Analysts Forecast Strong Q2 2023 Earnings for Texas Roadhouse
July 5, 2023
☀️Trending News
Texas Roadhouse ($NASDAQ:TXRH) Inc. is an American restaurant chain that specializes in providing a unique combination of steaks, ribs, and other casual dining items. The company has established a strong reputation for providing a quality dining experience to its customers across the United States. Defense World, a leading financial research firm, has recently released its analyst forecasts for Texas Roadhouse Inc.’s Q2 2023 Earnings. According to their research, analysts expect the company to exceed its previous year’s earnings in the upcoming quarter. The financial research firm believes that Texas Roadhouse Inc. has several factors that will contribute to its success in the coming quarter. Firstly, the company has seen a steady rise in customer traffic, as well as an increase in sales of their signature items.
Secondly, their costs have been well-managed, allowing the company to maximize their profits. Finally, they have also implemented several new ideas and strategies to boost customer satisfaction and loyalty. With these factors combined, analysts are predicting that Texas Roadhouse Inc. will have strong Q2 2023 earnings. Furthermore, Defense World’s research shows that the company is on track to achieve its financial goals for the year. This is good news for both the company and its shareholders, who can look forward to strong returns on their investments in the upcoming quarter.
Earnings
In the earning report of the fiscal year of 2023 first quarter as of March 31, 2021, Texas Roadhouse earned a total revenue of 800.63 million USD and a net income of 64.15 million USD. Compared to the previous year, there was an 18.9% decrease in total revenue and a 14.7% decrease in net income. Despite this, the total revenue of Texas Roadhouse has increased from 800.63 million USD to 1174.36 million USD in the last three years.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Texas Roadhouse. More…
| Total Revenues | Net Income | Net Margin |
| 4.2k | 281 | 6.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Texas Roadhouse. More…
| Operations | Investing | Financing |
| 512.94 | -293.76 | -388.76 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Texas Roadhouse. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.47k | 1.4k | 15.74 |
Key Ratios Snapshot
Some of the financial key ratios for Texas Roadhouse are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.6% | 25.9% | 7.9% |
| FCF Margin | ROE | ROA |
| 5.9% | 20.1% | 8.4% |
Price History
Monday marked a positive day for Texas Roadhouse Inc. Shares of the popular restaurant chain opened at $112.3 and closed at $113.3, up 0.9% from the prior closing of $112.3. Analysts are forecasting that the restaurant chain will continue to perform well in the coming months, following a steady increase in stock prices over the course of 2021. Texas Roadhouse has maintained a steady performance despite the challenges of the COVID-19 pandemic and is well-positioned to capitalize on consumer demand as the economy continues to open up. Live Quote…
Analysis
At GoodWhale, we have been closely monitoring the financials of TEXAS ROADHOUSE. After analysing the information gathered, our team has made the conclusion that TEXAS ROADHOUSE is a low risk investment when it comes to financial and business aspects. Our team has also detected one risk warning in the balance sheet. If you would like to learn more about this risk, please feel free to register on our website, goodwhale.com, and view the details provided there. With GoodWhale, you can rest assured that all of your investments are made with the utmost care and security. More…
Peers
As the restaurant industry becomes increasingly competitive, companies are searching for ways to differentiate themselves from their competitors. One way to do this is by offering a unique experience that cannot be found at other restaurants. Texas Roadhouse Inc. has done this by creating an atmosphere that is fun and inviting, while also providing quality food at a reasonable price. This has made them a popular choice for both casual and family dining.
However, they are not the only company in this space and must compete with other businesses that offer a similar experience. Some of their main competitors include Young & Co’s Brewery PLC, Brighton Pier Group (The) PLC, and Sakae Holdings Ltd.
– Young & Co’s Brewery PLC ($LSE:YNGA)
Young & Co’s Brewery PLC is a leading brewery company in the United Kingdom. The company has a market capitalization of 499.71 million as of 2022 and a return on equity of 4.78%. Young & Co’s Brewery PLC is engaged in the production and distribution of beer and other alcoholic beverages. The company’s products include ales, lagers, stouts, and ciders. Young & Co’s Brewery PLC is headquartered in London, the United Kingdom.
– Brighton Pier Group (The) PLC ($LSE:PIER)
Brighton Pier Group PLC is a United Kingdom-based company, which owns and operates Brighton Palace Pier. The Company’s segments include Palace Pier, which is engaged in the operation of a seaside amusement pier; Marina, which is engaged in the operation of a leisure marina; Restaurants, which is engaged in the operation of restaurants, and Amusement Arcades, which is engaged in the operation of amusement arcades. The Company offers a range of rides and attractions, such as carousel, chair-o-planes, crazy golf, dodgems, ghost train, helicopter rides, roller coasters and water zorbs. It also provides food and beverage outlets, such as cafes, bars, fish and chips restaurant and an ice cream parlour. The Company’s subsidiary includes Brighton Marine Palace and Pier Company Limited.
– Sakae Holdings Ltd ($SGX:5DO)
Sakae Holdings Ltd is a Singapore-based company that engages in the provision of management services. It operates through the following segments: Food and Beverage, and Property. The Food and Beverage segment comprises of Sakae Sushi, Yakiniku Sakae, Pizza Express, SAKAECAFE, and Others. The Property segment includes hospitality, commercial, and industrial properties. The company was founded on November 12, 1981 and is headquartered in Singapore.
Summary
Texas Roadhouse, Inc. has received positive forecasts for their Q2 2023 earnings from research analysts. Analysts expect the company to make gains in both the domestic and international markets, while also benefiting from a strong focus on cost savings and operational efficiencies. Additionally, the company is projected to experience margin expansion as a result of better pricing and menu mix. This is a positive outlook for investors, with Texas Roadhouse looking to have a successful future.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
