Wedbush Reiterates Outperform Rating for Texas Roadhouse (NASDAQ:TXRH)

Texas Roadhouse (NASDAQ:TXRH)‘s stock had its “outperform” rating reiterated by equities researchers at Wedbush in a research note issued on Thursday, MarketBeat Ratings reports. They currently have a $200.00 price objective on the restaurant operator’s stock. Wedbush’s price objective would indicate a potential upside of 10.27% from the company’s current price. Wedbush also issued estimates for Texas Roadhouse’s Q4 2024 earnings at $1.67 EPS, Q4 2025 earnings at $1.67 EPS and FY2025 earnings at $7.19 EPS.

Several other brokerages also recently weighed in on TXRH. Morgan Stanley boosted their price target on Texas Roadhouse from $200.00 to $205.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Citigroup increased their target price on Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Stifel Nicolaus lifted their price target on Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a report on Friday, October 25th. Robert W. Baird upped their price objective on shares of Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada raised their target price on shares of Texas Roadhouse from $175.00 to $185.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $190.09.

Texas Roadhouse Stock Down 0.8 %

TXRH opened at $181.38 on Thursday. The firm 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 business’s fifty day simple moving average is $191.47 and its 200 day simple moving average is $177.32. Texas Roadhouse has a 52 week low of $115.48 and a 52 week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (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 analyst estimates of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. Texas Roadhouse’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.95 earnings per share. As a group, equities analysts expect that Texas Roadhouse will post 6.39 EPS for the current fiscal year.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 1,500 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Donna E. Epps sold 610 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were 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 of the company’s stock, 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 owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its position in shares of Texas Roadhouse by 60.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,425 shares of the restaurant operator’s stock valued at $760,000 after purchasing an additional 1,670 shares in the last quarter. Raymond James & Associates boosted its stake in Texas Roadhouse by 4.6% during the 2nd quarter. Raymond James & Associates now owns 70,827 shares of the restaurant operator’s stock valued at $12,162,000 after acquiring an additional 3,120 shares during the last quarter. Fifth Third Bancorp grew its holdings in Texas Roadhouse by 40.7% during the 2nd quarter. Fifth Third Bancorp now owns 608 shares of the restaurant operator’s stock worth $104,000 after acquiring an additional 176 shares in the last quarter. Raymond James Trust N.A. increased its position in shares of Texas Roadhouse by 109.5% in the 2nd quarter. Raymond James Trust N.A. now owns 4,587 shares of the restaurant operator’s stock worth $788,000 after purchasing an additional 2,397 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Texas Roadhouse by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 744,624 shares of the restaurant operator’s stock valued at $127,859,000 after purchasing an additional 2,578 shares in the last quarter. Hedge funds and other 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.