Texas Roadhouse (TXRH) Scheduled to Post Quarterly Earnings on Thursday

Texas Roadhouse (NASDAQ:TXRHGet Free Report) is scheduled to release its earnings data after the market closes on Thursday, February 15th. Analysts expect Texas Roadhouse to post earnings of $1.08 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Texas Roadhouse Stock Down 0.6 %

Shares of Texas Roadhouse stock opened at $133.93 on Tuesday. Texas Roadhouse has a twelve month low of $91.06 and a twelve month high of $136.02. The stock has a market cap of $8.94 billion, a price-to-earnings ratio of 30.86, a P/E/G ratio of 1.58 and a beta of 0.96. The company’s fifty day moving average is $121.36 and its 200 day moving average is $109.56.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Texas Roadhouse in a report on Thursday, October 19th. They issued a “buy” rating and a $111.00 target price on the stock. Truist Financial dropped their target price on shares of Texas Roadhouse from $129.00 to $124.00 and set a “buy” rating on the stock in a report on Friday, October 27th. Piper Sandler restated a “neutral” rating and issued a $110.00 target price on shares of Texas Roadhouse in a report on Friday, December 1st. Morgan Stanley boosted their target price on shares of Texas Roadhouse from $106.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, October 27th. Finally, Wedbush boosted their target price on shares of Texas Roadhouse from $130.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $119.80.

Read Our Latest Report on Texas Roadhouse

Insiders Place Their Bets

In other news, insider Christopher C. Colson sold 2,011 shares of the firm’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $119.19, for a total transaction of $239,691.09. Following the sale, the insider now owns 6,500 shares in the company, valued at approximately $774,735. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Christopher C. Colson sold 2,011 shares of the stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $119.19, for a total transaction of $239,691.09. Following the transaction, the insider now owns 6,500 shares of the company’s stock, valued at approximately $774,735. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Gerald L. Morgan sold 5,000 shares of the stock in a transaction on Friday, November 24th. The shares were sold at an average price of $112.54, for a total transaction of $562,700.00. Following the transaction, the chief executive officer now directly owns 89,824 shares in the company, valued at approximately $10,108,792.96. The disclosure for this sale can be found here. Insiders have sold 17,011 shares of company stock worth $1,969,991 in the last three months. 0.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Texas Roadhouse

A number of large investors have recently modified their holdings of TXRH. Raymond James Financial Services Advisors Inc. raised its holdings in Texas Roadhouse by 14.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 8,983 shares of the restaurant operator’s stock worth $752,000 after buying an additional 1,156 shares during the last quarter. Natixis Advisors L.P. raised its holdings in Texas Roadhouse by 11.4% in the first quarter. Natixis Advisors L.P. now owns 19,852 shares of the restaurant operator’s stock worth $1,662,000 after buying an additional 2,029 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Texas Roadhouse in the first quarter worth about $241,000. Rhumbline Advisers raised its holdings in Texas Roadhouse by 3.3% in the first quarter. Rhumbline Advisers now owns 193,677 shares of the restaurant operator’s stock worth $16,217,000 after buying an additional 6,116 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Texas Roadhouse by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,524 shares of the restaurant operator’s stock worth $2,137,000 after buying an additional 2,433 shares during the last quarter. Institutional investors own 97.24% of the company’s stock.

Texas Roadhouse Company Profile

(Get Free Report)

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company 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.

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Earnings History for Texas Roadhouse (NASDAQ:TXRH)

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