Texas Roadhouse, Inc. (NASDAQ:TXRH) – Analysts at Jefferies Group raised their Q3 2017 earnings estimates for Texas Roadhouse in a research report issued on Tuesday. Jefferies Group analyst A. Barish now anticipates that the restaurant operator will post earnings per share of $0.41 for the quarter, up from their previous estimate of $0.38. Jefferies Group currently has a “Sell” rating and a $40.00 target price on the stock. Jefferies Group also issued estimates for Texas Roadhouse’s Q4 2017 earnings at $0.31 EPS.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Monday, July 31st. The restaurant operator reported $0.53 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. The firm had revenue of $566.30 million for the quarter, compared to the consensus estimate of $563.23 million. Texas Roadhouse had a net margin of 5.63% and a return on equity of 16.49%. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period last year, the firm posted $0.47 earnings per share. COPYRIGHT VIOLATION NOTICE: “Jefferies Group Comments on Texas Roadhouse, Inc.’s Q3 2017 Earnings (TXRH)” was originally published by Daily Political and is owned by of Daily Political. If you are viewing this report on another website, it was stolen and republished in violation of US and international copyright laws. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/08/05/jefferies-group-comments-on-texas-roadhouse-inc-s-q3-2017-earnings-txrh.html.

A number of other brokerages have also recently commented on TXRH. Zacks Investment Research raised shares of Texas Roadhouse from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Friday, July 21st. Morgan Stanley increased their price objective on shares of Texas Roadhouse from $49.00 to $50.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 2nd. BidaskClub raised shares of Texas Roadhouse from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Canaccord Genuity increased their price objective on shares of Texas Roadhouse from $42.00 to $49.00 and gave the company a “hold” rating in a research note on Wednesday, May 3rd. Finally, Longbow Research reissued a “buy” rating and issued a $56.00 price objective on shares of Texas Roadhouse in a research note on Monday, July 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. Texas Roadhouse currently has an average rating of “Hold” and a consensus target price of $50.11.

Texas Roadhouse (NASDAQ:TXRH) opened at 48.39 on Thursday. The stock has a 50 day moving average of $50.01 and a 200 day moving average of $47.15. Texas Roadhouse has a 1-year low of $37.23 and a 1-year high of $51.91. The stock has a market capitalization of $3.43 billion, a P/E ratio of 29.13 and a beta of 0.54.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Investment Management Company LLC raised its position in shares of Texas Roadhouse by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 11,092 shares of the restaurant operator’s stock valued at $494,000 after buying an additional 32 shares during the last quarter. Seven Bridges Advisors LLC raised its position in shares of Texas Roadhouse by 0.5% in the second quarter. Seven Bridges Advisors LLC now owns 8,077 shares of the restaurant operator’s stock valued at $412,000 after buying an additional 39 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Texas Roadhouse by 0.3% in the first quarter. PNC Financial Services Group Inc. now owns 27,680 shares of the restaurant operator’s stock valued at $1,232,000 after buying an additional 78 shares during the last quarter. Genesee Valley Trust Co. raised its position in shares of Texas Roadhouse by 1.6% in the first quarter. Genesee Valley Trust Co. now owns 7,457 shares of the restaurant operator’s stock valued at $332,000 after buying an additional 121 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Texas Roadhouse by 2.4% in the second quarter. Teacher Retirement System of Texas now owns 5,346 shares of the restaurant operator’s stock valued at $272,000 after buying an additional 127 shares during the last quarter. Institutional investors and hedge funds own 88.37% of the company’s stock.

In other news, General Counsel Celia Catlett sold 1,837 shares of the stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $49.95, for a total transaction of $91,758.15. Following the transaction, the general counsel now directly owns 10,000 shares in the company, valued at approximately $499,500. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kathy Widmer sold 5,200 shares of the stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $48.97, for a total transaction of $254,644.00. Following the transaction, the director now owns 13,750 shares in the company, valued at $673,337.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,037 shares of company stock worth $841,802. Insiders own 7.40% 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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