Texas Roadhouse, Inc. (NASDAQ:TXRH) issued its quarterly earnings results on Monday, October 30th. The restaurant operator reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43, Bloomberg Earnings reports. The firm had revenue of $540.50 million during the quarter, compared to the consensus estimate of $538.15 million. Texas Roadhouse had a return on equity of 16.71% and a net margin of 5.73%. The company’s revenue was up 12.2% on a year-over-year basis. During the same period last year, the company earned $0.36 earnings per share.
Shares of Texas Roadhouse (NASDAQ TXRH) traded up $0.79 on Wednesday, hitting $50.06. The stock had a trading volume of 564,300 shares, compared to its average volume of 779,133. Texas Roadhouse has a 1 year low of $40.28 and a 1 year high of $53.61. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $3,503.39, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 2.02 and a beta of 0.53.
In other 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 value of $95,900.00. Following the sale, the director now owns 11,750 shares in the company, valued at $563,412.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.60% of the stock is owned by corporate insiders.
Several research analysts have issued reports on TXRH shares. Zacks Investment Research cut Texas Roadhouse from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Jefferies Group LLC reissued a “sell” rating and set a $40.00 target price on shares of Texas Roadhouse in a research note on Thursday, August 31st. Barclays PLC decreased their target price on Texas Roadhouse from $56.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 18th. Maxim Group lifted their price objective on Texas Roadhouse from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $51.00 price objective on shares of Texas Roadhouse in a research note on Sunday, October 22nd. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target 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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