Wedbush Reiterates “Outperform” Rating for Texas Roadhouse (NASDAQ:TXRH)

Wedbush reissued their outperform rating on shares of Texas Roadhouse (NASDAQ:TXRH) in a research note published on Thursday, MarketBeat reports. They currently have 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.

A number of other brokerages have also recently weighed in on TXRH. The Goldman Sachs Group initiated coverage on shares of Texas Roadhouse in a research note on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price objective for the company. Royal Bank of Canada boosted their target price on shares of Texas Roadhouse from $175.00 to $185.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Guggenheim raised their price target on Texas Roadhouse from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Stifel Nicolaus boosted their price objective on Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Finally, Truist Financial raised their target price on Texas Roadhouse from $202.00 to $207.00 and gave the company a “buy” rating in a 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. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $190.09.

Texas Roadhouse Price Performance

NASDAQ TXRH opened at $181.38 on Thursday. Texas Roadhouse has a fifty-two week low of $115.48 and a fifty-two week high of $206.04. The stock’s 50-day moving average is $191.47 and its two-hundred day moving average is $177.38. The firm has a market cap of $12.10 billion, a P/E ratio of 31.17, a price-to-earnings-growth ratio of 1.59 and a beta of 0.98.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 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 company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the company posted $0.95 EPS. The business’s revenue was up 13.5% on a year-over-year basis. On average, equities analysts expect that Texas Roadhouse will post 6.39 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm 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. The ex-dividend date is Tuesday, December 10th. This represents a $2.44 annualized dividend and a dividend yield of 1.35%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 41.92%.

Insider Buying and Selling

In other news, Director Donna E. Epps sold 610 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $195.66, for a total value 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the transaction, the chief technology officer now directly owns 16,342 shares of the company’s stock, valued at $3,305,332.92. This represents a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

Several hedge funds have recently modified their holdings of TXRH. Hollencrest Capital Management acquired a new position in shares of Texas Roadhouse in the 2nd quarter worth approximately $25,000. True Wealth Design LLC bought a new position in Texas Roadhouse in the 3rd quarter valued at $30,000. McClarren Financial Advisors Inc. boosted its stake in Texas Roadhouse by 4,175.0% in the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 167 shares in the last quarter. PSI Advisors LLC grew its holdings in shares of Texas Roadhouse by 70.8% during the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 75 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Texas Roadhouse by 118.6% in the third 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 in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

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.