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

Texas Roadhouse (NASDAQ:TXRH) is expected to release its earnings data after the market closes on Thursday, February 20th. Analysts expect Texas Roadhouse to post earnings of $1.66 per share and revenue of $1.41 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Texas Roadhouse Price Performance

Shares of NASDAQ:TXRH opened at $177.48 on Wednesday. The company’s fifty day moving average price is $180.63 and its 200-day moving average price is $180.04. The firm has a market capitalization of $11.84 billion, a price-to-earnings ratio of 30.49, a PEG ratio of 1.28 and a beta of 1.02. Texas Roadhouse has a one year low of $144.82 and a one year high of $206.04.

Insider Activity at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at $1,794,600. This trade represents a 12.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TXRH. UBS Group increased their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Gordon Haskett lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target on the stock. in a report on Wednesday, January 8th. Wedbush reissued an “outperform” rating and issued a $200.00 price target on shares of Texas Roadhouse in a report on Thursday, December 19th. Royal Bank of Canada reissued a “sector perform” rating and issued a $200.00 price target on shares of Texas Roadhouse in a report on Thursday, January 16th. Finally, Loop Capital reduced their target price on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Thirteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $190.83.

About Texas Roadhouse

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.