Texas Roadhouse Inc (NASDAQ:TXRH) – Jefferies Financial Group lowered their FY2018 earnings per share estimates for Texas Roadhouse in a research report issued on Monday, October 29th. Jefferies Financial Group analyst A. Barish now forecasts that the restaurant operator will post earnings of $2.19 per share for the year, down from their previous estimate of $2.33. Jefferies Financial Group also issued estimates for Texas Roadhouse’s Q4 2018 earnings at $0.41 EPS, Q1 2019 earnings at $0.85 EPS, Q2 2019 earnings at $0.69 EPS, Q3 2019 earnings at $0.49 EPS, Q4 2019 earnings at $0.53 EPS, FY2019 earnings at $2.56 EPS and FY2020 earnings at $2.80 EPS.
TXRH has been the topic of several other research reports. Stifel Nicolaus lifted their target price on shares of Texas Roadhouse from $72.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, September 26th. BidaskClub lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Monday, September 24th. Loop Capital started coverage on shares of Texas Roadhouse in a report on Wednesday, October 24th. They set a “hold” rating and a $73.00 target price on the stock. Zacks Investment Research lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. Finally, Wedbush lowered shares of Texas Roadhouse from an “outperform” rating to a “neutral” rating and set a $67.00 target price on the stock. in a report on Monday, September 10th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $65.00.
NASDAQ:TXRH opened at $61.45 on Wednesday. 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. Texas Roadhouse has a twelve month low of $47.70 and a twelve month high of $75.24.
Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Monday, October 29th. The restaurant operator reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.14). The company had revenue of $594.60 million for the quarter, compared to analysts’ expectations of $594.16 million. Texas Roadhouse had a net margin of 6.53% and a return on equity of 17.39%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 earnings per share.
Hedge funds have recently modified their holdings of the business. Boston Advisors LLC acquired a new position in Texas Roadhouse in the 2nd quarter worth $1,711,000. Carillon Tower Advisers Inc. lifted its holdings in Texas Roadhouse by 31.1% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 179,844 shares of the restaurant operator’s stock worth $11,782,000 after buying an additional 42,700 shares in the last quarter. Eagle Asset Management Inc. lifted its holdings in Texas Roadhouse by 4.5% in the 2nd quarter. Eagle Asset Management Inc. now owns 124,672 shares of the restaurant operator’s stock worth $8,167,000 after buying an additional 5,372 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Texas Roadhouse by 1.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 507,747 shares of the restaurant operator’s stock worth $33,263,000 after buying an additional 5,233 shares in the last quarter. Finally, CSat Investment Advisory L.P. acquired a new position in Texas Roadhouse in the 2nd quarter worth $435,000. Hedge funds and other institutional investors own 91.78% of the company’s stock.
In other Texas Roadhouse news, CFO Tonya Robinson sold 1,023 shares of the business’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $67.17, for a total value of $68,714.91. Following the transaction, the chief financial officer now owns 2 shares in the company, valued at approximately $134.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $112,500.00. Following the completion of the transaction, the insider now owns 13,533 shares in the company, valued at approximately $1,014,975. The disclosure for this sale can be found here. Insiders sold a total of 18,273 shares of company stock worth $1,238,107 in the last quarter. 5.89% of the stock is currently owned by company insiders.
About Texas Roadhouse
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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