Research Analysts Issue Forecasts for Texas Roadhouse Inc’s Q4 2019 Earnings (TXRH)
Texas Roadhouse Inc (NASDAQ:TXRH) – Stock analysts at Wedbush lowered their Q4 2019 EPS estimates for shares of Texas Roadhouse in a report issued on Monday, September 10th. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings per share of $0.53 for the quarter, down from their prior estimate of $0.57. Wedbush currently has a “Neutral” rating and a $67.00 target price on the stock.
Several other brokerages have also weighed in on TXRH. Wells Fargo & Co cut their target price on Texas Roadhouse from $63.00 to $61.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 31st. Stifel Nicolaus increased their target price on Texas Roadhouse from $68.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, July 12th. Stephens lowered Texas Roadhouse from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $75.00 to $70.00 in a research report on Wednesday. They noted that the move was a valuation call. Zacks Investment Research raised Texas Roadhouse from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Thursday, July 19th. Finally, Robert W. Baird increased their target price on Texas Roadhouse from $70.00 to $74.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 25th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $64.02.
Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Monday, July 30th. The restaurant operator reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). Texas Roadhouse had a return on equity of 18.15% and a net margin of 6.76%. The business had revenue of $629.24 million for the quarter, compared to analysts’ expectations of $634.52 million. During the same period in the prior year, the company earned $0.53 EPS. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year.
Institutional investors have recently made changes to their positions in the company. Boston Advisors LLC acquired a new stake in shares of Texas Roadhouse during the second quarter valued at about $1,711,000. Sandler Capital Management grew its stake in shares of Texas Roadhouse by 26.2% during the first quarter. Sandler Capital Management now owns 63,080 shares of the restaurant operator’s stock valued at $3,645,000 after acquiring an additional 13,080 shares in the last quarter. Carillon Tower Advisers Inc. grew its stake in shares of Texas Roadhouse by 31.1% during the second quarter. Carillon Tower Advisers Inc. now owns 179,844 shares of the restaurant operator’s stock valued at $11,782,000 after acquiring an additional 42,700 shares in the last quarter. Eagle Asset Management Inc. grew its stake in shares of Texas Roadhouse by 4.5% during the second quarter. Eagle Asset Management Inc. now owns 124,672 shares of the restaurant operator’s stock valued at $8,167,000 after acquiring an additional 5,372 shares in the last quarter. Finally, Zeke Capital Advisors LLC acquired a new position in Texas Roadhouse in the second quarter worth about $209,000. Institutional investors own 91.44% of the company’s stock.
In related news, insider S. Chris Jacobsen sold 1,500 shares of the stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $70.00, for a total value of $105,000.00. Following the completion of the sale, the insider now directly owns 15,033 shares in the company, valued at approximately $1,052,310. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Tonya Robinson sold 1,023 shares of the stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $67.17, for a total value of $68,714.91. Following the completion of the sale, the chief financial officer now owns 2 shares of the company’s stock, valued at $134.34. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,023 shares of company stock valued at $286,215. 5.89% of the stock is owned by insiders.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Wednesday, September 12th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, September 11th. This represents a $1.00 annualized dividend and a yield of 1.38%. Texas Roadhouse’s dividend payout ratio is currently 50.76%.
About Texas Roadhouse
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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