Analysts forecast that Texas Roadhouse Inc (NASDAQ:TXRH) will announce sales of $596.90 million for the current quarter, Zacks reports. Eight analysts have provided estimates for Texas Roadhouse’s earnings. The highest sales estimate is $600.81 million and the lowest is $594.14 million. Texas Roadhouse reported sales of $545.08 million during the same quarter last year, which would suggest a positive year over year growth rate of 9.5%. The firm is expected to report its next earnings results on Tuesday, February 19th.
On average, analysts expect that Texas Roadhouse will report full year sales of $2.45 billion for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will report sales of $2.73 billion, with estimates ranging from $2.67 billion to $2.75 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Texas Roadhouse.
Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Monday, October 29th. The restaurant operator reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $594.16 million. During the same quarter last year, the business earned $0.43 EPS. Texas Roadhouse’s revenue for the quarter was up 10.0% compared to the same quarter last year.
Several brokerages recently issued reports on TXRH. BidaskClub lowered Texas Roadhouse from a “buy” rating to a “hold” rating in a research note on Monday, September 24th. Wedbush lowered Texas Roadhouse from an “outperform” rating to a “neutral” rating and set a $67.00 price target on the stock. in a research note on Monday, September 10th. They noted that the move was a valuation call. BTIG Research lowered Texas Roadhouse from a “buy” rating to a “neutral” rating in a research note on Thursday, September 13th. Robert W. Baird lowered Texas Roadhouse from an “outperform” rating to a “neutral” rating and set a $74.00 price target on the stock. in a research note on Monday, September 10th. Finally, Maxim Group boosted their price target on Texas Roadhouse from $67.00 to $72.00 and gave the company a “hold” rating in a research note on Thursday, October 25th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. Texas Roadhouse has an average rating of “Hold” and an average target price of $65.00.
Shares of NASDAQ TXRH traded up $0.21 during trading hours on Friday, hitting $64.10. 254,774 shares of the company’s stock were exchanged, compared to its average volume of 1,001,569. Texas Roadhouse has a 1-year low of $47.70 and a 1-year high of $75.24. The stock has a market capitalization of $4.44 billion, a PE ratio of 32.54, a P/E/G ratio of 2.40 and a beta of 0.77.
In other Texas Roadhouse news, insider S. Chris Jacobsen sold 1,500 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $70.00, for a total transaction of $105,000.00. Following the transaction, the insider now owns 15,033 shares of the company’s stock, valued at approximately $1,052,310. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Tonya Robinson sold 1,023 shares of the company’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 transaction, the chief financial officer now directly owns 2 shares in the company, valued at approximately $134.34. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,273 shares of company stock worth $1,238,107. Company insiders own 5.89% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. FMR LLC lifted its holdings in Texas Roadhouse by 44.9% during the 2nd quarter. FMR LLC now owns 2,170,345 shares of the restaurant operator’s stock worth $142,179,000 after buying an additional 672,768 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Texas Roadhouse by 1.8% in the 2nd quarter. Northern Trust Corp now owns 1,285,587 shares of the restaurant operator’s stock valued at $84,219,000 after purchasing an additional 23,198 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Texas Roadhouse by 12.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,111,471 shares of the restaurant operator’s stock valued at $77,014,000 after purchasing an additional 126,398 shares during the period. GW&K Investment Management LLC lifted its stake in shares of Texas Roadhouse by 43.0% in the 3rd quarter. GW&K Investment Management LLC now owns 1,001,594 shares of the restaurant operator’s stock valued at $69,400,000 after purchasing an additional 301,378 shares during the period. Finally, Frontier Capital Management Co. LLC lifted its stake in shares of Texas Roadhouse by 5.9% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 728,101 shares of the restaurant operator’s stock valued at $50,450,000 after purchasing an additional 40,332 shares during the period. 91.50% of the stock is currently owned by hedge funds and other institutional investors.
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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