FY2024 EPS Estimates for Texas Roadhouse Raised by Analyst

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

A number of other analysts also recently issued reports on the stock. Guggenheim lifted their price objective on shares of Texas Roadhouse from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Barclays lifted their price target on Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. The Goldman Sachs Group assumed coverage on Texas Roadhouse in a research report on Thursday, December 5th. They set a “neutral” rating and a $213.00 price objective on the stock. Royal Bank of Canada boosted their target price on Texas Roadhouse from $175.00 to $185.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Finally, UBS Group increased their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Texas Roadhouse has a consensus rating of “Hold” and a consensus price target of $190.09.

Texas Roadhouse Stock Down 0.5 %

Texas Roadhouse stock opened at $180.42 on Monday. The stock has a market cap of $12.04 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 1.59 and a beta of 0.98. The business has a 50-day simple moving average of $191.56 and a 200 day simple moving average of $177.49. Texas Roadhouse has a 52 week low of $115.48 and a 52 week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the firm posted $0.95 EPS. Texas Roadhouse’s revenue was up 13.5% on a year-over-year basis.

Institutional Investors Weigh In On Texas Roadhouse

Large investors have recently made changes to their positions in the company. Kingsview Wealth Management LLC increased its stake in shares of Texas Roadhouse by 3.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator’s stock worth $313,000 after purchasing an additional 54 shares in the last quarter. CIBC Asset Management Inc increased its position in Texas Roadhouse by 3.3% in the third quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator’s stock worth $345,000 after buying an additional 62 shares in the last quarter. Insight Wealth Partners LLC raised its stake in shares of Texas Roadhouse by 3.9% in the third quarter. Insight Wealth Partners LLC now owns 1,818 shares of the restaurant operator’s stock worth $321,000 after buying an additional 68 shares during the period. PSI Advisors LLC lifted its position in shares of Texas Roadhouse by 70.8% during the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 75 shares in the last quarter. Finally, Angeles Wealth Management LLC lifted its position in shares of Texas Roadhouse by 5.4% during the 3rd quarter. Angeles Wealth Management LLC now owns 1,469 shares of the restaurant operator’s stock valued at $259,000 after buying an additional 75 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors.

Insider Activity

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 1,500 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was 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 approximately $3,305,332.92. The trade was a 8.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction that occurred 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 completion of the sale, the director now owns 3,532 shares of the company’s stock, valued at $691,071.12. This represents a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a $0.61 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $2.44 annualized dividend and a dividend yield of 1.35%. Texas Roadhouse’s dividend payout ratio is presently 41.92%.

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.