Texas Roadhouse Inc (NASDAQ:TXRH) – Research analysts at Wedbush lowered their FY2018 earnings per share (EPS) estimates for Texas Roadhouse in a research report issued to clients and investors on Tuesday, October 30th. Wedbush analyst N. Setyan now anticipates that the restaurant operator will earn $2.17 per share for the year, down from their prior forecast of $2.36. Wedbush currently has a “Neutral” rating and a $62.00 price objective on the stock. Wedbush also issued estimates for Texas Roadhouse’s Q4 2018 earnings at $0.39 EPS, Q1 2019 earnings at $0.82 EPS and FY2019 earnings at $2.46 EPS.
Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Monday, October 29th. The restaurant operator reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.14). Texas Roadhouse had a net margin of 6.53% and a return on equity of 17.39%. The business had revenue of $594.60 million for the quarter, compared to analysts’ expectations of $594.16 million. During the same quarter in the previous year, the firm earned $0.43 EPS. Texas Roadhouse’s revenue was up 10.0% compared to the same quarter last year.
A number of other research firms have also recently issued reports on TXRH. BidaskClub cut Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. Telsey Advisory Group boosted their price objective on Texas Roadhouse from $64.00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday, July 11th. Robert W. Baird boosted their price objective on Texas Roadhouse from $70.00 to $74.00 and gave the company an “outperform” rating in a report on Wednesday, July 25th. Maxim Group restated a “hold” rating and set a $67.00 price objective on shares of Texas Roadhouse in a report on Tuesday, July 31st. Finally, Royal Bank of Canada dropped their price objective on Texas Roadhouse to $74.00 and set an “outperform” rating for the company in a report on Wednesday, October 17th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. Texas Roadhouse currently has an average rating of “Hold” and an average price target of $65.00.
TXRH opened at $61.45 on Thursday. Texas Roadhouse has a 52-week low of $47.70 and a 52-week high of $75.24. The firm has a market cap of $4.47 billion, a P/E ratio of 31.19, a price-to-earnings-growth ratio of 2.37 and a beta of 0.62.
In other news, insider S. Chris Jacobsen sold 1,500 shares of the business’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $75.00, for a total value of $112,500.00. Following the completion of the transaction, the insider now directly owns 13,533 shares of the company’s stock, valued at approximately $1,014,975. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Tonya Robinson sold 1,023 shares of the business’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $67.17, for a total value of $68,714.91. Following the completion of the transaction, the chief financial officer now directly owns 2 shares of the company’s stock, valued at $134.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,273 shares of company stock valued at $1,238,107. 5.89% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TXRH. Russell Investments Group Ltd. raised its position in shares of Texas Roadhouse by 9.3% in the 1st quarter. Russell Investments Group Ltd. now owns 35,584 shares of the restaurant operator’s stock worth $2,056,000 after acquiring an additional 3,014 shares in the last quarter. UBS Group AG raised its position in shares of Texas Roadhouse by 30.3% in the 1st quarter. UBS Group AG now owns 33,319 shares of the restaurant operator’s stock worth $1,925,000 after acquiring an additional 7,745 shares in the last quarter. Legal & General Group Plc raised its position in shares of Texas Roadhouse by 11.2% in the 1st quarter. Legal & General Group Plc now owns 68,355 shares of the restaurant operator’s stock worth $3,950,000 after acquiring an additional 6,897 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Texas Roadhouse by 3.3% in the 1st quarter. Principal Financial Group Inc. now owns 290,301 shares of the restaurant operator’s stock worth $16,774,000 after acquiring an additional 9,265 shares in the last quarter. Finally, Scout Investments Inc. raised its position in shares of Texas Roadhouse by 25.0% in the 2nd quarter. Scout Investments Inc. now owns 280,606 shares of the restaurant operator’s stock worth $18,383,000 after acquiring an additional 56,201 shares in the last quarter. 91.78% of the stock is owned by hedge funds and other institutional investors.
Texas Roadhouse Company Profile
Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of February 20, 2018, it owned and operated approximately 550 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.
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