Texas Roadhouse Inc (NASDAQ:TXRH) – Stock analysts at Wedbush lowered their Q2 2018 EPS estimates for Texas Roadhouse in a research report issued on Thursday, April 5th. Wedbush analyst N. Setyan now expects that the restaurant operator will earn $0.64 per share for the quarter, down from their previous estimate of $0.65. Wedbush currently has a “Buy” rating and a $64.00 price objective on the stock. Wedbush also issued estimates for Texas Roadhouse’s Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.43 EPS, Q1 2019 earnings at $0.84 EPS, Q2 2019 earnings at $0.75 EPS, Q4 2019 earnings at $0.47 EPS and FY2019 earnings at $2.66 EPS.
A number of other equities research analysts have also recently weighed in on TXRH. BidaskClub upgraded Texas Roadhouse from a “hold” rating to a “buy” rating in a research note on Friday, March 30th. Mizuho started coverage on Texas Roadhouse in a report on Thursday, March 15th. They issued a “buy” rating and a $66.00 target price on the stock. ValuEngine lowered Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. BMO Capital Markets set a $60.00 target price on Texas Roadhouse and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, Zacks Investment Research raised Texas Roadhouse from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the stock. Texas Roadhouse currently has an average rating of “Hold” and an average price target of $58.67.
Shares of NASDAQ TXRH opened at $60.73 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.78 and a quick ratio of 0.73. Texas Roadhouse has a twelve month low of $43.87 and a twelve month high of $61.74. The company has a market capitalization of $4,317.69, a price-to-earnings ratio of 30.83, a PEG ratio of 2.03 and a beta of 0.59.
Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Tuesday, February 20th. The restaurant operator reported $0.40 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $545.10 million during the quarter, compared to analysts’ expectations of $545.24 million. During the same quarter in the previous year, the business earned $0.29 earnings per share. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis.
A number of hedge funds have recently made changes to their positions in TXRH. Legal & General Group Plc grew its holdings in Texas Roadhouse by 14.3% during the third quarter. Legal & General Group Plc now owns 60,219 shares of the restaurant operator’s stock worth $2,962,000 after acquiring an additional 7,527 shares during the period. JPMorgan Chase & Co. grew its holdings in Texas Roadhouse by 14.0% during the third quarter. JPMorgan Chase & Co. now owns 633,213 shares of the restaurant operator’s stock worth $31,166,000 after acquiring an additional 77,807 shares during the period. Wells Fargo & Company MN grew its holdings in Texas Roadhouse by 6.2% during the third quarter. Wells Fargo & Company MN now owns 160,128 shares of the restaurant operator’s stock worth $7,869,000 after acquiring an additional 9,282 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Texas Roadhouse by 6.2% in the third quarter. Schwab Charles Investment Management Inc. now owns 429,090 shares of the restaurant operator’s stock valued at $21,086,000 after purchasing an additional 25,151 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Texas Roadhouse by 0.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,666,230 shares of the restaurant operator’s stock valued at $81,879,000 after purchasing an additional 14,545 shares during the last quarter. 87.73% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CFO Scott Matthew Colosi sold 22,403 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $56.43, for a total transaction of $1,264,201.29. Following the transaction, the chief financial officer now owns 96,971 shares of the company’s stock, valued at $5,472,073.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider S. Chris Jacobsen sold 2,500 shares of the company’s 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 transaction, the insider now directly owns 25,184 shares in the company, valued at approximately $1,422,896. The disclosure for this sale can be found here. Insiders have sold 64,418 shares of company stock worth $3,671,645 in the last ninety days. 7.40% of the stock is currently owned by corporate insiders.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Wednesday, March 14th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Tuesday, March 13th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.21. Texas Roadhouse’s dividend payout ratio is currently 50.76%.
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About Texas Roadhouse
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.
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