Texas Roadhouse (NASDAQ:TXRH) Given “Outperform” Rating at Wedbush

Texas Roadhouse (NASDAQ:TXRH)‘s stock had its “outperform” rating reaffirmed by stock analysts at Wedbush in a research report issued on Thursday, Marketbeat Ratings reports. They presently have a $200.00 target price on the restaurant operator’s stock. Wedbush’s price objective indicates a potential upside of 10.27% from the stock’s current price. 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.

Other equities analysts have also issued reports about the company. Citigroup upped their target price on Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Truist Financial upped their price objective on Texas Roadhouse from $202.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Evercore ISI raised their target price on Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group began coverage on shares of Texas Roadhouse in a research report on Thursday, December 5th. They set a “neutral” rating and a $213.00 price target for the company. Finally, Royal Bank of Canada lifted their price objective on shares of Texas Roadhouse from $175.00 to $185.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Texas Roadhouse has an average rating of “Hold” and an average target price of $190.09.

Texas Roadhouse Price Performance

TXRH stock opened at $181.38 on Thursday. The firm has a market cap of $12.10 billion, a price-to-earnings ratio of 31.17, a PEG ratio of 1.59 and a beta of 0.98. Texas Roadhouse has a 1-year low of $115.48 and a 1-year high of $206.04. The firm has a fifty day moving average price of $191.47 and a two-hundred day moving average price of $177.32.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.06). The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The company’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period last year, the firm posted $0.95 earnings per share. As a group, analysts expect that Texas Roadhouse will post 6.39 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Donna E. Epps sold 610 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the sale, the director now directly owns 3,532 shares of the company’s stock, valued at $691,071.12. The trade was a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Hernan E. Mujica sold 1,500 shares of the 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 transaction, the chief technology officer now owns 16,342 shares of the company’s stock, 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. 0.50% of the stock is owned by corporate insiders.

Institutional Trading of Texas Roadhouse

Several institutional investors and hedge funds have recently bought and sold shares of TXRH. 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 acquiring an additional 1,670 shares in the last quarter. Raymond James & Associates boosted its stake in Texas Roadhouse by 4.6% in the 2nd quarter. Raymond James & Associates now owns 70,827 shares of the restaurant operator’s stock worth $12,162,000 after purchasing an additional 3,120 shares during the period. Fifth Third Bancorp boosted its stake in Texas Roadhouse by 40.7% in the 2nd 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 period. Raymond James Trust N.A. grew its position in 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 worth $788,000 after purchasing an additional 2,397 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in 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 period. 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.