By otakuyassine3@gmail.com 
Wedbush reiterated their outperform rating on shares of Texas Roadhouse (NASDAQ:TXRH – Free Report) in a research note released on Thursday morning, MarketBeat Ratings reports. The brokerage 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.
Several other equities analysts also recently weighed in on the stock. Guggenheim raised their target price on shares of Texas Roadhouse from $190.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Loop Capital cut 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 report on Monday, October 28th. Stifel Nicolaus raised their target price on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Citigroup raised their price objective on Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Finally, UBS Group upped their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Roadhouse currently has a consensus rating of “Hold” and a consensus price target of $190.09.
Read Our Latest Analysis on Texas Roadhouse
Texas Roadhouse Stock Up 0.3 %
TXRH stock traded up $0.57 during mid-day trading on Thursday, hitting $183.43. 133,338 shares of the company 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 firm has a market capitalization of $12.24 billion, a P/E ratio of 31.52, a PEG ratio of 1.59 and a beta of 0.98. The business has a fifty day simple moving average of $191.35 and a 200-day simple moving average of $177.24.
Texas Roadhouse (NASDAQ:TXRH – Get Free Report) last issued 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 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 quarter in the prior year, the company earned $0.95 EPS. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. Research analysts predict that Texas Roadhouse will post 6.39 EPS for the current year.
Texas Roadhouse Announces Dividend
The firm 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 dividend of $0.61 per share. The ex-dividend date is Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.33%. Texas Roadhouse’s dividend payout ratio is 41.92%.
Insider Buying and Selling
In other news, Director Donna E. Epps sold 610 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse 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 sale, the chief technology officer now directly owns 16,342 shares of the company’s stock, valued at approximately $3,305,332.92. The trade was 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 have recently added to or reduced their stakes in the company. Marshall Wace LLP boosted its stake in Texas Roadhouse by 128.9% in the 2nd quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock valued at $131,375,000 after buying an additional 430,814 shares in the last quarter. FMR LLC lifted its position in shares of Texas Roadhouse by 81.6% during the third quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock worth $158,679,000 after purchasing an additional 403,720 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Texas Roadhouse by 76.0% during the third quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator’s stock valued at $157,375,000 after purchasing an additional 385,998 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Texas Roadhouse in the third quarter valued at approximately $66,609,000. Finally, Fiera Capital Corp bought a new position in Texas Roadhouse in the 3rd quarter worth approximately $41,670,000. 94.82% of the stock is owned by institutional investors and hedge funds.
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.
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