Jefferies Financial Group Analysts Decrease Earnings Estimates for Texas Roadhouse Inc (NASDAQ:TXRH)

Texas Roadhouse Inc (NASDAQ:TXRH) – Analysts at Jefferies Financial Group lowered their Q2 2019 EPS estimates for shares of Texas Roadhouse in a research note issued on Monday, April 29th, Zacks Investment Research reports. Jefferies Financial Group analyst A. Barish now expects that the restaurant operator will earn $0.67 per share for the quarter, down from their prior estimate of $0.70. Jefferies Financial Group also issued estimates for Texas Roadhouse’s Q4 2019 earnings at $0.50 EPS and FY2020 earnings at $2.66 EPS.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Monday, April 29th. The restaurant operator reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.12). Texas Roadhouse had a return on equity of 16.17% and a net margin of 6.11%. The firm had revenue of $690.61 million for the quarter, compared to analyst estimates of $693.76 million. During the same quarter last year, the business posted $0.76 EPS. The firm’s revenue was up 10.0% compared to the same quarter last year.

A number of other analysts have also issued reports on TXRH. BidaskClub lowered shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. Wells Fargo & Co decreased their target price on shares of Texas Roadhouse from $63.00 to $58.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 30th. Zacks Investment Research lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. BTIG Research upgraded shares of Texas Roadhouse from a “neutral” rating to a “buy” rating and set a $64.00 target price on the stock in a research report on Friday. Finally, Robert W. Baird upgraded shares of Texas Roadhouse from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $61.00 to $65.00 in a report on Monday. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $63.68.

NASDAQ TXRH traded up $1.89 during mid-day trading on Thursday, reaching $54.66. 1,270,854 shares of the stock were exchanged, compared to its average volume of 940,239. Texas Roadhouse has a 1-year low of $52.26 and a 1-year high of $75.24. The firm has a market cap of $3.87 billion, a P/E ratio of 24.85, a price-to-earnings-growth ratio of 1.97 and a beta of 0.59. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 0.89.

In other Texas Roadhouse news, President Scott Matthew Colosi sold 34,247 shares of Texas Roadhouse stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $62.39, for a total value of $2,136,670.33. Following the transaction, the president now owns 121,388 shares in the company, valued at approximately $7,573,397.32. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James R. Zarley purchased 18,900 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was bought at an average price of $52.51 per share, for a total transaction of $992,439.00. Following the acquisition, the director now owns 113,100 shares in the company, valued at $5,938,881. The disclosure for this purchase can be found here. In the last quarter, insiders sold 43,247 shares of company stock worth $2,673,820. 5.89% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Covenant Partners LLC purchased a new position in shares of Texas Roadhouse in the 1st quarter valued at $281,000. Jane Street Group LLC purchased a new position in shares of Texas Roadhouse in the 1st quarter valued at $332,000. BlueCrest Capital Management Ltd purchased a new position in shares of Texas Roadhouse in the 1st quarter valued at $757,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Texas Roadhouse by 12.7% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,327 shares of the restaurant operator’s stock valued at $893,000 after acquiring an additional 1,616 shares during the period. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Texas Roadhouse in the 1st quarter valued at $431,000. 88.27% of the stock is currently owned by institutional investors and hedge funds.

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 April 29, 2019, it owned and operated approximately 590 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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