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A Full Plate Of Earnings Reports In Restaurant Sector This Week

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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 3.29%, 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 Corporation DENN 0.2% 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 0.66% 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 7.19% 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.

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