Texas Roadhouse Inc (NASDAQ:TXRH) – Stock analysts at Oppenheimer issued their Q3 2018 earnings per share (EPS) estimates for shares of Texas Roadhouse in a research report issued to clients and investors on Thursday. Oppenheimer analyst B. Bittner expects that the restaurant operator will post earnings of $0.55 per share for the quarter. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for Texas Roadhouse’s Q4 2018 earnings at $0.43 EPS.
Several other analysts have also weighed in on TXRH. BidaskClub raised Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. Jefferies Group raised Texas Roadhouse from an “underperform” rating to a “hold” rating and lifted their price objective for the stock from $41.00 to $50.00 in a report on Saturday, December 30th. Stifel Nicolaus began coverage on Texas Roadhouse in a report on Monday, October 2nd. They set a “buy” rating and a $55.00 price objective on the stock. BMO Capital Markets decreased their price objective on Texas Roadhouse from $58.00 to $57.00 and set an “outperform” rating on the stock in a report on Tuesday, October 31st. Finally, Robert W. Baird reissued a “buy” rating and set a $56.00 price objective on shares of Texas Roadhouse in a report on Tuesday, September 19th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $51.79.
Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Monday, October 30th. The restaurant operator reported $0.43 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.43. The firm had revenue of $540.50 million for 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%. The company’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 EPS.
A number of institutional investors and hedge funds have recently modified their holdings of TXRH. Janus Henderson Group PLC raised its position in Texas Roadhouse by 332.4% in the 2nd quarter. Janus Henderson Group PLC now owns 1,967,343 shares of the restaurant operator’s stock valued at $100,236,000 after purchasing an additional 1,512,352 shares during the last quarter. FMR LLC increased its stake in shares of Texas Roadhouse by 130.5% in the 2nd quarter. FMR LLC now owns 1,400,306 shares of the restaurant operator’s stock valued at $71,346,000 after buying an additional 792,906 shares during the period. Lord Abbett & CO. LLC acquired a new stake in shares of Texas Roadhouse in the 2nd quarter valued at $37,869,000. Teachers Advisors LLC increased its stake in shares of Texas Roadhouse by 290.1% in the 2nd quarter. Teachers Advisors LLC now owns 444,776 shares of the restaurant operator’s stock valued at $22,661,000 after buying an additional 330,759 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of Texas Roadhouse in the 2nd quarter valued at $13,964,000. Hedge funds and other institutional investors own 85.95% of the company’s stock.
In other Texas Roadhouse news, General Counsel Celia Catlett sold 3,663 shares of Texas Roadhouse stock in a transaction on Monday, November 13th. The stock was sold at an average price of $49.34, for a total value of $180,732.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Wayne Kent Taylor sold 200,000 shares of Texas Roadhouse stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $51.09, for a total value of $10,218,000.00. Following the completion of the transaction, the chief executive officer now owns 3,908,231 shares of the company’s stock, valued at approximately $199,671,521.79. The disclosure for this sale can be found here. Insiders have sold a total of 204,963 shares of company stock valued at $10,464,850 in the last 90 days. 7.40% of the stock is owned by corporate insiders.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Wednesday, December 13th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $0.84 annualized dividend and a dividend yield of 1.48%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 48.55%.
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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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