Brokerages Anticipate Texas Roadhouse Inc (TXRH) Will Announce Quarterly Sales of $543.95 Million

Equities analysts forecast that Texas Roadhouse Inc (NASDAQ:TXRH) will report $543.95 million in sales for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Texas Roadhouse’s earnings. The highest sales estimate is $546.76 million and the lowest is $540.35 million. Texas Roadhouse reported sales of $484.71 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.2%. The business is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, February 20th.

On average, analysts expect that Texas Roadhouse will report full year sales of $543.95 million for the current year, with estimates ranging from $2.21 billion to $2.22 billion. For the next year, analysts forecast that the firm will report sales of $2.43 billion per share, with estimates ranging from $2.41 billion to $2.45 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Texas Roadhouse.

A number of research firms recently issued reports on TXRH. Zacks Investment Research raised shares of Texas Roadhouse from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research note on Wednesday, January 31st. Barclays upped their price target on shares of Texas Roadhouse from $62.00 to $63.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Maxim Group reaffirmed a “buy” rating and set a $65.00 price target (up previously from $60.00) on shares of Texas Roadhouse in a research note on Wednesday, January 24th. Credit Suisse Group raised shares of Texas Roadhouse from a “neutral” rating to an “outperform” rating and set a $65.00 price target on the stock in a research note on Tuesday, January 23rd. Finally, BTIG Research upped their price target on shares of Texas Roadhouse to $67.00 and gave the company a “reduce” rating in a research note on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company’s stock. Texas Roadhouse presently has an average rating of “Hold” and an average target price of $55.45.

In other news, CEO Wayne Kent Taylor sold 200,000 shares of the stock in a transaction 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 sale, the chief executive officer now owns 3,908,231 shares of the company’s stock, valued at $199,671,521.79. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider S. Chris Jacobsen sold 1,000 shares of the stock in a transaction on Friday, January 12th. The shares were sold at an average price of $57.96, for a total transaction of $57,960.00. Following the completion of the sale, the insider now directly owns 18,033 shares in the company, valued at approximately $1,045,192.68. The disclosure for this sale can be found here. In the last three months, insiders sold 236,174 shares of company stock worth $12,261,138. Insiders own 7.40% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. HighTower Advisors LLC raised its stake in shares of Texas Roadhouse by 5.8% in the second quarter. HighTower Advisors LLC now owns 9,919 shares of the restaurant operator’s stock valued at $503,000 after acquiring an additional 542 shares during the period. Advisor Group Inc. raised its stake in shares of Texas Roadhouse by 26.8% in the second quarter. Advisor Group Inc. now owns 2,808 shares of the restaurant operator’s stock valued at $143,000 after acquiring an additional 593 shares during the period. Van Hulzen Asset Management LLC raised its stake in shares of Texas Roadhouse by 27.3% in the third quarter. Van Hulzen Asset Management LLC now owns 5,135 shares of the restaurant operator’s stock valued at $252,000 after acquiring an additional 1,100 shares during the period. Retirement Systems of Alabama raised its stake in shares of Texas Roadhouse by 1.3% in the third quarter. Retirement Systems of Alabama now owns 84,319 shares of the restaurant operator’s stock valued at $4,143,000 after acquiring an additional 1,116 shares during the period. Finally, Eagle Asset Management Inc. raised its stake in shares of Texas Roadhouse by 1.0% in the fourth quarter. Eagle Asset Management Inc. now owns 123,601 shares of the restaurant operator’s stock valued at $6,602,000 after acquiring an additional 1,255 shares during the period. 85.95% of the stock is currently owned by institutional investors and hedge funds.

Shares of Texas Roadhouse (NASDAQ TXRH) opened at $54.62 on Monday. The stock has a market cap of $3,883.81, a price-to-earnings ratio of 31.57, a P/E/G ratio of 1.86 and a beta of 0.59. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.63 and a current ratio of 0.69. Texas Roadhouse has a 12 month low of $40.28 and a 12 month high of $60.43.

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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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