Analysts forecast that Texas Roadhouse Inc (NASDAQ:TXRH) will announce sales of $596.90 million for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Texas Roadhouse’s earnings, with estimates ranging from $594.14 million to $600.81 million. Texas Roadhouse reported sales of $545.08 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.5%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, February 19th.
According to Zacks, analysts expect that Texas Roadhouse will report full-year sales of $2.45 billion for the current fiscal year. For the next financial year, analysts forecast that the company 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 research firms that follow Texas Roadhouse.
Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Monday, October 29th. The restaurant operator reported $0.40 earnings per share for the quarter, missing the Zacks’ 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 analyst estimates of $594.16 million. During the same period last year, the firm earned $0.43 earnings per share. The business’s revenue was up 10.0% compared to the same quarter last year.
A number of research firms have recently weighed in on TXRH. Zacks Investment Research cut Texas Roadhouse from a “hold” rating to a “strong sell” rating in a report on Friday, November 2nd. BidaskClub raised Texas Roadhouse from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 13th. Wedbush cut their price target on Texas Roadhouse from $67.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, October 30th. Maxim Group dropped their target price on Texas Roadhouse to $66.00 and set a “positive” rating for the company in a research note on Tuesday, October 30th. Finally, Barclays dropped their target price on Texas Roadhouse from $66.00 to $64.00 and set an “overweight” rating for the company in a research note on Tuesday, October 30th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $65.00.
Shares of NASDAQ TXRH traded down $0.28 during trading on Tuesday, reaching $66.03. The company had a trading volume of 538,585 shares, compared to its average volume of 541,352. Texas Roadhouse has a twelve month low of $49.15 and a twelve month high of $75.24. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 33.52, a price-to-earnings-growth ratio of 2.55 and a beta of 0.77.
In related news, COO Douglas W. Thompson sold 10,000 shares of the stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of $68.75, for a total value of $687,500.00. Following the completion of the transaction, the chief operating officer now owns 38,519 shares of the company’s stock, valued at $2,648,181.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider S. Chris Jacobsen sold 1,500 shares of the stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $70.00, for a total value of $105,000.00. Following the completion of the transaction, the insider now directly owns 15,033 shares of the company’s stock, valued at approximately $1,052,310. The disclosure for this sale can be found here. Insiders sold 17,250 shares of company stock valued at $1,169,393 in the last three months. 5.89% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. raised its stake in Texas Roadhouse by 3.3% during the first quarter. Principal Financial Group Inc. now owns 290,301 shares of the restaurant operator’s stock valued at $16,774,000 after buying an additional 9,265 shares in the last quarter. Amalgamated Bank raised its stake in Texas Roadhouse by 14.9% during the second quarter. Amalgamated Bank now owns 11,034 shares of the restaurant operator’s stock valued at $723,000 after buying an additional 1,427 shares in the last quarter. Cornerstone Wealth Management LLC acquired a new stake in shares of Texas Roadhouse during the 2nd quarter worth approximately $200,000. Janney Montgomery Scott LLC raised its position in shares of Texas Roadhouse by 12.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 17,258 shares of the restaurant operator’s stock worth $1,131,000 after purchasing an additional 1,934 shares during the period. Finally, Piedmont Investment Advisors LLC raised its position in shares of Texas Roadhouse by 13.4% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 8,298 shares of the restaurant operator’s stock worth $544,000 after purchasing an additional 981 shares during the period. 88.93% 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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