Wedbush Has Strong Forecast for Texas Roadhouse Q4 Earnings

Texas Roadhouse, Inc. (NASDAQ:TXRH) – Equities research analysts at Wedbush increased their Q4 2024 earnings estimates for Texas Roadhouse in a research report issued to clients and investors on Thursday, December 19th. Wedbush analyst N. Setyan now expects that the restaurant operator will earn $1.67 per share for the quarter, up from their prior forecast of $1.62. Wedbush has a “Outperform” rating and a $200.00 price objective on the stock. The consensus estimate for Texas Roadhouse’s current full-year earnings is $6.39 per share. Wedbush also issued estimates for Texas Roadhouse’s Q4 2025 earnings at $1.67 EPS and FY2025 earnings at $7.19 EPS.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share 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 company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the business posted $0.95 EPS. The firm’s quarterly revenue was up 13.5% on a year-over-year basis.

Other equities research analysts have also recently issued research reports about the stock. Bank of America increased their target price on shares of Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. UBS Group boosted their target price on Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Truist Financial raised their price target on Texas Roadhouse from $202.00 to $207.00 and gave the company a “buy” rating in a report on Friday, October 25th. Royal Bank of Canada boosted their price objective on Texas Roadhouse from $175.00 to $185.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Finally, Loop Capital lowered their target price on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Thirteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $190.09.

Texas Roadhouse Stock Down 0.8 %

NASDAQ TXRH opened at $181.38 on Friday. Texas Roadhouse has a twelve month low of $115.48 and a twelve month high of $206.04. The stock has a market cap of $12.10 billion, a P/E ratio of 31.17, a PEG ratio of 1.59 and a beta of 0.98. The company’s 50-day simple moving average is $191.47 and its 200 day simple moving average is $177.38.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Hollencrest Capital Management bought a new stake in Texas Roadhouse during the 2nd quarter worth about $25,000. McClarren Financial Advisors Inc. raised its holdings in Texas Roadhouse by 4,175.0% during the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 167 shares in the last quarter. True Wealth Design LLC acquired a new position in Texas Roadhouse during the third quarter valued at approximately $30,000. PSI Advisors LLC grew its stake in Texas Roadhouse by 70.8% in the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 75 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of Texas Roadhouse by 118.6% during the 3rd quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 140 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insider Buying and Selling

In other Texas Roadhouse news, Director Donna E. Epps sold 610 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $195.66, for a total value of $119,352.60. Following the sale, the director now owns 3,532 shares in the company, valued at approximately $691,071.12. The trade was a 14.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Hernan E. Mujica sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the transaction, the chief technology officer now directly owns 16,342 shares of the company’s stock, valued at $3,305,332.92. This represents a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given 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.