Texas Roadhouse, Inc. (NASDAQ:TXRH) is set to announce third quarter earning results on Wednesday 28th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, TXRH to report 3Q20 income of $ 0.18 per share.
For the full year, analysts anticipate top line of $ 2413.05 million, while looking forward to income of $ 0.31 per share bottom line.
Previous Quarter Performance
Texas Roadhouse, Inc. came out with loss for the second quarter of $ 0.48 per share, from the revenue of $ 476.43 million. The quarterly revenues decreased 30.94 percent compared with the same quarter last year. Street analysts expected Texas Roadhouse, Inc. to report loss of $ 0.63 per share on revenue of $ 474.75 million for the second quarter. The bottom line results beat street analysts by $ 0.15 or 23.81 percent, at the same time, top line results outshined analysts by $ 1.68 million or 0.35 percent.
Stock Performance
Shares of Texas Roadhouse, Inc. traded low $ -1.05 or -1.49 percent on Tuesday, reaching $ 69.50 with volume of 829.60 thousand shares. Texas Roadhouse, Inc. has traded high as $ 71.29 and has cracked $ 68.63 on the downward trend
According to the previous trading day, closing price of $ 69.50, representing a 180.52 % increase from the 52 week low of $ 25.15 and a 7.43 % decrease over the 52 week high of $ 76.21.
The company has a market capital of $ 4.82 billion and is part of the Consumer Cyclical sector and Restaurants industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by Wedbush at Outperform rating, with $ 82.00 target price.
- On 14th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 67.00 target price.
- On 12th October 2020, maintained by Raymond James at Strong Buy rating, with $ 80.00 target price.
- On 1st October 2020, maintained by BMO Capital Markets at Market Perform rating, with $ 62.00 target price.
Conference Call
Texas Roadhouse, Inc. will be hosting a conference call at 5:00 PM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.texasroadhouse.com
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 Bubbas 33 restaurants. As of April 29, 2019, it owned and operated approximately 590 restaurants.
