973,715 in the last quarter. Corporate insiders own 5.89% of the company’s stock.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of February 20, 2018, it owned and operated approximately 550 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

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Earnings History for Texas Roadhouse (NASDAQ:TXRH)

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