Revenue Update on Texas Roadhouse Inc(NASDAQ:TXRH)

Texas Roadhouse Inc(NASDAQ:TXRH) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $508.81M. Analysts estimated a revenue of $509.80M. Earnings per share were $0.47. Analysts had estimated an EPS of $0.45.

In a different note, On Jul 26, 2016, Stifel Nicolaus said it Downgrades its rating on Texas Roadhouse Inc. The shares have been rated ‘Hold’ by the firm. On Jul 26, 2016, Telsey Advisory Group said it Downgrades its rating on Texas Roadhouse Inc. The shares have been rated ‘Market Perform’ by the firm. On Jul 26, 2016, Jefferies said it Downgrades its rating on Texas Roadhouse Inc. The shares have been rated ‘Underperform’ by the firm. On Jul 18, 2016, Maxim Group said it Downgrades its rating on Texas Roadhouse Inc. The shares have been rated ‘Hold’ by the firm.

Texas Roadhouse Inc (TXRH) made into the market gainers list on Mondays trading session with the shares advancing 0.63% or 0.28 points. Due to strong positive momentum, the stock ended at $44.86, which is also near the day’s high of $45.62. The stock began the session at $44.8 and the volume stood at 13,10,800 shares. The 52-week high of the shares is $48.995 and the 52 week low is $31.55. The company has a current market capitalization of $3,155 M and it has 7,03,23,596 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 13, 2016, Celia Catlett (General Counsel) sold 966 shares at $46.20 per share price.Also, On May 9, 2016, Kathy Widmer (director) sold 6,000 shares at $44.20 per share price.On Feb 26, 2016, S. Chris Jacobsen (Chief Marketing Officer) sold 3,500 shares at $41.28 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.

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