Texas Roadhouse (NASDAQ:TXRH) Stock Rating Reaffirmed by Wedbush

Wedbush reissued their outperform rating on shares of Texas Roadhouse (NASDAQ:TXRH) in a report published on Tuesday morning, Benzinga reports. The brokerage currently has a $190.00 target price on the restaurant operator’s stock. Wedbush also issued estimates for Texas Roadhouse’s Q3 2024 earnings at $1.34 EPS, Q4 2024 earnings at $1.56 EPS, FY2024 earnings at $6.37 EPS, Q1 2025 earnings at $1.93 EPS, Q2 2025 earnings at $1.82 EPS, Q3 2025 earnings at $1.58 EPS, Q4 2025 earnings at $1.61 EPS and FY2025 earnings at $6.94 EPS.

Other research analysts have also issued research reports about the stock. Morgan Stanley increased their price target on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock an equal weight rating in a research report on Tuesday, July 16th. Truist Financial boosted their price target on Texas Roadhouse from $185.00 to $196.00 and gave the company a buy rating in a research note on Friday, July 26th. Royal Bank of Canada boosted their target price on shares of Texas Roadhouse from $165.00 to $175.00 and gave the company a sector perform rating in a research note on Friday, June 7th. Evercore ISI upped their target price on shares of Texas Roadhouse from $175.00 to $195.00 and gave the stock an outperform rating in a report on Friday, July 26th. Finally, BTIG Research lifted their price target on shares of Texas Roadhouse from $175.00 to $190.00 and gave the company a buy rating in a report on Friday, July 26th. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $172.95.

Texas Roadhouse Trading Down 1.9 %

TXRH opened at $174.90 on Tuesday. The stock’s 50 day simple moving average is $168.29 and its 200-day simple moving average is $164.47. The stock has a market cap of $11.66 billion, a PE ratio of 35.46, a P/E/G ratio of 1.59 and a beta of 0.99. Texas Roadhouse has a 1 year low of $91.06 and a 1 year high of $180.69.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.15. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.22 EPS. Equities analysts forecast that Texas Roadhouse will post 6.32 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th were paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Wednesday, September 4th. Texas Roadhouse’s dividend payout ratio (DPR) is presently 49.39%.

Institutional Investors Weigh In On Texas Roadhouse

A number of institutional investors and hedge funds have recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. grew its holdings in Texas Roadhouse by 12.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the restaurant operator’s stock worth $128,000 after acquiring an additional 85 shares during the period. Gries Financial LLC lifted its stake in shares of Texas Roadhouse by 6.5% in the 2nd quarter. Gries Financial LLC now owns 1,876 shares of the restaurant operator’s stock valued at $322,000 after purchasing an additional 114 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Texas Roadhouse by 4.8% in the 1st quarter. Advisors Asset Management Inc. now owns 2,679 shares of the restaurant operator’s stock worth $414,000 after purchasing an additional 122 shares during the last quarter. Signaturefd LLC grew its stake in shares of Texas Roadhouse by 8.0% during the second quarter. Signaturefd LLC now owns 1,883 shares of the restaurant operator’s stock worth $323,000 after purchasing an additional 140 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Texas Roadhouse during the second quarter worth $25,000. 94.82% of the stock is owned by 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.