Q4 2016 EPS Estimates for Texas Roadhouse Inc. Reduced by KeyCorp (TXRH)
Texas Roadhouse Inc. (NASDAQ:TXRH) – Stock analysts at KeyCorp lowered their Q4 2016 earnings per share estimates for shares of Texas Roadhouse in a report released on Wednesday. KeyCorp analyst C. O’cull now anticipates that the brokerage will earn $0.39 per share for the quarter, down from their previous forecast of $0.41. KeyCorp has a “Buy” rating and a $50.00 price objective on the stock. KeyCorp also issued estimates for Texas Roadhouse’s FY2017 earnings at $2.03 EPS.
TXRH has been the subject of several other research reports. Canaccord Genuity started coverage on Texas Roadhouse in a report on Monday, August 22nd. They issued a “hold” rating and a $48.00 price target for the company. Zacks Investment Research cut Texas Roadhouse from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. Robert W. Baird restated a “neutral” rating on shares of Texas Roadhouse in a report on Thursday, September 8th. Jefferies Group cut Texas Roadhouse from a “hold” rating to an “underperform” rating and set a $37.00 price target for the company. in a report on Tuesday, July 26th. Finally, Maxim Group cut Texas Roadhouse from a “buy” rating to a “hold” rating and set a $48.00 price target for the company. in a report on Monday, July 18th. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have given a buy rating to the company’s stock. Texas Roadhouse presently has an average rating of “Hold” and a consensus price target of $43.78.
Texas Roadhouse (NASDAQ:TXRH) opened at 39.03 on Friday. The firm has a 50-day moving average of $43.74 and a 200 day moving average of $44.30. Texas Roadhouse has a 52 week low of $33.06 and a 52 week high of $49.00. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 24.55 and a beta of 0.57.
Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The company had revenue of $509 million for the quarter, compared to analyst estimates of $509.80 million. Texas Roadhouse had a net margin of 5.88% and a return on equity of 16.78%. The firm’s revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 earnings per share.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, September 14th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Monday, September 12th. Texas Roadhouse’s dividend payout ratio is currently 48.10%.
In related news, CEO Wayne Kent Taylor sold 150,000 shares of the company’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $46.03, for a total transaction of $6,904,500.00. Following the sale, the chief executive officer now directly owns 4,363,261 shares of the company’s stock, valued at approximately $200,840,903.83. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James R. Zarley purchased 23,800 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were purchased at an average cost of $42.23 per share, for a total transaction of $1,005,074.00. Following the completion of the transaction, the director now owns 104,000 shares in the company, valued at approximately $4,391,920. The disclosure for this purchase can be found here. Corporate insiders own 7.40% of the company’s stock.
Large investors have recently bought and sold shares of the stock. State Street Corp raised its stake in Texas Roadhouse by 52.1% in the second quarter. State Street Corp now owns 2,036,118 shares of the company’s stock valued at $92,845,000 after buying an additional 697,515 shares in the last quarter. Mesirow Financial Investment Management Equity Management purchased a new stake in Texas Roadhouse during the second quarter valued at about $21,691,000. WBI Investments Inc. purchased a new stake in Texas Roadhouse during the second quarter valued at about $18,654,000. Norges Bank purchased a new stake in Texas Roadhouse during the fourth quarter valued at about $13,691,000. Finally, Nationwide Fund Advisors raised its stake in Texas Roadhouse by 527.3% in the second quarter. Nationwide Fund Advisors now owns 453,189 shares of the company’s stock valued at $20,665,000 after buying an additional 380,945 shares in the last quarter. 88.84% of the stock is currently owned by institutional investors and hedge funds.
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 hand-cut daily on the premises and cooked to order over open grills. In addition to steaks, the Company also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, and an assortment of hamburgers, salads and sandwiches.
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