Oppenheimer Holdings Equities Analysts Lower Earnings Estimates for Texas Roadhouse, Inc. (TXRH)

Texas Roadhouse, Inc. (NASDAQ:TXRH) – Oppenheimer Holdings cut their FY2018 earnings per share (EPS) estimates for shares of Texas Roadhouse in a research note issued to investors on Tuesday. Oppenheimer Holdings analyst B. Bittner now forecasts that the restaurant operator will post earnings per share of $2.17 for the year, down from their previous estimate of $2.22. Oppenheimer Holdings currently has a “Hold” rating on the stock.

A number of other research firms also recently weighed in on TXRH. Barclays PLC reduced their target price on shares of Texas Roadhouse from $56.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday, October 18th. Deutsche Bank AG restated a “hold” rating and issued a $53.00 target price (up from $49.00) on shares of Texas Roadhouse in a report on Monday, July 10th. Robert W. Baird restated a “buy” rating and issued a $56.00 target price on shares of Texas Roadhouse in a report on Friday, October 20th. Maxim Group restated a “buy” rating and issued a $55.00 target price on shares of Texas Roadhouse in a report on Friday, October 20th. Finally, BMO Capital Markets reduced their target price on shares of Texas Roadhouse from $58.00 to $57.00 and set an “outperform” rating on the stock in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $51.05.

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Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Monday, October 30th. The restaurant operator reported $0.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.43. The business had revenue of $540.50 million during the quarter, compared to the consensus estimate of $538.15 million. Texas Roadhouse had a return on equity of 16.71% and a net margin of 5.73%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 EPS.

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

Large investors have recently bought and sold shares of the company. YorkBridge Wealth Partners LLC raised its holdings in shares of Texas Roadhouse by 4.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,159 shares of the restaurant operator’s stock valued at $110,000 after purchasing an additional 87 shares in the last quarter. Creative Planning raised its holdings in shares of Texas Roadhouse by 11.2% in the 2nd quarter. Creative Planning now owns 2,223 shares of the restaurant operator’s stock valued at $113,000 after purchasing an additional 224 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Texas Roadhouse by 11.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,612 shares of the restaurant operator’s stock valued at $133,000 after purchasing an additional 258 shares in the last quarter. Advisor Group Inc. raised its holdings in shares of Texas Roadhouse by 26.8% in the 2nd quarter. Advisor Group Inc. now owns 2,808 shares of the restaurant operator’s stock valued at $143,000 after purchasing an additional 593 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Texas Roadhouse by 4.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 3,393 shares of the restaurant operator’s stock valued at $151,000 after purchasing an additional 141 shares in the last quarter. Institutional investors and hedge funds own 86.39% of the company’s stock.

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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