A Full Plate Of Earnings Reports In Restaurant Sector This Week

Bullish investors in the Restaurant sector are thankful for results out of a handful of companies in the group Monday afternoon.

Texas Roadhouse

The operator of Texas Roadhouse and Bubba's, Texas Roadhouse Inc TXRH, posted first-quarter earnings of $0.50 on sales of about $515.6 million, missing the analysts' consensus estimate of $0.54 and $515.9 million, respectively. Earnings were up from the $0.46 reported in the same quarter last year.

The company said it remains comfortable with its prediction for same-store sales to growth, as well as capex in the range of $165 million to $175 million.

Texas Roadhouse shares traded up about 3.5 percent to $43.50 in the after-hours session.

Denny's

Denny's Corporation DENN said first-quarter profit totaled $0.12, better than the $0.11 expected by analysts on Wall Street. Sales came in at $124.6 million and also topped the analyst consensus estimate of $122.9 million. Comps rose 2.5 percent.

The company boosted its FY16 adjusted EBITDA outlook from $92 million to $95 million as of February 17, to a new range of $94 million to $96 million. Operating sales for the year are expected in the range of $500 million to $505 million, revised from the previously issued guidance of $501 million to $506 million. Analysts expect the company to report full-year sales around $504 million.

Shares of Denny's were last indicated at $10.45, which would be up about 5 percent from the closing price.

Del Taco

Del Taco Restaurants Inc TACO announced inline first-quarter results. Earnings totaled $0.08 per share on sales of $97.4 million.

The company also offered up inline guidance, saying fiscal year 2016 sales will be in the $439-$449 million range. Earnings are expected to hit between $0.53 and $0.56 per share. Analysts anticipate Del Taco to hit FY16 sales around $445 million and EPS of $0.54.

Del Taco shares traded quietly Monday afternoon; the stock did not move away from its $8.99 close at time of publishing.

Bravo Brio

The smallest market cap wise of the bunch mentioned, Bravo Brio Restaurant Group, Inc. BBRG showed quarterly results which were mixed.

While the company reported earnings that met analyst estimates at $0.15, sales missed at $108.8 million. The Street was expecting sales closer to $110 million.

Largely inline guidance appears to be an easy-to-spot trend among these restaurant companies. Bravo Brio said fiscal year 2016 sales should be around $424 million to $432 million, compared with the analyst estimate of $428 million. EPS are expected to be between $0.65 and $0.73, the company said, versus the analyst estimate of $0.67.

The stock closed the regular session up more than 7 percent at $7.90.

Other Restaurant Reports On Tap This Week

Investors in the sector can expect earnings out of several other companies this week.

  • Papa John's PZZA - Tuesday
  • Noodle's NDLS - Tuesday
  • Potbelly PBPB - Tuesday
  • El Pollo Loco LOCO - Thursday
  • Wingstop WING - Thursday
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Posted In: EarningsNewsRestaurantsAfter-Hours CenterGeneral
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