Brokers Issue Forecasts for Texas Roadhouse Inc’s FY2018 Earnings (TXRH)
Texas Roadhouse Inc (NASDAQ:TXRH) – Equities researchers at Jefferies Group raised their FY2018 earnings per share (EPS) estimates for Texas Roadhouse in a note issued to investors on Tuesday. Jefferies Group analyst A. Barish now anticipates that the restaurant operator will earn $2.45 per share for the year, up from their previous estimate of $2.06. Jefferies Group has a “Hold” rating and a $53.00 price objective on the stock. Jefferies Group also issued estimates for Texas Roadhouse’s FY2019 earnings at $2.81 EPS.
Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Tuesday, February 20th. The restaurant operator reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. Texas Roadhouse had a return on equity of 17.20% and a net margin of 5.93%. The firm had revenue of $545.10 million for the quarter, compared to the consensus estimate of $545.24 million. During the same quarter in the prior year, the business earned $0.29 EPS. The business’s revenue for the quarter was up 12.5% on a year-over-year basis.
Shares of Texas Roadhouse (TXRH) opened at $57.28 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.78 and a quick ratio of 0.63. Texas Roadhouse has a 12-month low of $40.28 and a 12-month high of $60.43. The company has a market capitalization of $4,011.80, a P/E ratio of 31.13, a PEG ratio of 1.89 and a beta of 0.59.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Wednesday, March 14th will be given a $0.25 dividend. The ex-dividend date is Tuesday, March 13th. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.21. This represents a $1.00 annualized dividend and a yield of 1.75%. Texas Roadhouse’s dividend payout ratio is 45.65%.
In related news, insider S. Chris Jacobsen sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $56.50, for a total value of $141,250.00. Following the transaction, the insider now directly owns 25,184 shares of the company’s stock, valued at approximately $1,422,896. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Wayne Kent Taylor sold 200,000 shares of the company’s stock in a transaction that occurred 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 directly owns 3,908,231 shares in the company, valued at $199,671,521.79. The disclosure for this sale can be found here. Insiders sold a total of 246,818 shares of company stock worth $12,884,345 over the last ninety days. 7.40% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its position in Texas Roadhouse by 22.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 15,537 shares of the restaurant operator’s stock valued at $818,000 after acquiring an additional 2,807 shares in the last quarter. We Are One Seven LLC bought a new position in Texas Roadhouse in the 4th quarter valued at approximately $377,000. MetLife Investment Advisors LLC bought a new position in Texas Roadhouse in the 4th quarter valued at approximately $3,815,000. Castleark Management LLC bought a new position in Texas Roadhouse in the 4th quarter valued at approximately $5,578,000. Finally, Vident Investment Advisory LLC lifted its position in Texas Roadhouse by 78.8% in the 4th quarter. Vident Investment Advisory LLC now owns 9,460 shares of the restaurant operator’s stock valued at $498,000 after acquiring an additional 4,170 shares in the last quarter. 87.08% of the stock is currently 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.
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