Texas Roadhouse Inc (NASDAQ:TXRH) – Stock analysts at Oppenheimer issued their Q1 2019 earnings per share (EPS) estimates for shares of Texas Roadhouse in a research report issued to clients and investors on Wednesday, January 9th. Oppenheimer analyst B. Bittner expects that the restaurant operator will post earnings of $0.84 per share for the quarter. Oppenheimer also issued estimates for Texas Roadhouse’s Q2 2019 earnings at $0.66 EPS, Q3 2019 earnings at $0.45 EPS, Q4 2019 earnings at $0.45 EPS, FY2019 earnings at $2.41 EPS and FY2020 earnings at $2.64 EPS.
A number of other equities analysts have also recently commented on the stock. Goldman Sachs Group upgraded shares of Texas Roadhouse from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $64.00 to $72.00 in a research report on Friday. BidaskClub upgraded shares of Texas Roadhouse from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Zacks Investment Research cut shares of Texas Roadhouse from a “hold” rating to a “strong sell” rating in a research report on Friday, November 2nd. Morgan Stanley decreased their price objective on shares of Texas Roadhouse from $63.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 30th. Finally, BMO Capital Markets decreased their price objective on shares of Texas Roadhouse from $58.00 to $53.00 and set an “underperform” rating on the stock in a research report on Tuesday, October 30th. Four analysts have rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Texas Roadhouse currently has an average rating of “Hold” and a consensus target price of $65.35.
Shares of NASDAQ:TXRH opened at $66.98 on Thursday. The firm has a market capitalization of $4.51 billion, a P/E ratio of 34.00, a price-to-earnings-growth ratio of 2.11 and a beta of 0.85. Texas Roadhouse has a 52 week low of $53.05 and a 52 week high of $75.24.
Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Monday, October 29th. The restaurant operator reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.14). The business had revenue of $594.60 million during the quarter, compared to analysts’ expectations of $594.16 million. Texas Roadhouse had a return on equity of 17.39% and a net margin of 6.53%. Texas Roadhouse’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 EPS.
Several hedge funds and other institutional investors have recently made changes to their positions in TXRH. Bruderman Asset Management LLC purchased a new position in shares of Texas Roadhouse during the second quarter valued at about $123,000. Paradigm Asset Management Co. LLC boosted its stake in Texas Roadhouse by 10.0% during the third quarter. Paradigm Asset Management Co. LLC now owns 2,750 shares of the restaurant operator’s stock worth $191,000 after acquiring an additional 250 shares in the last quarter. Independent Advisor Alliance bought a new stake in Texas Roadhouse during the third quarter worth about $201,000. Blair William & Co. IL bought a new stake in Texas Roadhouse during the third quarter worth about $204,000. Finally, YHB Investment Advisors Inc. bought a new stake in Texas Roadhouse during the fourth quarter worth about $204,000. Institutional investors own 90.24% of the company’s stock.
In related news, Director James F. Parker sold 4,250 shares of the business’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $62.21, for a total transaction of $264,392.50. Following the transaction, the director now owns 87,810 shares in the company, valued at $5,462,660.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Scott Matthew Colosi sold 6,741 shares of the business’s stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $63.22, for a total transaction of $426,166.02. Following the transaction, the president now owns 68,202 shares in the company, valued at approximately $4,311,730.44. The disclosure for this sale can be found here. 5.89% of the stock is currently owned by insiders.
The company also recently disclosed a dividend, which was paid on Monday, December 31st. Shareholders of record on Wednesday, December 19th were given a $0.25 dividend. The ex-dividend date was Tuesday, December 18th. Texas Roadhouse’s payout ratio is 50.76%.
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 October 29, 2018, it owned and operated approximately 575 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.
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