Texas Roadhouse Inc (NASDAQ:TXRH) – Investment analysts at Oppenheimer decreased their Q1 2019 earnings estimates for Texas Roadhouse in a report issued on Wednesday, February 20th. Oppenheimer analyst B. Bittner now forecasts that the restaurant operator will post earnings of $0.80 per share for the quarter, down from their previous estimate of $0.84. Oppenheimer also issued estimates for Texas Roadhouse’s Q2 2019 earnings at $0.69 EPS and Q4 2019 earnings at $0.47 EPS.
Other research analysts also recently issued reports about the company. Wedbush reissued a “hold” rating and issued a $62.00 target price on shares of Texas Roadhouse in a report on Wednesday. BidaskClub cut shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a research report on Wednesday. Barclays dropped their price objective on shares of Texas Roadhouse from $66.00 to $64.00 and set an “overweight” rating for the company in a research report on Tuesday, October 30th. Royal Bank of Canada dropped their price objective on shares of Texas Roadhouse to $66.00 and set an “outperform” rating for the company in a research report on Tuesday, October 30th. Finally, Goldman Sachs Group upgraded shares of Texas Roadhouse from a “neutral” rating to a “buy” rating and upped their target price for the company from $64.00 to $72.00 in a research report on Friday, January 11th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. Texas Roadhouse has an average rating of “Hold” and an average price target of $65.00.
Shares of TXRH opened at $62.76 on Thursday. The company has a market capitalization of $4.69 billion, a PE ratio of 31.86, a price-to-earnings-growth ratio of 2.20 and a beta of 0.71. Texas Roadhouse has a one year low of $54.32 and a one year high of $75.24.
Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Tuesday, February 19th. The restaurant operator reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. The business had revenue of $605.91 million for the quarter, compared to the consensus estimate of $599.06 million. Texas Roadhouse had a return on equity of 17.39% and a net margin of 6.53%. Texas Roadhouse’s revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.40 EPS.
In related news, President Scott Matthew Colosi sold 6,741 shares of the company’s stock in a transaction on Wednesday, January 9th. The shares were sold at an average price of $63.22, for a total value of $426,166.02. Following the completion of the sale, the president now owns 68,202 shares in the company, valued at approximately $4,311,730.44. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.89% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund increased its position in shares of Texas Roadhouse by 5,870.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,541,514 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 1,515,693 shares in the last quarter. Berman Capital Advisors LLC bought a new stake in shares of Texas Roadhouse in the 4th quarter valued at $27,000. Enlightenment Research LLC bought a new stake in shares of Texas Roadhouse in the 4th quarter valued at $42,000. Advisory Services Network LLC boosted its stake in Texas Roadhouse by 34.7% in the 4th quarter. Advisory Services Network LLC now owns 851 shares of the restaurant operator’s stock worth $51,000 after purchasing an additional 219 shares during the period. Finally, Bank of Montreal Can boosted its stake in Texas Roadhouse by 8.7% in the 4th quarter. Bank of Montreal Can now owns 2,100 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 168 shares during the period. Institutional investors and hedge funds own 87.98% of the company’s stock.
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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