Wedbush Increases Texas Roadhouse (NASDAQ:TXRH) Price Target to $200.00

Texas Roadhouse (NASDAQ:TXRH) had its price target raised by Wedbush from $190.00 to $200.00 in a report published on Friday morning, Benzinga reports. Wedbush currently has an outperform rating on the restaurant operator’s stock. Wedbush also issued estimates for Texas Roadhouse’s Q4 2024 earnings at $1.62 EPS, Q1 2025 earnings at $2.03 EPS, Q4 2025 earnings at $1.65 EPS and FY2025 earnings at $7.17 EPS.

Several other equities research analysts also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Texas Roadhouse from $190.00 to $193.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. BTIG Research raised their price objective on shares of Texas Roadhouse from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Royal Bank of Canada raised their price objective on shares of Texas Roadhouse from $175.00 to $185.00 and gave the stock a “sector perform” rating in a research note on Friday. Truist Financial lifted their price target on shares of Texas Roadhouse from $202.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating on the stock in a research note on Monday, July 29th. Twelve analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Texas Roadhouse currently has an average rating of “Hold” and a consensus target price of $188.00.

Texas Roadhouse Trading Up 3.6 %

TXRH opened at $187.38 on Friday. The business has a 50 day moving average of $172.41 and a 200-day moving average of $168.45. The stock has a market capitalization of $12.49 billion, a price-to-earnings ratio of 32.20, a P/E/G ratio of 1.59 and a beta of 0.99. Texas Roadhouse has a 1-year low of $93.79 and a 1-year high of $189.97.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.07). The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The company’s revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.95 EPS. Equities analysts predict that Texas Roadhouse will post 6.38 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Wednesday, September 4th were issued a $0.61 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.30%. Texas Roadhouse’s dividend payout ratio is 41.92%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. New York State Teachers Retirement System raised its holdings in shares of Texas Roadhouse by 0.8% in the third quarter. New York State Teachers Retirement System now owns 90,698 shares of the restaurant operator’s stock valued at $16,017,000 after buying an additional 760 shares during the last quarter. abrdn plc raised its holdings in shares of Texas Roadhouse by 33.8% in the third quarter. abrdn plc now owns 212,039 shares of the restaurant operator’s stock valued at $37,446,000 after buying an additional 53,549 shares during the last quarter. Pallas Capital Advisors LLC raised its holdings in shares of Texas Roadhouse by 17.5% in the third quarter. Pallas Capital Advisors LLC now owns 5,295 shares of the restaurant operator’s stock valued at $958,000 after buying an additional 789 shares during the last quarter. Custom Index Systems LLC bought a new position in shares of Texas Roadhouse in the third quarter valued at about $418,000. Finally, State of Alaska Department of Revenue raised its holdings in shares of Texas Roadhouse by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 7,767 shares of the restaurant operator’s stock valued at $1,371,000 after buying an additional 525 shares during the last quarter. 94.82% of the stock is owned by institutional investors.

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.