What is Wedbush’s Estimate for Texas Roadhouse Q4 Earnings?

Texas Roadhouse, Inc. (NASDAQ:TXRH) – Wedbush raised their Q4 2024 earnings per share (EPS) estimates for shares of Texas Roadhouse in a research note issued to investors on Friday, October 25th. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings per share of $1.62 for the quarter, up from their previous estimate of $1.56. 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 $6.38 per share. Wedbush also issued estimates for Texas Roadhouse’s Q1 2025 earnings at $2.03 EPS, Q4 2025 earnings at $1.65 EPS and FY2025 earnings at $7.17 EPS.

A number of other research analysts have also recently commented on TXRH. Stifel Nicolaus raised their price target on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Wells Fargo & Company boosted their price target on Texas Roadhouse from $165.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Morgan Stanley increased their price objective on Texas Roadhouse from $200.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. BMO Capital Markets boosted their target price on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating for the company in a research report on Monday, July 29th. Twelve 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.com, Texas Roadhouse presently has an average rating of “Hold” and a consensus target price of $189.00.

Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock opened at $193.18 on Monday. The firm has a market cap of $12.88 billion, a P/E ratio of 33.12, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. The firm’s 50-day simple moving average is $172.81 and its 200-day simple moving average is $168.86. Texas Roadhouse has a twelve month low of $98.18 and a twelve month high of $193.23.

Texas Roadhouse (NASDAQ:TXRH) last posted 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 firm earned $0.95 EPS. The firm’s quarterly revenue was up 13.5% on a year-over-year basis.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th were given a dividend of $0.61 per share. The ex-dividend date was Wednesday, September 4th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.26%. Texas Roadhouse’s payout ratio is currently 41.92%.

Hedge Funds Weigh In On Texas Roadhouse

Several large investors have recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. raised its holdings in Texas Roadhouse by 82.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 24,172 shares of the restaurant operator’s stock worth $4,269,000 after purchasing an additional 10,919 shares during the last quarter. Angeles Wealth Management LLC grew 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 worth $259,000 after buying an additional 75 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of Texas Roadhouse by 15.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 13,801 shares of the restaurant operator’s stock worth $2,437,000 after buying an additional 1,861 shares during the period. Optas LLC bought a new stake in shares of Texas Roadhouse during the third quarter worth approximately $1,221,000. Finally, New York State Common Retirement Fund lifted its holdings in Texas Roadhouse by 24.4% in the third quarter. New York State Common Retirement Fund now owns 190,909 shares of the restaurant operator’s stock valued at $33,715,000 after buying an additional 37,490 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.