Q1 2019 Earnings Forecast for Texas Roadhouse Issued By Wedbush (TXRH)

Texas Roadhouse (NASDAQ:TXRH) – Stock analysts at Wedbush lowered their Q1 2019 earnings estimates for Texas Roadhouse in a research report issued on Tuesday, May 1st, Zacks Investment Research reports. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings per share of $0.82 for the quarter, down from their previous forecast of $0.84. Wedbush has a “Outperform” rating and a $69.00 price objective on the stock. Wedbush also issued estimates for Texas Roadhouse’s Q2 2019 earnings at $0.72 EPS and FY2019 earnings at $2.63 EPS.

TXRH has been the topic of a number of other research reports. Stifel Nicolaus boosted their target price on Texas Roadhouse from $62.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, April 18th. Morgan Stanley boosted their target price on Texas Roadhouse from $58.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 1st. Royal Bank of Canada restated a “hold” rating and issued a $58.00 target price on shares of Texas Roadhouse in a research note on Friday, February 23rd. BidaskClub downgraded Texas Roadhouse from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 12th. Finally, Stephens boosted their target price on Texas Roadhouse to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 1st. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $61.46.

Shares of NASDAQ TXRH opened at $60.40 on Thursday. Texas Roadhouse has a twelve month low of $59.60 and a twelve month high of $60.39. The company has a market capitalization of $4.25 billion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 2.11 and a beta of 0.56. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.06.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Monday, April 30th. The restaurant operator reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. Texas Roadhouse had a return on equity of 17.97% and a net margin of 6.66%. The business had revenue of $627.70 million during the quarter, compared to the consensus estimate of $626.34 million. During the same quarter in the previous year, the business earned $0.61 EPS. The company’s quarterly revenue was up 10.6% on a year-over-year basis.

In other Texas Roadhouse news, Director Kathy Widmer sold 8,000 shares of the business’s stock in a transaction on Monday, March 26th. The shares were sold at an average price of $56.51, for a total transaction of $452,080.00. Following the sale, the director now owns 10,950 shares of the company’s stock, valued at approximately $618,784.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James R. Zarley sold 10,900 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $56.82, for a total transaction of $619,338.00. The disclosure for this sale can be found here. Insiders own 5.89% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Profund Advisors LLC increased its holdings in shares of Texas Roadhouse by 8.6% in the first quarter. Profund Advisors LLC now owns 11,064 shares of the restaurant operator’s stock worth $639,000 after purchasing an additional 877 shares during the period. Meadow Creek Investment Management LLC increased its holdings in shares of Texas Roadhouse by 23.8% in the fourth quarter. Meadow Creek Investment Management LLC now owns 4,576 shares of the restaurant operator’s stock worth $241,000 after purchasing an additional 880 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of Texas Roadhouse by 4.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 26,232 shares of the restaurant operator’s stock worth $1,516,000 after purchasing an additional 1,035 shares during the period. Scout Investments Inc. increased its holdings in shares of Texas Roadhouse by 0.5% in the first quarter. Scout Investments Inc. now owns 224,405 shares of the restaurant operator’s stock worth $12,966,000 after purchasing an additional 1,219 shares during the period. Finally, Advisor Group Inc. increased its holdings in shares of Texas Roadhouse by 26.1% in the fourth quarter. Advisor Group Inc. now owns 5,912 shares of the restaurant operator’s stock worth $312,000 after purchasing an additional 1,222 shares during the period. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Texas Roadhouse Company Profile

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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