What is Wedbush's Forecast for Texas Roadhouse Q4 Earnings?

Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) - Equities researchers at Wedbush boosted their Q4 2024 EPS estimates for shares of Texas Roadhouse in a note issued to investors on Thursday, December 19th. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings of $1.67 per share for the quarter, up from their previous forecast of $1.62. 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 $6.39 per share. Wedbush also issued estimates for Texas Roadhouse's Q4 2025 earnings at $1.67 EPS and FY2025 earnings at $7.19 EPS.

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

Other equities research analysts also recently issued reports about the company. Loop Capital lowered their price target on Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating for the company in a report on Monday, October 28th. Morgan Stanley boosted their target price on shares of Texas Roadhouse from $200.00 to $205.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Guggenheim increased their target price 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. Truist Financial lifted their price target on shares of Texas Roadhouse from $202.00 to $207.00 and gave the company a "buy" rating in a report on Friday, October 25th. Finally, 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 note on Friday, October 25th. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $190.09.

Texas Roadhouse Trading Down 0.8 %

NASDAQ TXRH traded down $1.48 on Friday, hitting $181.38. 1,528,271 shares of the stock traded hands, compared to its average volume of 764,321. The stock has a 50-day moving average of $191.47 and a 200 day moving average of $177.32. Texas Roadhouse has a twelve month low of $115.48 and a twelve month high of $206.04. The company has a market capitalization of $12.10 billion, a P/E ratio of 31.17, a price-to-earnings-growth ratio of 1.59 and a beta of 0.98.

Texas Roadhouse Announces Dividend

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

Insider Activity

In other news, CTO Hernan E. Mujica sold 1,500 shares of the firm's stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the sale, the chief technology officer now directly owns 16,342 shares of the company's stock, valued at $3,305,332.92. This trade represents a 8.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Donna E. Epps sold 610 shares of the business's stock in a transaction dated Monday, November 11th. The stock was 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 in the company, valued at approximately $691,071.12. The trade was a 14.73 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company's stock.

Institutional Investors Weigh In On Texas Roadhouse

Several hedge funds have recently bought and sold shares of TXRH. Kingsview Wealth Management LLC lifted its holdings in shares of Texas Roadhouse by 3.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator's stock valued at $313,000 after buying an additional 54 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Texas Roadhouse by 3.3% in the third quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator's stock valued at $345,000 after acquiring an additional 62 shares during the last quarter. Insight Wealth Partners LLC grew its position in Texas Roadhouse by 3.9% in the third quarter. Insight Wealth Partners LLC now owns 1,818 shares of the restaurant operator's stock worth $321,000 after acquiring an additional 68 shares in the last quarter. PSI Advisors LLC grew its position in Texas Roadhouse by 70.8% in the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock worth $32,000 after acquiring an additional 75 shares in the last quarter. Finally, Angeles Wealth Management LLC increased its stake in shares of Texas Roadhouse by 5.4% during the 3rd quarter. Angeles Wealth Management LLC now owns 1,469 shares of the restaurant operator's stock worth $259,000 after purchasing an additional 75 shares during the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

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.