Jefferies Group Weighs in on Texas Roadhouse Inc’s FY2018 Earnings (TXRH)

Texas Roadhouse Inc (NASDAQ:TXRH) – Stock analysts at Jefferies Group increased their FY2018 EPS estimates for Texas Roadhouse in a research report issued on Tuesday. Jefferies Group analyst A. Barish now expects that the restaurant operator will earn $2.45 per share for the year, up from their previous estimate of $2.06. Jefferies Group currently has a “Hold” rating and a $50.00 price objective on the stock. Jefferies Group also issued estimates for Texas Roadhouse’s FY2019 earnings at $2.81 EPS.

Several other equities research analysts have also recently commented on the company. Zacks Investment Research cut Texas Roadhouse from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Maxim Group upped their price target on Texas Roadhouse from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Telsey Advisory Group upped their price target on Texas Roadhouse from $54.00 to $58.00 and gave the stock a “market perform” rating in a research note on Thursday, December 21st. Barclays restated an “overweight” rating and set a $62.00 price target (up previously from $55.00) on shares of Texas Roadhouse in a research note on Tuesday, January 16th. Finally, BTIG Research upped their price target on Texas Roadhouse to $67.00 and gave the stock a “reduce” rating in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Texas Roadhouse presently has an average rating of “Hold” and an average price target of $58.05.

Texas Roadhouse (NASDAQ:TXRH) traded down $0.24 during trading on Friday, hitting $56.42. The stock had a trading volume of 1,130,700 shares, compared to its average volume of 771,176. Texas Roadhouse has a twelve month low of $40.28 and a twelve month high of $60.43. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.78 and a quick ratio of 0.63. The stock has a market capitalization of $4,028.87, a PE ratio of 28.76, a PEG ratio of 1.93 and a beta of 0.59.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Tuesday, February 20th. The restaurant operator reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.03. Texas Roadhouse had a return on equity of 17.20% and a net margin of 5.93%. The business had revenue of $545.10 million during the quarter, compared to analysts’ expectations of $545.24 million. During the same quarter in the prior year, the business earned $0.29 earnings per share. The company’s quarterly revenue was up 12.5% compared to the same quarter last year.

Institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its holdings in Texas Roadhouse by 1.8% in the second quarter. The Manufacturers Life Insurance Company now owns 144,517 shares of the restaurant operator’s stock valued at $7,363,000 after purchasing an additional 2,531 shares during the last quarter. Palisade Capital Management LLC NJ grew its holdings in Texas Roadhouse by 1.9% in the third quarter. Palisade Capital Management LLC NJ now owns 305,501 shares of the restaurant operator’s stock valued at $15,012,000 after purchasing an additional 5,659 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Texas Roadhouse by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 1,138,543 shares of the restaurant operator’s stock valued at $55,948,000 after purchasing an additional 32,461 shares during the last quarter. First Trust Advisors LP grew its holdings in Texas Roadhouse by 114.4% in the third quarter. First Trust Advisors LP now owns 47,589 shares of the restaurant operator’s stock valued at $2,339,000 after purchasing an additional 25,396 shares during the last quarter. Finally, Virginia Retirement Systems ET AL grew its holdings in Texas Roadhouse by 26.3% in the third quarter. Virginia Retirement Systems ET AL now owns 48,500 shares of the restaurant operator’s stock valued at $2,383,000 after purchasing an additional 10,100 shares during the last quarter. 87.08% of the stock is currently owned by institutional investors.

In other Texas Roadhouse news, CEO Wayne Kent Taylor sold 200,000 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $51.09, for a total value of $10,218,000.00. Following the completion of the transaction, the chief executive officer now owns 3,908,231 shares in the company, valued at $199,671,521.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider S. Chris Jacobsen sold 2,500 shares of the stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $56.50, for a total value of $141,250.00. Following the completion of the transaction, the insider now owns 25,184 shares of the company’s stock, valued at approximately $1,422,896. The disclosure for this sale can be found here. Insiders sold 246,818 shares of company stock valued at $12,884,345 in the last quarter. 7.40% of the stock is currently owned by company insiders.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Wednesday, March 14th will be given a $0.25 dividend. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, March 13th. This represents a $1.00 annualized dividend and a yield of 1.77%. Texas Roadhouse’s dividend payout ratio is presently 45.65%.

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Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.

Earnings History and Estimates for Texas Roadhouse (NASDAQ:TXRH)

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