Zacks: Analysts Expect Texas Roadhouse Inc (TXRH) Will Post Earnings of $0.40 Per Share

Brokerages expect Texas Roadhouse Inc (NASDAQ:TXRH) to post $0.40 earnings per share for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Texas Roadhouse’s earnings. The highest EPS estimate is $0.43 and the lowest is $0.36. Texas Roadhouse also reported earnings per share of $0.40 in the same quarter last year. The company is expected to issue its next quarterly earnings results on Tuesday, February 19th.

According to Zacks, analysts expect that Texas Roadhouse will report full-year earnings of $2.19 per share for the current financial year, with EPS estimates ranging from $2.14 to $2.26. For the next fiscal year, analysts expect that the business will report earnings of $2.53 per share, with EPS estimates ranging from $2.43 to $2.74. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for 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 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 business had revenue of $594.60 million during the quarter, compared to the consensus estimate of $594.16 million. During the same quarter in the previous year, the business posted $0.43 earnings per share. The firm’s revenue was up 10.0% on a year-over-year basis.

Several research analysts have weighed in on TXRH shares. BMO Capital Markets downgraded shares of Texas Roadhouse from a “market perform” rating to an “underperform” rating and decreased their price target for the stock from $62.00 to $58.00 in a research report on Monday, September 24th. Zacks Investment Research downgraded shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Maxim Group increased their price target on shares of Texas Roadhouse from $67.00 to $72.00 and gave the stock a “hold” rating in a research report on Thursday, October 25th. BidaskClub downgraded shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a research report on Friday, October 5th. Finally, Gordon Haskett started coverage on shares of Texas Roadhouse in a research report on Thursday, October 18th. They issued an “underperform” rating and a $60.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $65.00.

TXRH opened at $64.48 on Friday. Texas Roadhouse has a 1-year low of $47.86 and a 1-year high of $75.24. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 32.73, a price-to-earnings-growth ratio of 2.49 and a beta of 0.77.

In related news, COO Douglas W. Thompson sold 10,000 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $2,648,181.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider S. Chris Jacobsen sold 1,500 shares of the firm’s stock in a transaction 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 directly 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 a total of 17,250 shares of company stock worth $1,169,393 over the last 90 days. Insiders own 5.89% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Texas Roadhouse by 4.9% during the third quarter. Vanguard Group Inc. now owns 6,042,344 shares of the restaurant operator’s stock valued at $418,675,000 after acquiring an additional 284,604 shares in the last quarter. Morgan Stanley grew its stake in Texas Roadhouse by 52.2% during the third quarter. Morgan Stanley now owns 405,107 shares of the restaurant operator’s stock valued at $28,069,000 after acquiring an additional 139,001 shares in the last quarter. Legal & General Group Plc grew its stake in Texas Roadhouse by 1.3% during the third quarter. Legal & General Group Plc now owns 70,237 shares of the restaurant operator’s stock valued at $4,866,000 after acquiring an additional 928 shares in the last quarter. Teachers Advisors LLC grew its stake in Texas Roadhouse by 0.5% during the third quarter. Teachers Advisors LLC now owns 505,752 shares of the restaurant operator’s stock valued at $35,044,000 after acquiring an additional 2,373 shares in the last quarter. Finally, Great Lakes Advisors LLC purchased a new position in Texas Roadhouse during the third quarter valued at $872,000. 88.93% of the stock is owned by 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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Earnings History and Estimates for Texas Roadhouse (NASDAQ:TXRH)

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