Analysts Anticipate Texas Roadhouse Inc (TXRH) Will Post Earnings of $0.40 Per Share

Analysts expect that Texas Roadhouse Inc (NASDAQ:TXRH) will report earnings of $0.40 per share for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for Texas Roadhouse’s earnings, with the lowest EPS estimate coming in at $0.36 and the highest estimate coming in at $0.43. Texas Roadhouse also posted earnings per share of $0.40 in the same quarter last year. The firm is scheduled to report its next earnings results on Tuesday, February 19th.

On average, analysts expect that Texas Roadhouse will report full year earnings of $2.19 per share for the current year, with EPS estimates ranging from $2.14 to $2.31. For the next fiscal year, analysts expect that the firm will post earnings of $2.54 per share, with EPS estimates ranging from $2.43 to $2.74. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research 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 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.14). Texas Roadhouse had a return on equity of 17.39% and a net margin of 6.53%. The company had revenue of $594.60 million during the quarter, compared to analysts’ expectations of $594.16 million. During the same quarter last year, the business earned $0.43 earnings per share. The business’s quarterly revenue was up 10.0% on a year-over-year basis.

TXRH has been the subject of several research analyst reports. Stifel Nicolaus raised their price objective on shares of Texas Roadhouse from $72.00 to $75.00 and gave the stock 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 initiated coverage on shares of Texas Roadhouse in a report on Wednesday, October 24th. They issued a “hold” rating and a $73.00 price objective for the company. 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 their price objective on shares of Texas Roadhouse from $67.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, October 30th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $65.00.

TXRH traded up $0.92 on Friday, hitting $65.18. The company had a trading volume of 559,000 shares, compared to its average volume of 765,502. Texas Roadhouse has a 52-week low of $47.86 and a 52-week high of $75.24. The firm has a market capitalization of $4.57 billion, a PE ratio of 33.09, a price-to-earnings-growth ratio of 2.46 and a beta of 0.77.

In other news, COO Douglas W. Thompson sold 10,000 shares of Texas Roadhouse stock in a transaction that occurred on Tuesday, September 25th. The shares were sold at an average price of $68.75, for a total transaction of $687,500.00. Following the completion of the transaction, the chief operating officer now directly owns 38,519 shares in the company, valued at $2,648,181.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider S. Chris Jacobsen sold 1,500 shares of Texas Roadhouse stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $75.00, for a total transaction of $112,500.00. Following the transaction, the insider now owns 13,533 shares of the company’s stock, valued at $1,014,975. The disclosure for this sale can be found here. Insiders have sold 18,273 shares of company stock valued at $1,238,107 over the last quarter. Company insiders own 5.89% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Atria Investments LLC increased its position in shares of Texas Roadhouse by 16.5% during the third quarter. Atria Investments LLC now owns 6,582 shares of the restaurant operator’s stock valued at $456,000 after acquiring an additional 930 shares in the last quarter. Legal & General Group Plc increased its position in shares of Texas Roadhouse by 1.4% during the second quarter. Legal & General Group Plc now owns 69,309 shares of the restaurant operator’s stock valued at $4,541,000 after acquiring an additional 954 shares in the last quarter. Piedmont Investment Advisors LLC increased its position in shares of Texas Roadhouse by 13.4% during the second quarter. Piedmont Investment Advisors LLC now owns 8,298 shares of the restaurant operator’s stock valued at $544,000 after acquiring an additional 981 shares in the last quarter. Intrust Bank NA increased its position in shares of Texas Roadhouse by 10.8% during the second quarter. Intrust Bank NA now owns 11,063 shares of the restaurant operator’s stock valued at $725,000 after acquiring an additional 1,076 shares in the last quarter. Finally, Exencial Wealth Advisors LLC increased its position in shares of Texas Roadhouse by 2.3% during the third quarter. Exencial Wealth Advisors LLC now owns 51,332 shares of the restaurant operator’s stock valued at $3,557,000 after acquiring an additional 1,138 shares in the last quarter. Hedge funds and other institutional investors own 91.50% of the company’s stock.

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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