Texas Roadhouse, Inc. (NASDAQ:TXRH) – Investment analysts at Oppenheimer Holdings dropped their FY2018 earnings estimates for shares of Texas Roadhouse in a research note issued to investors on Tuesday. Oppenheimer Holdings analyst B. Bittner now anticipates that the restaurant operator will post earnings per share of $2.17 for the year, down from their previous forecast of $2.22. Oppenheimer Holdings currently has a “Hold” rating on the stock.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Monday, October 30th. The restaurant operator reported $0.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.43. Texas Roadhouse had a net margin of 5.73% and a return on equity of 16.71%. The company had revenue of $540.50 million during the quarter, compared to analyst estimates of $538.15 million. During the same period last year, the firm posted $0.36 EPS. Texas Roadhouse’s revenue for the quarter was up 12.2% compared to the same quarter last year.

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Several other equities research analysts also recently weighed in on TXRH. Deutsche Bank AG reissued a “hold” rating and issued a $53.00 price objective (up from $49.00) on shares of Texas Roadhouse in a report on Monday, July 10th. BidaskClub downgraded Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Zacks Investment Research raised Texas Roadhouse from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Friday, July 21st. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Texas Roadhouse in a report on Tuesday, July 25th. Finally, Maxim Group reissued a “buy” rating and issued a $55.00 price objective on shares of Texas Roadhouse in a report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $51.05.

In other Texas Roadhouse news, Director Kathy Widmer sold 2,000 shares of the stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $47.95, for a total value of $95,900.00. Following the completion of the transaction, the director now owns 11,750 shares in the company, valued at $563,412.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider S. Chris Jacobsen sold 2,500 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $49.25, for a total value of $123,125.00. Following the completion of the transaction, the insider now owns 15,184 shares of the company’s stock, valued at approximately $747,812. The disclosure for this sale can be found here. Corporate insiders own 7.40% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. YorkBridge Wealth Partners LLC raised its position in Texas Roadhouse by 4.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,159 shares of the restaurant operator’s stock worth $110,000 after acquiring an additional 87 shares in the last quarter. Creative Planning raised its position in Texas Roadhouse by 11.2% in the second quarter. Creative Planning now owns 2,223 shares of the restaurant operator’s stock worth $113,000 after acquiring an additional 224 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Texas Roadhouse by 11.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,612 shares of the restaurant operator’s stock worth $133,000 after acquiring an additional 258 shares in the last quarter. Advisor Group Inc. raised its position in Texas Roadhouse by 26.8% in the second quarter. Advisor Group Inc. now owns 2,808 shares of the restaurant operator’s stock worth $143,000 after acquiring an additional 593 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in Texas Roadhouse by 4.3% in the first quarter. Public Employees Retirement System of Ohio now owns 3,393 shares of the restaurant operator’s stock worth $151,000 after acquiring an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 86.39% of the company’s stock.

Texas Roadhouse Company Profile

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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