In today’s session Texas Roadhouse Inc (TXRH) registered an unusually high (268) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious TXRH increase. With 268 contracts traded and 1774 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: TXRH161118C00040000 closed last at: $1.45 or 20.8% up. About 602,950 shares traded hands. Texas Roadhouse Inc (NASDAQ:TXRH) has declined 7.87% since March 30, 2016 and is downtrending. It has underperformed by 10.88% the S&P500.
Analysts await Texas Roadhouse Inc (NASDAQ:TXRH) to report earnings on November, 7. They expect $0.36 earnings per share, up 24.14% or $0.07 from last year’s $0.29 per share. TXRH’s profit will be $25.80 million for 28.10 P/E if the $0.36 EPS becomes a reality. After $0.47 actual earnings per share reported by Texas Roadhouse Inc for the previous quarter, Wall Street now forecasts -23.40% negative EPS growth.
Texas Roadhouse Inc (NASDAQ:TXRH) Ratings Coverage
Out of 11 analysts covering Texas Roadhouse Inc. (NASDAQ:TXRH), 2 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 18% are positive. Texas Roadhouse Inc. has been the topic of 22 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Texas Roadhouse Inc (NASDAQ:TXRH) has “Market Perform” rating given on Monday, April 18 by Raymond James. The stock of Texas Roadhouse Inc (NASDAQ:TXRH) has “Sector Perform” rating given on Tuesday, February 23 by RBC Capital Markets. As per Thursday, September 29, the company rating was downgraded by KeyBanc Capital Markets. RBC Capital Markets maintained the shares of TXRH in a report on Tuesday, November 3 with “Sector Perform” rating. The firm has “Outperform” rating by Telsey Advisory Group given on Tuesday, September 29. The rating was downgraded by Stifel Nicolaus on Tuesday, July 26 to “Hold”. Barclays Capital maintained Texas Roadhouse Inc (NASDAQ:TXRH) rating on Tuesday, February 23. Barclays Capital has “Overweight” rating and $47 price target. The company was downgraded on Monday, July 18 by Maxim Group. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, August 5. Telsey Advisory Group downgraded the shares of TXRH in a report on Tuesday, July 26 to “Market Perform” rating.
According to Zacks Investment Research, “Texas Roadhouse is a growing, moderately priced, full service restaurant chain. They offer an assortment of specially seasoned and aged steaks hand-cut daily in every restaurant and cooked to order over open gas-fired grills. They also offer their customers, whom they call their guests, a selection of ribs, fish, chicken and vegetable plates, an assortment of hamburgers, salads and sandwiches.”
Insitutional Activity: The institutional sentiment decreased to 1.04 in Q2 2016. Its down 0.24, from 1.28 in 2016Q1. The ratio worsened, as 30 funds sold all Texas Roadhouse Inc shares owned while 85 reduced positions. 50 funds bought stakes while 70 increased positions. They now own 62.17 million shares or 3.14% less from 64.19 million shares in 2016Q1.
Shaker Invests Oh last reported 17,500 shares in the company. New York State Teachers Retirement Systems owns 113,462 shares or 0.01% of their US portfolio. Legal & General Grp Inc Public Ltd Company holds 0% of its portfolio in Texas Roadhouse Inc (NASDAQ:TXRH) for 18,118 shares. Columbia L L C Invest Mngmt, a Maryland-based fund reported 124,326 shares. Tudor Invest Corp Et Al last reported 0.01% of its portfolio in the stock. Nationwide Fund has 0.09% invested in the company for 453,189 shares. Employees Retirement Of Texas has 87,000 shares for 0.05% of their US portfolio. First Mercantile last reported 8,232 shares in the company. Moreover, Analytic Limited Liability Com has 0% invested in Texas Roadhouse Inc (NASDAQ:TXRH) for 5,401 shares. Sib Limited Liability Com last reported 228,748 shares in the company. Tygh Management holds 107,554 shares or 1.38% of its portfolio. State Of Wisconsin Board last reported 0.01% of its portfolio in the stock. The Montana-based Da Davidson & has invested 0% in Texas Roadhouse Inc (NASDAQ:TXRH). Blackrock Inc, a New York-based fund reported 26,839 shares. Tower Rech Cap Ltd Llc (Trc) holds 0.05% of its portfolio in Texas Roadhouse Inc (NASDAQ:TXRH) for 10,724 shares.
Insider Transactions: Since May 5, 2016, the stock had 1 insider buy, and 2 sales for $5.94 million net activity. Another trade for 966 shares valued at $44,629 was made by Catlett Celia on Friday, June 10. 23,800 Texas Roadhouse Inc (NASDAQ:TXRH) shares with value of $1.01 million were bought by ZARLEY JAMES R. Taylor Wayne Kent sold $6.90M worth of stock. $265,200 worth of shares were sold by WIDMER KATHY on Thursday, May 5.
Texas Roadhouse, Inc. is a restaurant company, which operates in the casual dining segment. The company has a market cap of $2.90 billion. The Firm offers an assortment of seasoned and aged steaks hand-cut daily on the premises and cooked to order over open grills. It has a 25.45 P/E ratio. In addition to steaks, the Company also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, and an assortment of hamburgers, salads and sandwiches.
TXRH Company Profile
Texas Roadhouse, Inc., incorporated on May 5, 2004, is a restaurant company, which operates in the casual dining segment. The Firm offers an assortment of seasoned and aged steaks hand-cut daily on the premises and cooked to order over open grills. In addition to steaks, the Company also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, and an assortment of hamburgers, salads and sandwiches. The Company’s entrees include over two made-from-scratch side items and it offers all its guests a free unlimited supply of roasted in-shell peanuts and fresh baked yeast rolls. The Firm owns approximately 400 firm restaurants and over 80 franchise restaurants in approximately 50 states and over four foreign countries. Of the over 400 restaurants the Company operates approximately 390 as Texas Roadhouse and operated over seven as Bubba’s 33 restaurants. In addition, the Company operates over two restaurants outside of the casual dining segment. Bubba’s 33 is a family-friendly sports restaurant, which offers an assortment of wings, sandwiches, pizza and burgers, including bacon grind patty. In addition, it also offers its guests a selection of chicken, beef, fish and seafood. Bubba’s 33 also offers an extensive selection of draft beer.
Another recent and important Texas Roadhouse Inc (NASDAQ:TXRH) news was published by Seekingalpha.com which published an article titled: “Texas Roadhouse: Get In Before The Stock Price Recovers” on October 24, 2016.
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