Texas Roadhouse Inc. (NASDAQ:TXRH) – KeyCorp lowered their FY2016 earnings per share estimates for Texas Roadhouse in a research report issued on Wednesday. KeyCorp analyst C. O’cull now forecasts that the brokerage will post earnings per share of $1.79 for the year, down from their prior estimate of $1.81. KeyCorp has a “Buy” rating and a $50.00 price objective on the stock.

A number of other equities analysts also recently issued reports on TXRH. RBC Capital Markets restated a “sector perform” rating and issued a $46.00 price target (up from $44.00) on shares of Texas Roadhouse in a research note on Tuesday, August 2nd. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $42.00 target price on shares of Texas Roadhouse in a report on Tuesday, August 2nd. BTIG Research reaffirmed a “neutral” rating on shares of Texas Roadhouse in a report on Tuesday, August 2nd. Zacks Investment Research cut Texas Roadhouse from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. Finally, Buckingham Research assumed coverage on Texas Roadhouse in a report on Thursday, June 16th. They issued a “neutral” rating and a $47.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $43.78.

Earnings History and Estimates for Texas Roadhouse (NASDAQ:TXRH)

Texas Roadhouse (NASDAQ:TXRH) opened at 39.03 on Monday. The stock has a market capitalization of $2.75 billion, a PE ratio of 24.55 and a beta of 0.57. The stock has a 50 day moving average price of $43.74 and a 200-day moving average price of $44.30. Texas Roadhouse has a 12-month low of $33.06 and a 12-month high of $49.00.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. Texas Roadhouse had a return on equity of 16.78% and a net margin of 5.88%. The firm earned $509 million during the quarter, compared to analysts’ expectations of $509.80 million. During the same period in the prior year, the business earned $0.30 EPS. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, September 14th were given a dividend of $0.19 per share. The ex-dividend date was Monday, September 12th. This represents a $0.76 annualized dividend and a dividend yield of 1.95%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 48.10%.

In other Texas Roadhouse news, Director James R. Zarley bought 23,800 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was acquired at an average price of $42.23 per share, for a total transaction of $1,005,074.00. Following the completion of the transaction, the director now directly owns 104,000 shares of the company’s stock, valued at $4,391,920. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Wayne Kent Taylor sold 150,000 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $46.03, for a total value of $6,904,500.00. Following the transaction, the chief executive officer now owns 4,363,261 shares of the company’s stock, valued at approximately $200,840,903.83. The disclosure for this sale can be found here. Company insiders own 7.40% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Aperio Group LLC raised its position in shares of Texas Roadhouse by 17.0% in the first quarter. Aperio Group LLC now owns 27,624 shares of the company’s stock valued at $1,204,000 after buying an additional 4,007 shares during the period. Virginia Retirement System acquired a new position in shares of Texas Roadhouse during the first quarter valued at about $771,000. IFP Advisors Inc raised its position in shares of Texas Roadhouse by 24.0% in the first quarter. IFP Advisors Inc now owns 2,908 shares of the company’s stock valued at $127,000 after buying an additional 563 shares during the period. CIBC World Markets Inc. acquired a new position in shares of Texas Roadhouse during the first quarter valued at about $324,000. Finally, Pacad Investment Ltd. acquired a new position in shares of Texas Roadhouse during the first quarter valued at about $309,000. Institutional investors and hedge funds own 88.84% of the company’s stock.

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.

5 Day Chart for NASDAQ:TXRH

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