Texas Roadhouse Inc (TXRH) Expected to Post Quarterly Sales of $687.76 Million

Wall Street brokerages predict that Texas Roadhouse Inc (NASDAQ:TXRH) will report sales of $687.76 million for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Texas Roadhouse’s earnings. The lowest sales estimate is $682.82 million and the highest is $693.47 million. Texas Roadhouse posted sales of $629.24 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9.3%. The business is scheduled to issue its next earnings results on Monday, July 29th.

On average, analysts expect that Texas Roadhouse will report full-year sales of $2.75 billion for the current year, with estimates ranging from $2.73 billion to $2.77 billion. For the next fiscal year, analysts expect that the business will post sales of $2.96 billion, with estimates ranging from $2.93 billion to $2.99 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Texas Roadhouse.

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

A number of equities research analysts have commented on the company. BidaskClub upgraded Texas Roadhouse from a “hold” rating to a “buy” rating in a report on Saturday, February 9th. Goldman Sachs Group upgraded shares of Texas Roadhouse from a “neutral” rating to a “buy” rating and boosted their target price for the company from $64.00 to $72.00 in a report on Friday, January 11th. Zacks Investment Research raised Texas Roadhouse from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research report on Saturday, April 27th. Longbow Research raised Texas Roadhouse from a “neutral” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Tuesday. Finally, ValuEngine lowered Texas Roadhouse from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. Texas Roadhouse currently has an average rating of “Hold” and an average price target of $64.17.

Shares of TXRH stock traded up $0.22 during trading hours on Monday, hitting $54.64. 14,519 shares of the company’s stock were exchanged, compared to its average volume of 938,095. The company has a market capitalization of $3.90 billion, a PE ratio of 24.84, a price-to-earnings-growth ratio of 2.00 and a beta of 0.59. Texas Roadhouse has a 12-month low of $52.26 and a 12-month high of $75.24. 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 related news, Director James R. Zarley acquired 18,900 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were acquired at an average cost of $52.51 per share, for a total transaction of $992,439.00. Following the completion of the acquisition, the director now directly owns 113,100 shares in the company, valued at approximately $5,938,881. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Douglas W. Thompson sold 6,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $59.07, for a total transaction of $354,420.00. Following the sale, the chief operating officer now owns 45,530 shares in the company, valued at $2,689,457.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,247 shares of company stock worth $2,673,820. Company insiders own 5.89% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund lifted its position in shares of Texas Roadhouse by 5,870.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,541,514 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 1,515,693 shares during the period. Berman Capital Advisors LLC purchased a new position in Texas Roadhouse in the 4th quarter worth about $27,000. Enlightenment Research LLC purchased a new position in Texas Roadhouse in the 4th quarter worth about $42,000. Advisory Services Network LLC increased its position in shares of Texas Roadhouse by 34.7% during the 4th quarter. Advisory Services Network LLC now owns 851 shares of the restaurant operator’s stock valued at $51,000 after purchasing an additional 219 shares during the last quarter. Finally, Ellis Investment Partners LLC purchased a new stake in shares of Texas Roadhouse during the 1st quarter valued at about $55,000. 89.40% of the stock is 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 February 19, 2019, it owned and operated approximately 580 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

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