Analysts Expect Texas Roadhouse, Inc. (NASDAQ:TXRH) Will Post Quarterly Sales of $696.65 Million

Wall Street brokerages predict that Texas Roadhouse, Inc. (NASDAQ:TXRH) will post $696.65 million in sales for the current quarter, Zacks Investment Research reports. Ten analysts have made estimates for Texas Roadhouse’s earnings, with estimates ranging from $641.69 million to $708.62 million. Texas Roadhouse reported sales of $725.24 million in the same quarter last year, which indicates a negative year over year growth rate of 3.9%. The firm is scheduled to announce its next quarterly earnings results on Thursday, February 18th.

On average, analysts expect that Texas Roadhouse will report full-year sales of $2.46 billion for the current year, with estimates ranging from $2.40 billion to $2.47 billion. For the next year, analysts anticipate that the firm will report sales of $2.98 billion, with estimates ranging from $2.84 billion to $3.08 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Texas Roadhouse.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Wednesday, October 28th. The restaurant operator reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.22. Texas Roadhouse had a net margin of 2.46% and a return on equity of 6.79%. The firm had revenue of $631.19 million during the quarter, compared to analyst estimates of $614.91 million.

A number of equities research analysts have weighed in on TXRH shares. Robert W. Baird raised shares of Texas Roadhouse from a “neutral” rating to an “outperform” rating and upped their price target for the company from $74.00 to $84.00 in a report on Monday, November 23rd. Credit Suisse Group upped their price target on shares of Texas Roadhouse from $67.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, October 29th. ValuEngine downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Monday, November 2nd. BidaskClub downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Wednesday, October 28th. Finally, Wells Fargo & Company upped their price objective on shares of Texas Roadhouse from $68.00 to $74.00 and gave the company an “equal weight” rating in a research note on Thursday, October 29th. Seventeen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $70.05.

In related news, CMO S. Chris Jacobsen sold 3,500 shares of the stock in a transaction that occurred on Monday, November 16th. The stock was sold at an average price of $73.53, for a total value of $257,355.00. Following the transaction, the chief marketing officer now owns 19,287 shares in the company, valued at $1,418,173.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Wayne Kent Taylor sold 100,000 shares of the stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $70.02, for a total value of $7,002,000.00. Following the completion of the transaction, the chief executive officer now owns 3,568,944 shares in the company, valued at approximately $249,897,458.88. The disclosure for this sale can be found here. Insiders sold 426,381 shares of company stock valued at $30,395,588 over the last three months. 6.16% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System increased its holdings in Texas Roadhouse by 0.5% in the third quarter. State Board of Administration of Florida Retirement System now owns 32,832 shares of the restaurant operator’s stock worth $1,996,000 after buying an additional 161 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Texas Roadhouse by 30.1% in the third quarter. Steward Partners Investment Advisory LLC now owns 913 shares of the restaurant operator’s stock worth $56,000 after buying an additional 211 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in Texas Roadhouse by 8.1% in the third quarter. Meeder Asset Management Inc. now owns 3,296 shares of the restaurant operator’s stock worth $200,000 after buying an additional 246 shares during the last quarter. California State Teachers Retirement System increased its holdings in Texas Roadhouse by 0.4% in the third quarter. California State Teachers Retirement System now owns 99,492 shares of the restaurant operator’s stock worth $6,048,000 after buying an additional 432 shares during the last quarter. Finally, Captrust Financial Advisors increased its holdings in Texas Roadhouse by 36.1% in the third quarter. Captrust Financial Advisors now owns 1,835 shares of the restaurant operator’s stock worth $117,000 after buying an additional 487 shares during the last quarter. Hedge funds and other institutional investors own 93.33% of the company’s stock.

NASDAQ TXRH traded down $1.04 on Tuesday, reaching $78.96. The company’s stock had a trading volume of 366,034 shares, compared to its average volume of 1,258,174. Texas Roadhouse has a twelve month low of $25.15 and a twelve month high of $84.27. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.84 and a current ratio of 0.89. The stock has a market cap of $5.49 billion, a PE ratio of 89.73, a PEG ratio of 21.46 and a beta of 0.97. The firm’s 50 day moving average is $77.04 and its two-hundred day moving average is $64.69.

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 December 31, 2019, it operated 514 domestic restaurants and 97 franchise restaurants.

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Earnings History and Estimates for Texas Roadhouse (NASDAQ:TXRH)

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