Analysts Issue Forecasts for Texas Roadhouse, Inc.’s Q4 2017 Earnings (TXRH)

Texas Roadhouse, Inc. (NASDAQ:TXRH) – Analysts at Oppenheimer Holdings boosted their Q4 2017 earnings per share estimates for Texas Roadhouse in a research report issued on Tuesday. Oppenheimer Holdings analyst B. Bittner now expects that the restaurant operator will post earnings of $0.38 per share for the quarter, up from their previous forecast of $0.37. Oppenheimer Holdings currently has a “Hold” rating on the stock.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Monday, October 30th. The restaurant operator reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. The company had revenue of $540.50 million during the quarter, compared to analyst estimates of $538.15 million. Texas Roadhouse had a return on equity of 16.71% and a net margin of 5.73%. Texas Roadhouse’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.36 earnings per share. TRADEMARK VIOLATION NOTICE: “Analysts Issue Forecasts for Texas Roadhouse, Inc.’s Q4 2017 Earnings (TXRH)” was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://www.com-unik.info/2017/11/02/analysts-issue-forecasts-for-texas-roadhouse-inc-s-q4-2017-earnings-txrh.html.

TXRH has been the subject of several other reports. BMO Capital Markets decreased their price objective on shares of Texas Roadhouse from $58.00 to $57.00 and set an “outperform” rating for the company in a research report on Tuesday. Barclays PLC lifted their price objective on shares of Texas Roadhouse from $53.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 1st. Maxim Group lifted their price objective on shares of Texas Roadhouse from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday. Robert W. Baird reaffirmed a “buy” rating and set a $56.00 price objective on shares of Texas Roadhouse in a research report on Tuesday, September 19th. Finally, BidaskClub cut shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. Texas Roadhouse currently has a consensus rating of “Hold” and a consensus price target of $51.05.

In related news, Director Kathy Widmer sold 2,000 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $47.95, for a total value of $95,900.00. Following the completion of the sale, the director now directly owns 11,750 shares of the company’s stock, valued at $563,412.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider S. Chris Jacobsen sold 2,500 shares of the business’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $49.25, for a total transaction of $123,125.00. Following the completion of the sale, the insider now directly owns 15,184 shares of the company’s stock, valued at $747,812. The disclosure for this sale can be found here. 7.40% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of Texas Roadhouse by 1.2% in the second quarter. BlackRock Inc. now owns 6,619,255 shares of the restaurant operator’s stock valued at $337,251,000 after buying an additional 76,918 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Texas Roadhouse by 1.8% in the second quarter. Vanguard Group Inc. now owns 5,195,450 shares of the restaurant operator’s stock valued at $264,708,000 after buying an additional 91,825 shares during the last quarter. State Street Corp raised its holdings in shares of Texas Roadhouse by 5.1% in the second quarter. State Street Corp now owns 2,221,004 shares of the restaurant operator’s stock valued at $113,158,000 after buying an additional 108,401 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Texas Roadhouse by 332.4% in the second quarter. Janus Henderson Group PLC now owns 1,967,343 shares of the restaurant operator’s stock valued at $100,236,000 after buying an additional 1,512,352 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Texas Roadhouse by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,651,685 shares of the restaurant operator’s stock valued at $84,154,000 after buying an additional 24,577 shares during the last quarter. 86.39% of the stock is owned by institutional investors and hedge funds.

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.

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

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