Texas Roadhouse Inc (TXRH) Forecasted to Post FY2018 Earnings of $2.19 Per Share

Texas Roadhouse Inc (NASDAQ:TXRH) – Research analysts at Oppenheimer cut their FY2018 earnings estimates for shares of Texas Roadhouse in a note issued to investors on Tuesday, October 30th. Oppenheimer analyst B. Bittner now expects that the restaurant operator will post earnings per share of $2.19 for the year, down from their prior estimate of $2.34. Oppenheimer also issued estimates for Texas Roadhouse’s Q4 2018 earnings at $0.41 EPS and FY2019 earnings at $2.44 EPS.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Monday, October 29th. The restaurant operator reported $0.40 earnings per share 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 analyst estimates of $594.16 million. Texas Roadhouse had a net margin of 6.53% and a return on equity of 17.65%. Texas Roadhouse’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 EPS.

A number of other equities analysts also recently weighed in on the company. BMO Capital Markets downgraded Texas Roadhouse from a “market perform” rating to an “underperform” rating and dropped their target price for the company from $62.00 to $58.00 in a report on Monday, September 24th. Zacks Investment Research downgraded Texas Roadhouse from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. BidaskClub downgraded Texas Roadhouse from a “hold” rating to a “sell” rating in a report on Friday, October 5th. BTIG Research downgraded Texas Roadhouse from a “buy” rating to a “neutral” rating in a report on Thursday, September 13th. Finally, Wedbush downgraded Texas Roadhouse from an “outperform” rating to a “neutral” rating and set a $67.00 target price on the stock. in a report on Monday, September 10th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company’s stock. Texas Roadhouse has a consensus rating of “Hold” and an average price target of $65.00.

Shares of TXRH opened at $62.51 on Wednesday. The stock has a market capitalization of $4.80 billion, a PE ratio of 31.73, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62. Texas Roadhouse has a fifty-two week low of $47.70 and a fifty-two week high of $75.24.

In related news, insider S. Chris Jacobsen sold 1,500 shares of the stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $70.00, for a total value of $105,000.00. Following the transaction, the insider now owns 15,033 shares in the company, valued at $1,052,310. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Douglas W. Thompson sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 25th. The stock was sold at an average price of $68.75, for a total value of $687,500.00. Following the completion of the transaction, the chief operating officer now owns 38,519 shares in the company, valued at approximately $2,648,181.25. The disclosure for this sale can be found here. Insiders sold 14,023 shares of company stock worth $973,715 in the last 90 days. 5.89% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Bruderman Asset Management LLC bought a new stake in Texas Roadhouse during the second quarter worth approximately $123,000. Cornerstone Wealth Management LLC bought a new stake in Texas Roadhouse during the second quarter worth approximately $200,000. Zeke Capital Advisors LLC bought a new stake in Texas Roadhouse during the second quarter worth approximately $209,000. World Asset Management Inc bought a new stake in Texas Roadhouse during the second quarter worth approximately $211,000. Finally, Alps Advisors Inc. bought a new stake in Texas Roadhouse during the third quarter worth approximately $225,000. Hedge funds and other institutional investors own 91.78% 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 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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