Q4 Earnings Estimate for Texas Roadhouse Issued By Wedbush

Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) - Stock analysts at Wedbush boosted their Q4 2024 earnings per share estimates for Texas Roadhouse in a research report issued to clients and investors on Friday, October 25th. Wedbush analyst N. Setyan now anticipates that the restaurant operator will earn $1.62 per share for the quarter, up from their previous estimate of $1.56. Wedbush has a "Outperform" rating and a $200.00 price target on the stock. The consensus estimate for Texas Roadhouse's current full-year earnings is $6.38 per share. Wedbush also issued estimates for Texas Roadhouse's Q1 2025 earnings at $2.03 EPS, Q4 2025 earnings at $1.65 EPS and FY2025 earnings at $7.17 EPS.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing analysts' consensus estimates of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the business earned $0.95 earnings per share. The firm's revenue for the quarter was up 13.5% on a year-over-year basis.

Other analysts have also issued reports about the company. Truist Financial lifted their price target on Texas Roadhouse from $202.00 to $207.00 and gave the stock a "buy" rating in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Texas Roadhouse from $190.00 to $193.00 and gave the stock a "buy" rating in a report on Tuesday, July 16th. Barclays lifted 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. JPMorgan Chase & Co. reduced their target price on shares of Texas Roadhouse from $184.00 to $180.00 and set a "neutral" rating for the company in a research report on Monday, July 29th. Finally, Guggenheim lifted their price target on shares of Texas Roadhouse from $190.00 to $195.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th. Twelve analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Texas Roadhouse has an average rating of "Hold" and an average target price of $189.00.

Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock traded up $0.73 during mid-day trading on Monday, hitting $188.11. 825,950 shares of the stock were exchanged, compared to its average volume of 772,714. The company has a market capitalization of $12.54 billion, a P/E ratio of 32.34, a P/E/G ratio of 1.59 and a beta of 0.99. The company has a 50-day simple moving average of $172.41 and a 200 day simple moving average of $168.59. Texas Roadhouse has a 12 month low of $98.18 and a 12 month high of $189.97.

Hedge Funds Weigh In On Texas Roadhouse

Hedge funds and other institutional investors have recently made changes to their positions in the business. PSI Advisors LLC grew its holdings in shares of Texas Roadhouse by 70.8% during the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock worth $32,000 after acquiring an additional 75 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in Texas Roadhouse by 12.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the restaurant operator's stock worth $128,000 after purchasing an additional 85 shares in the last quarter. Gries Financial LLC lifted its position in Texas Roadhouse by 6.5% during the second quarter. Gries Financial LLC now owns 1,876 shares of the restaurant operator's stock valued at $322,000 after buying an additional 114 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Texas Roadhouse by 4.8% during the 1st quarter. Advisors Asset Management Inc. now owns 2,679 shares of the restaurant operator's stock valued at $414,000 after buying an additional 122 shares in the last quarter. Finally, Trust Point Inc. grew its position in shares of Texas Roadhouse by 6.5% in the 3rd quarter. Trust Point Inc. now owns 2,041 shares of the restaurant operator's stock worth $360,000 after buying an additional 124 shares during the period. Institutional investors own 94.82% of the company's stock.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Wednesday, September 4th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.30%. The ex-dividend date was Wednesday, September 4th. Texas Roadhouse's dividend payout ratio (DPR) is currently 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.