FY2024 EPS Estimates for Texas Roadhouse Boosted by Analyst

Texas Roadhouse, Inc. (NASDAQ:TXRH) – Stock analysts at Wedbush increased their FY2024 EPS estimates for Texas Roadhouse in a research report issued on Thursday, December 19th. Wedbush analyst N. Setyan now anticipates that the restaurant operator will post earnings of $6.41 per share for the year, up from their prior estimate of $6.36. Wedbush currently has a “Outperform” rating and a $200.00 price target on the stock. The consensus estimate for Texas Roadhouse’s current full-year earnings is $6.39 per share.

Several other analysts also recently weighed in on TXRH. Guggenheim boosted their price objective on shares of Texas Roadhouse from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Loop Capital decreased their price objective on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Bank of America lifted 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. Royal Bank of Canada boosted their target price on Texas Roadhouse from $175.00 to $185.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Finally, UBS Group raised their price target on Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Texas Roadhouse currently has an average rating of “Hold” and a consensus price target of $190.09.

Texas Roadhouse Stock Up 1.2 %

TXRH stock opened at $182.58 on Monday. The stock has a market cap of $12.18 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 1.59 and a beta of 0.98. Texas Roadhouse has a fifty-two week low of $115.48 and a fifty-two week high of $206.04. The business has a 50 day moving average price of $191.56 and a 200 day moving average price of $177.49.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The business 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 earnings per share. The company’s revenue was up 13.5% compared to the same quarter last year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a $0.61 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.34%. Texas Roadhouse’s dividend payout ratio is presently 41.92%.

Insider Activity at Texas Roadhouse

In related news, 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 value of $119,352.60. Following the completion of the transaction, the director now directly owns 3,532 shares of the company’s stock, valued at $691,071.12. This trade represents a 14.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the completion of the sale, the chief technology officer now directly owns 16,342 shares in the company, valued at $3,305,332.92. This trade 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.

Hedge Funds Weigh In On Texas Roadhouse

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. 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% during 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 in the last quarter. True Wealth Design LLC acquired a new position in Texas Roadhouse in the 3rd quarter valued at about $30,000. PSI Advisors LLC lifted its holdings in Texas Roadhouse by 70.8% in the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 75 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake 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 worth $46,000 after purchasing an additional 140 shares during the last quarter. Institutional investors and hedge funds 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.