Texas Roadhouse (TXRH) to Release Quarterly Earnings on Thursday

Texas Roadhouse (NASDAQ:TXRH) is anticipated to announce its earnings results 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. Investors that are interested in registering for the company’s conference call can do so using this link.

Texas Roadhouse Price Performance

TXRH stock opened at $168.52 on Thursday. The company has a market capitalization of $11.24 billion, a PE ratio of 28.96, a P/E/G ratio of 1.28 and a beta of 1.02. Texas Roadhouse has a 12 month low of $130.15 and a 12 month high of $206.04. The firm’s 50-day moving average is $182.66 and its 200 day moving average is $180.12.

Analyst Ratings Changes

Several research analysts recently commented on TXRH shares. Robert W. Baird raised their price target on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Morgan Stanley upgraded shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $205.00 to $213.00 in a report on Tuesday, January 21st. Royal Bank of Canada reiterated a “sector perform” rating and set a $200.00 target price on shares of Texas Roadhouse in a report on Thursday, January 16th. Stifel Nicolaus increased their target price on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Barclays increased their target price on shares of Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Thirteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $191.26.

Insider Activity

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the sale, the insider now owns 10,000 shares of the company’s stock, valued at $1,794,600. The trade was a 12.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.50% of the company’s stock.

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.