Texas Roadhouse Inc (TXRH) Releases Earnings Results, Misses Expectations By $-0.04 EPS

Texas Roadhouse Inc (TXRH) reported quarterly earnings results on Monday, May-2-2016. The company reported $0.50 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $0.54. The company posted revenue of $515.56 million in the period, compared to analysts expectations of $516.35 million. The company’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

Many Wall Street Analysts have commented on Texas Roadhouse Inc. Texas Roadhouse Inc was Downgraded by Raymond James to ” Mkt Perform” on Apr 18, 2016. Company shares were Reiterated by Maxim Group on Apr 5, 2016 to “Buy”, Firm has raised the Price Target to $ 48 from a previous price target of $45 .Company shares were Reiterated by RBC Capital Mkts on Feb 23, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 42 from a previous price target of $41 .

Texas Roadhouse Inc closed down -0.59 points or -1.39% at $41.85 with 6,15,027 shares getting traded on Wednesday. Post opening the session at $42.07, the shares hit an intraday low of $41.53 and an intraday high of $42.19 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Feb 26, 2016, S. Chris Jacobsen (Chief Marketing Officer) sold 3,500 shares at $41.28 per share price. According to the SEC, on Feb 26, 2016, Celia Catlett (General Counsel) sold 5,000 shares at $41.28 per share price. On Feb 26, 2016, Scott Matthew Colosi (President and CFO) sold 10,000 shares at $42.33 per share price, according to the Form-4 filing with the securities and exchange commission.

Texas Roadhouse Inc. is a full-service casual dining restaurant company. The Company offers an assortment of seasoned and aged steaks. In addition to steaks it also offers ribs fish seafood chicken pork chops pulled pork and vegetable plates and an assortment of hamburgers salads and sandwiches. Its entrees include made-from-scratch yeast rolls and also include the choice of two of the following made-from-scratch sides: baked potato sweet potato steak fries mashed potatoes house or Caesar salad green beans chili seasoned rice buttered corn applesauce and steamed vegetables. Its restaurants offer a full bar that offers draft and bottled beer different brands of liquor and wine as well as margaritas. As of December 30 2014 the Company had 451 restaurants which included 372 Company restaurants of which 356 were wholly-owned and 16 were majority-owned and 79 franchise restaurants in which the Company held 5% to 10.0% ownership interest in 23 restaurants.

Texas Roadhouse Inc

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