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

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

Texas Roadhouse Stock Down 1.4 %

TXRH stock traded down $2.45 during midday trading on Thursday, hitting $171.57. The company’s stock had a trading volume of 2,169,813 shares, compared to its average volume of 1,025,414. Texas Roadhouse has a 12 month low of $144.82 and a 12 month high of $206.04. The firm has a market capitalization of $11.45 billion, a price-to-earnings ratio of 29.48, a price-to-earnings-growth ratio of 1.28 and a beta of 1.02. The company has a 50 day moving average of $179.94 and a two-hundred day moving average of $180.08.

Insiders Place Their Bets

In other news, insider Christopher C. Colson sold 1,370 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the transaction, the insider now directly owns 10,000 shares in the company, valued at approximately $1,794,600. This represents a 12.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TXRH shares. Stifel Nicolaus reduced their price target on shares of Texas Roadhouse from $195.00 to $185.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Gordon Haskett lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target for the company. in a research report on Wednesday, January 8th. BMO Capital Markets upped their price target on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. UBS Group upped their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Truist Financial upped their price target on shares of Texas Roadhouse from $207.00 to $209.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Thirteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Texas Roadhouse has a consensus rating of “Hold” and an average price target of $190.83.

About Texas Roadhouse

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.