Today’s Research Reports on Stocks to Watch: Texas Roadhouse and Nutrisystem

NEW YORK, NY / ACCESSWIRE / July 31, 2018 / Texas Roadhouse and Nutrisystem both saw losses in Monday’s trading session after reporting quarterly results. While Texas Roadhouse missed on earnings, Nutrisystem had beat expectations on both the top and bottom line but closed down a little over 2%.

RDI Initiates Coverage on:

Texas Roadhouse, Inc.
https://rdinvesting.com/news/?ticker=TXRH

Nutrisystem, Inc.
https://rdinvesting.com/news/?ticker=NTRI

Texas Roadhouse, Inc. shares closed down 2.61% on Monday with bigger losses after the market closed. The stock dropped 12.03% in after-hours trading. It was an earnings miss that sent shares of the American chain restaurant that specializes in steaks and promotes a Western theme, into the red yesterday. The company missed on both the top and the bottom line in the second quarter. Net income of $44.2 million, or 62 cents per share, was compared to $37.6 million, or 53 cents a share in the year ago period. Revenue was 629.2 million. Analysts were waiting for earnings of 68 cents a share on revenue of $634.5 million. Kent Taylor, Chief Executive Officer commented, “Our top-line results for the second quarter were strong with double-digit revenue growth, including 5.7% comparable restaurant sales growth. We are pleased with the consistency of our traffic gains this year and the continued strength headed into the third quarter. On the development front, with 14 company restaurants opened in the first half of 2018, we are on track to open 27 or 28 restaurants for the year. We continue to fund our new restaurant growth through internal cash flow, while also returning excess capital to our shareholders through dividends, further driving shareholder value.”

Access RDI’s Texas Roadhouse, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=TXRH

Nutrisystem, Inc. shares closed down 2.04% on Monday with an additional loss of 1.56% after the close. The share price dropped despite the commercial provider of weight loss products and services reporting its second quarter financial report revealing earnings per share of 87 cents. Analysts had been expecting just 81 cents. Nutrisystem has surpasses estimates for EPS four straight quarters in a row. Revenue of $191.3 million in the period also beat the $188.4 million expected by analysts. Dawn Zier, President and Chief Executive Officer, stated, “We’re pleased to have exceeded second quarter guidance. Our multi-brand strategy, supported by two highly recognized names in the health and wellness industry, is working well and provides a strong, scalable platform for future growth. Our announcements around the recently launched DNA Body Blueprint™ and the branded lines of vitamin packs showcase our focus on science-backed personalized nutrition to drive not only weight loss, but overall health. We believe our efforts to date, coupled with second-half investments in our innovation pipeline, branding and digital media expansion, will pave the way for meaningful growth and profitably expand customer reach in 2019 and beyond.”

Access RDI’s Nutrisystem, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=NTRI

Our Actionable Research on Texas Roadhouse, Inc. (NASDAQ: TXRH) and Nutrisystem, Inc. (NASDAQ: NTRI) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Email:

contact@rdinvesting.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: RDInvesting.com

ReleaseID: 507498