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

Wedbush reiterated their outperform rating on shares of Texas Roadhouse (NASDAQ:TXRH) in a research report sent to investors on Thursday morning, Marketbeat.com reports. The firm currently has a $200.00 price target 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.

Several other research firms have also issued reports on TXRH. Morgan Stanley boosted their target price on Texas Roadhouse from $200.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. UBS Group lifted their target price on Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Stifel Nicolaus lifted their price target on shares of Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Evercore ISI lifted their price objective on shares of Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Finally, Bank of America lifted their price objective on shares of Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $190.09.

Texas Roadhouse Trading Up 0.3 %

Shares of TXRH traded up $0.57 on Thursday, reaching $183.43. 133,338 shares of the company’s stock were exchanged, compared to its average volume of 758,543. Texas Roadhouse has a 12 month low of $115.48 and a 12 month high of $206.04. The stock has a market capitalization of $12.24 billion, a P/E ratio of 31.52, a price-to-earnings-growth ratio of 1.59 and a beta of 0.98. The business has a 50 day moving average price of $191.35 and a two-hundred day moving average price of $177.24.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share 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 during the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the company earned $0.95 EPS. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. Equities research analysts predict that Texas Roadhouse will post 6.39 EPS for the current year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.44 annualized dividend and a yield of 1.33%. Texas Roadhouse’s payout ratio is currently 41.92%.

Insiders Place Their Bets

In other news, Director Donna E. Epps sold 610 shares of the 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 directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Hernan E. Mujica sold 1,500 shares of the business’s stock in a transaction that occurred on 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 approximately $3,305,332.92. This represents a 8.41 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Texas Roadhouse

Institutional investors and hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its position in shares of Texas Roadhouse by 60.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,425 shares of the restaurant operator’s stock worth $760,000 after purchasing an additional 1,670 shares during the last quarter. Raymond James & Associates increased its stake in Texas Roadhouse by 4.6% in the second quarter. Raymond James & Associates now owns 70,827 shares of the restaurant operator’s stock valued at $12,162,000 after acquiring an additional 3,120 shares during the last quarter. Fifth Third Bancorp lifted its stake in Texas Roadhouse by 40.7% during the second quarter. Fifth Third Bancorp now owns 608 shares of the restaurant operator’s stock worth $104,000 after purchasing an additional 176 shares during the last quarter. Raymond James Trust N.A. increased its position in shares of Texas Roadhouse by 109.5% during the 2nd quarter. Raymond James Trust N.A. now owns 4,587 shares of the restaurant operator’s stock valued at $788,000 after purchasing an additional 2,397 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Texas Roadhouse by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 744,624 shares of the restaurant operator’s stock valued at $127,859,000 after purchasing an additional 2,578 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.