Texas Roadhouse (TXRH) Expected to Announce Quarterly Earnings on Thursday

Texas Roadhouse (NASDAQ:TXRH) will likely be issuing its quarterly earnings data after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of $1.66 per share and revenue of $1.41 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Texas Roadhouse Stock Performance

NASDAQ TXRH opened at $177.48 on Wednesday. The stock has a market cap of $11.84 billion, a PE ratio of 30.49, a PEG ratio of 1.28 and a beta of 1.02. The firm’s fifty day moving average price is $180.63 and its two-hundred day moving average price is $180.04. Texas Roadhouse has a fifty-two week low of $144.82 and a fifty-two week high of $206.04.

Insiders Place Their Bets

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $179.46, for a total value of $245,860.20. Following the transaction, the insider now directly owns 10,000 shares in the company, valued at $1,794,600. The trade was a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $200.00 price target on shares of Texas Roadhouse in a report on Thursday, January 16th. Gordon Haskett lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price on the stock. in a report on Wednesday, January 8th. The Goldman Sachs Group began coverage on shares of Texas Roadhouse in a report on Thursday, December 5th. They issued a “neutral” rating and a $213.00 target price on the stock. Morgan Stanley upgraded shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $205.00 to $213.00 in a report on Tuesday, January 21st. Finally, BMO Capital Markets boosted their target price on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Thirteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Texas Roadhouse currently has an average rating of “Hold” and an average target price of $190.83.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.