Texas Roadhouse, Inc. (NASDAQ:TXRH) – Equities researchers at Jefferies Group increased their FY2017 EPS estimates for shares of Texas Roadhouse in a research report issued on Monday. Jefferies Group analyst A. Barish now expects that the restaurant operator will post earnings of $1.89 per share for the year, up from their previous forecast of $1.86. Jefferies Group currently has a “Sell” rating and a $40.00 target price on the stock. Jefferies Group also issued estimates for Texas Roadhouse’s Q4 2017 earnings at $0.32 EPS, Q1 2018 earnings at $0.66 EPS, Q2 2018 earnings at $0.57 EPS, Q3 2018 earnings at $0.48 EPS, Q4 2018 earnings at $0.35 EPS and FY2018 earnings at $2.06 EPS.

Texas Roadhouse (NASDAQ:TXRH) last posted its 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. Texas Roadhouse had a net margin of 5.73% and a return on equity of 16.96%. The company had revenue of $540.50 million during the quarter, compared to analysts’ expectations of $538.15 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. Texas Roadhouse’s quarterly revenue was up 12.2% compared to the same quarter last year.

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Several other analysts have also issued reports on the stock. BidaskClub lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Deutsche Bank AG reiterated a “hold” rating and set a $53.00 price target (up previously from $49.00) on shares of Texas Roadhouse in a research report on Monday, July 10th. Barclays PLC reduced their price target on shares of Texas Roadhouse from $56.00 to $55.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 18th. Zacks Investment Research lowered shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Texas Roadhouse in a research report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $51.05.

Texas Roadhouse (NASDAQ:TXRH) opened at 50.01 on Wednesday. The company has a market cap of $3.55 billion, a PE ratio of 30.11 and a beta of 0.57. Texas Roadhouse has a 1-year low of $38.54 and a 1-year high of $53.61. The stock has a 50 day moving average of $49.43 and a 200-day moving average of $48.99.

In other news, Director Kathy Widmer sold 2,000 shares of the firm’s stock in a transaction on 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 transaction, the director now owns 11,750 shares of the company’s stock, valued at $563,412.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider S. Chris Jacobsen sold 2,500 shares of the firm’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 transaction, the insider now directly owns 15,184 shares of the company’s stock, valued at approximately $747,812. The disclosure for this sale can be found here. 6.60% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Seven Bridges Advisors LLC raised its stake in shares of Texas Roadhouse by 0.5% during the second quarter. Seven Bridges Advisors LLC now owns 8,077 shares of the restaurant operator’s stock valued at $412,000 after acquiring an additional 39 shares during the last quarter. YorkBridge Wealth Partners LLC raised its stake in shares of Texas Roadhouse by 4.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,159 shares of the restaurant operator’s stock valued at $110,000 after acquiring an additional 87 shares during the last quarter. Sawtooth Solutions LLC raised its stake in shares of Texas Roadhouse by 1.9% during the second quarter. Sawtooth Solutions LLC now owns 4,926 shares of the restaurant operator’s stock valued at $251,000 after acquiring an additional 91 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of Texas Roadhouse by 2.4% during the second quarter. Teacher Retirement System of Texas now owns 5,346 shares of the restaurant operator’s stock valued at $272,000 after acquiring an additional 127 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Texas Roadhouse by 4.3% during the first quarter. Public Employees Retirement System of Ohio now owns 3,393 shares of the restaurant operator’s stock valued at $151,000 after acquiring an additional 141 shares during the last quarter. 86.39% of the stock is owned by hedge funds and other institutional investors.

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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