Q4 Earnings Forecast for Texas Roadhouse Issued By Wedbush

Texas Roadhouse, Inc. (NASDAQ:TXRH) – Equities researchers at Wedbush increased their Q4 2024 EPS estimates for Texas Roadhouse in a note issued to investors on Thursday, December 19th. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings of $1.67 per share for the quarter, up from their prior forecast of $1.62. Wedbush has a “Outperform” rating and a $200.00 price objective on the stock. The consensus estimate for Texas Roadhouse’s current full-year earnings is $6.39 per share. Wedbush also issued estimates for Texas Roadhouse’s Q4 2025 earnings at $1.67 EPS and FY2025 earnings at $7.19 EPS.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data 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). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the business earned $0.95 EPS. The company’s revenue for the quarter was up 13.5% on a year-over-year basis.

Several other equities research analysts also recently weighed in on the stock. BMO Capital Markets boosted their target price on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Robert W. Baird upped their price objective on Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Barclays upped their price target on Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. The Goldman Sachs Group started coverage on shares of Texas Roadhouse in a research note on Thursday, December 5th. They set a “neutral” rating and a $213.00 target price for the company. Finally, Truist Financial raised their price target on shares of Texas Roadhouse from $202.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Texas Roadhouse currently has an average rating of “Hold” and an average price target of $190.09.

Texas Roadhouse Trading Down 0.8 %

Shares of NASDAQ:TXRH opened at $181.38 on Friday. The firm has a market cap of $12.10 billion, a PE ratio of 31.17, a price-to-earnings-growth ratio of 1.59 and a beta of 0.98. The company has a fifty day simple moving average of $191.47 and a 200 day simple moving average of $177.38. Texas Roadhouse has a 12-month low of $115.48 and a 12-month high of $206.04.

Texas Roadhouse Announces Dividend

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

Insider Activity

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 business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the transaction, the director now directly owns 3,532 shares in the company, valued at $691,071.12. The trade was 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 company insiders.

Hedge Funds Weigh In On Texas Roadhouse

Institutional investors and hedge funds have recently modified their holdings of the stock. Hantz Financial Services Inc. lifted its holdings in shares of Texas Roadhouse by 8,594.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator’s stock valued at $553,000 after buying an additional 3,094 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Texas Roadhouse during the 3rd quarter worth $17,853,000. Victory Capital Management Inc. raised its holdings in shares of Texas Roadhouse by 194.9% during the 3rd quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock valued at $11,962,000 after purchasing an additional 44,768 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Texas Roadhouse by 0.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator’s stock valued at $85,306,000 after purchasing an additional 4,391 shares during the last quarter. Finally, Portfolio Design Labs LLC acquired a new position in Texas Roadhouse during the third quarter worth $1,595,000. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

About Texas Roadhouse

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.