Texas Roadhouse’s (TXRH) Outperform Rating Reiterated at Wedbush

Wedbush restated their outperform rating on shares of Texas Roadhouse (NASDAQ:TXRH) in a research report released on Thursday morning, MarketBeat.com reports. Wedbush currently has a $200.00 price objective on the restaurant operator’s stock. Wedbush also issued estimates for Texas Roadhouse’s Q4 2024 earnings at $1.67 EPS, Q4 2025 earnings at $1.67 EPS and FY2025 earnings at $7.19 EPS.

Other equities analysts have also recently issued research reports about the stock. Citigroup raised their target price on shares of Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Stifel Nicolaus boosted their target price on Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Bank of America upped their target price on Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Truist Financial lifted their price target on Texas Roadhouse from $202.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, UBS Group upped their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a report on Friday, October 25th. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Texas Roadhouse currently has a consensus rating of “Hold” and a consensus target price of $190.09.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $181.38 on Thursday. Texas Roadhouse has a 12-month low of $115.48 and a 12-month high of $206.04. The firm has a market capitalization of $12.10 billion, a price-to-earnings ratio of 31.17, a price-to-earnings-growth ratio of 1.59 and a beta of 0.98. The business has a 50 day simple moving average of $191.47 and a 200 day simple moving average of $177.38.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The company’s revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.95 EPS. On average, equities analysts anticipate that Texas Roadhouse will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.35%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio (DPR) is currently 41.92%.

Insider Transactions at Texas Roadhouse

In other news, CTO Hernan E. Mujica sold 1,500 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $202.26, for a total value of $303,390.00. Following the transaction, the chief technology officer now owns 16,342 shares in the company, valued at $3,305,332.92. This represents a 8.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Donna E. Epps sold 610 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the sale, the director now owns 3,532 shares of the company’s stock, valued at approximately $691,071.12. This represents a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Texas Roadhouse

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TXRH. Hollencrest Capital Management acquired a new position in shares of Texas Roadhouse in the second quarter worth $25,000. McClarren Financial Advisors Inc. increased its position in Texas Roadhouse by 4,175.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 167 shares during the last quarter. True Wealth Design LLC acquired a new position in Texas Roadhouse in the 3rd quarter worth about $30,000. PSI Advisors LLC raised its stake in shares of Texas Roadhouse by 70.8% during the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 75 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Texas Roadhouse by 118.6% during the 3rd quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 94.82% 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.