Analysts expect that Texas Roadhouse Inc (NASDAQ:TXRH) will announce $543.95 million in sales for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have made estimates for Texas Roadhouse’s earnings, with estimates ranging from $540.35 million to $546.76 million. Texas Roadhouse posted sales of $484.71 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.2%. The business is expected to announce its next quarterly earnings results after the market closes on Tuesday, February 20th.
On average, analysts expect that Texas Roadhouse will report full-year sales of $543.95 million for the current financial year, with estimates ranging from $2.21 billion to $2.22 billion. For the next financial year, analysts anticipate that the company will post sales of $2.43 billion per share, with estimates ranging from $2.41 billion to $2.45 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Texas Roadhouse.
TXRH has been the subject of several analyst reports. Maxim Group reiterated a “buy” rating and issued a $55.00 price objective on shares of Texas Roadhouse in a research note on Friday, October 20th. Robert W. Baird reiterated a “buy” rating and issued a $56.00 price objective on shares of Texas Roadhouse in a research note on Friday, October 20th. Zacks Investment Research upgraded shares of Texas Roadhouse from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research note on Wednesday, January 31st. Canaccord Genuity reiterated a “hold” rating and issued a $51.00 price objective on shares of Texas Roadhouse in a research note on Sunday, October 22nd. Finally, Oppenheimer reiterated a “hold” rating on shares of Texas Roadhouse in a research note on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $55.45.
In other news, General Counsel Celia Catlett sold 6,337 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $56.11, for a total transaction of $355,569.07. Following the completion of the sale, the general counsel now owns 26,337 shares in the company, valued at approximately $1,477,769.07. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kathy Widmer sold 1,300 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $50.86, for a total transaction of $66,118.00. Following the completion of the transaction, the director now directly owns 10,450 shares of the company’s stock, valued at $531,487. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 236,174 shares of company stock valued at $12,261,138. 7.40% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TXRH. Lord Abbett & CO. LLC bought a new position in Texas Roadhouse in the 2nd quarter worth approximately $37,869,000. Renaissance Technologies LLC bought a new position in Texas Roadhouse in the 2nd quarter worth approximately $13,964,000. BlackRock Inc. boosted its holdings in Texas Roadhouse by 3.9% in the 4th quarter. BlackRock Inc. now owns 7,022,082 shares of the restaurant operator’s stock worth $369,923,000 after buying an additional 265,122 shares during the period. Point72 Asset Management L.P. bought a new position in Texas Roadhouse in the 3rd quarter worth approximately $6,268,000. Finally, State Street Corp boosted its holdings in Texas Roadhouse by 5.1% in the 2nd quarter. State Street Corp now owns 2,221,004 shares of the restaurant operator’s stock worth $113,158,000 after buying an additional 108,401 shares during the period. 85.95% of the stock is owned by institutional investors.
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About Texas Roadhouse
Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.
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