Wedbush Issues Pessimistic Forecast for Texas Roadhouse (NASDAQ:TXRH) Stock Price

Texas Roadhouse (NASDAQ:TXRH) had its price target reduced by research analysts at Wedbush from $220.00 to $200.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the restaurant operator’s stock. Wedbush’s price objective suggests a potential upside of 18.25% from the company’s current price. Wedbush also issued estimates for Texas Roadhouse’s Q1 2025 earnings at $1.82 EPS, Q2 2025 earnings at $1.71 EPS, Q3 2025 earnings at $1.44 EPS, Q4 2025 earnings at $1.77 EPS, FY2025 earnings at $6.75 EPS, Q3 2026 earnings at $1.54 EPS, Q4 2026 earnings at $1.88 EPS and FY2026 earnings at $7.34 EPS.

Other research analysts also recently issued research reports about the company. Truist Financial increased their target price on Texas Roadhouse from $207.00 to $209.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Gordon Haskett lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price for the company. in a research note on Wednesday, January 8th. Morgan Stanley raised shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $205.00 to $213.00 in a research note on Tuesday, January 21st. The Goldman Sachs Group initiated coverage on shares of Texas Roadhouse in a research note on Thursday, December 5th. They set a “neutral” rating and a $213.00 target price for the company. Finally, BMO Capital Markets increased 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. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $192.50.

Texas Roadhouse Stock Down 1.4 %

Shares of Texas Roadhouse stock opened at $169.13 on Friday. Texas Roadhouse has a fifty-two week low of $146.51 and a fifty-two week high of $206.04. The firm has a market cap of $11.28 billion, a PE ratio of 26.14, a P/E/G ratio of 1.23 and a beta of 1.02. The business’s fifty day moving average is $179.22 and its two-hundred day moving average is $180.17.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.07. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.41 billion. Equities research analysts anticipate that Texas Roadhouse will post 7.23 EPS for the current year.

Insider Buying and Selling

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $179.46, for a total value of $245,860.20. Following the completion of the sale, the insider now owns 10,000 shares in the company, valued at approximately $1,794,600. This trade represents a 12.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. bought a new position in Texas Roadhouse during the 4th quarter worth approximately $30,000. True Wealth Design LLC acquired a new stake in shares of Texas Roadhouse in the third quarter valued at approximately $30,000. PSI Advisors LLC raised its holdings 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. Coppell Advisory Solutions LLC increased its holdings in Texas Roadhouse by 56.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock worth $35,000 after buying an additional 71 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Texas Roadhouse during the fourth quarter worth $36,000. Institutional investors own 94.82% of the company’s stock.

About Texas Roadhouse

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.