Wall Street analysts forecast that Texas Roadhouse Inc (NASDAQ:TXRH) will announce sales of $688.30 million for the current quarter, according to Zacks. Nine analysts have made estimates for Texas Roadhouse’s earnings, with the highest sales estimate coming in at $693.47 million and the lowest estimate coming in at $682.82 million. Texas Roadhouse reported sales of $629.24 million during the same quarter last year, which would suggest a positive year over year growth rate of 9.4%. The company is scheduled to announce its next earnings results after the market closes on Monday, July 29th.
According to Zacks, analysts expect that Texas Roadhouse will report full-year sales of $2.75 billion for the current financial year, with estimates ranging from $2.73 billion to $2.77 billion. For the next year, analysts expect that the firm will report sales of $2.97 billion, with estimates ranging from $2.93 billion to $2.99 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Texas Roadhouse.
Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Monday, April 29th. The restaurant operator reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.12). Texas Roadhouse had a return on equity of 16.17% and a net margin of 6.11%. The company had revenue of $690.61 million during the quarter, compared to analyst estimates of $693.76 million. During the same period last year, the business earned $0.76 earnings per share. The firm’s revenue was up 10.0% compared to the same quarter last year.
Shares of NASDAQ:TXRH traded down $0.36 during midday trading on Friday, reaching $54.03. 634,835 shares of the company’s stock were exchanged, compared to its average volume of 816,258. The stock has a 50 day moving average price of $53.71. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $3.88 billion, a PE ratio of 24.56, a price-to-earnings-growth ratio of 2.11 and a beta of 0.61. Texas Roadhouse has a fifty-two week low of $50.84 and a fifty-two week high of $75.24.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Wednesday, June 12th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.22%. The ex-dividend date was Tuesday, June 11th. Texas Roadhouse’s payout ratio is 54.55%.
In other news, Director James R. Zarley purchased 18,900 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were bought at an average price of $52.51 per share, with a total value of $992,439.00. Following the completion of the transaction, the director now directly owns 113,100 shares in the company, valued at approximately $5,938,881. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 5.89% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AlphaCrest Capital Management LLC acquired a new position in shares of Texas Roadhouse in the first quarter valued at approximately $1,252,000. Norges Bank acquired a new position in shares of Texas Roadhouse in the fourth quarter valued at approximately $43,777,000. Trexquant Investment LP acquired a new position in shares of Texas Roadhouse in the first quarter valued at approximately $3,272,000. Cipher Capital LP acquired a new position in shares of Texas Roadhouse in the fourth quarter valued at approximately $235,000. Finally, Nordea Investment Management AB increased its holdings in shares of Texas Roadhouse by 33.1% in the fourth quarter. Nordea Investment Management AB now owns 966,870 shares of the restaurant operator’s stock valued at $57,722,000 after purchasing an additional 240,515 shares during the period. 88.07% of the stock is currently owned by institutional investors.
About Texas Roadhouse
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 April 29, 2019, it owned and operated approximately 590 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.
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