Texas Roadhouse (NASDAQ:TXRH) Posts Earnings Results, Beats Expectations By $0.07 EPS

Texas Roadhouse (NASDAQ:TXRH) released its quarterly earnings results on Thursday. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07, Zacks reports. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%.

Texas Roadhouse Trading Down 1.4 %

Shares of TXRH stock traded down $2.45 during mid-day trading on Thursday, reaching $171.57. The stock had a trading volume of 2,178,227 shares, compared to its average volume of 1,026,218. Texas Roadhouse has a 12-month low of $144.82 and a 12-month high of $206.04. The company has a market cap of $11.45 billion, a P/E ratio of 29.48, a price-to-earnings-growth ratio of 1.28 and a beta of 1.02. The business has a 50-day simple moving average of $179.94 and a 200 day simple moving average of $180.08.

Insider Activity

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $179.46, for a total value of $245,860.20. Following the sale, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $1,794,600. This trade represents a 12.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Gordon Haskett lowered Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective on the stock. in a report on Wednesday, January 8th. Royal Bank of Canada restated a “sector perform” rating and issued a $200.00 price objective on shares of Texas Roadhouse in a report on Thursday, January 16th. UBS Group raised their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a report on Friday, October 25th. Loop Capital decreased their price objective on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Finally, Stifel Nicolaus reduced their price target on Texas Roadhouse from $195.00 to $185.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Thirteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $190.83.

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.