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

Texas Roadhouse, Inc. (NASDAQ:TXRH) – Stock analysts at Wedbush increased their Q4 2024 EPS estimates for Texas Roadhouse in a research note issued to investors on Thursday, December 19th. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings of $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.

Several other analysts have also issued reports on TXRH. Robert W. Baird boosted their price objective on shares of Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Evercore ISI boosted their price target on shares of Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Barclays increased their price objective on shares of Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Guggenheim boosted their target price on Texas Roadhouse from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Finally, Citigroup raised their price target on Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $190.09.

Texas Roadhouse Stock Down 0.8 %

Shares of Texas Roadhouse stock opened at $181.38 on Friday. The firm has a market cap of $12.10 billion, a PE ratio of 31.17, a price-to-earnings-growth ratio of 1.59 and a beta of 0.98. Texas Roadhouse has a 52 week low of $115.48 and a 52 week high of $206.04. The business’s fifty day simple moving average is $191.47 and its 200-day simple moving average is $177.32.

Texas Roadhouse (NASDAQ:TXRH) last released 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 firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.95 EPS.

Texas Roadhouse Dividend Announcement

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

Insiders Place Their Bets

In other news, CTO Hernan E. Mujica sold 1,500 shares of the business’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 value of $303,390.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Donna E. Epps sold 610 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the completion of the transaction, the director now directly owns 3,532 shares in the company, 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. 0.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Hollencrest Capital Management acquired a new position in shares of Texas Roadhouse during the 2nd quarter worth $25,000. McClarren Financial Advisors Inc. lifted its holdings in shares of Texas Roadhouse by 4,175.0% in the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 167 shares in the last quarter. True Wealth Design LLC purchased a new stake in shares of Texas Roadhouse in the third quarter valued at about $30,000. PSI Advisors LLC grew its position in shares of 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 during the last quarter. Finally, UMB Bank n.a. increased its stake 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 in the last quarter. 94.82% of the stock is owned by hedge funds and other 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.