Analysts’ Recent Ratings Changes for Texas Roadhouse (TXRH)

Texas Roadhouse (NASDAQ: TXRH) has recently received a number of price target changes and ratings updates:

• 10/28/2024 – Texas Roadhouse had its price target lowered by analysts at Loop Capital from $215.00 to $209.00. They now have a “buy” rating on the stock.
• 10/25/2024 – Texas Roadhouse had its price target raised by analysts at Royal Bank of Canada from $175.00 to $185.00. They now have a “sector perform” rating on the stock.
• 10/25/2024 – Texas Roadhouse had its price target raised by analysts at Wedbush from $190.00 to $200.00. They now have an “outperform” rating on the stock.
• 10/25/2024 – Texas Roadhouse had its price target raised by analysts at Robert W. Baird from $190.00 to $205.00. They now have an “outperform” rating on the stock.
• 10/25/2024 – Texas Roadhouse had its price target raised by analysts at BMO Capital Markets from $155.00 to $162.00. They now have a “market perform” rating on the stock.
• 10/25/2024 – Texas Roadhouse had its price target raised by analysts at Stifel Nicolaus from $180.00 to $195.00. They now have a “hold” rating on the stock.
• 10/25/2024 – Texas Roadhouse had its price target raised by analysts at Barclays PLC from $160.00 to $175.00. They now have an “equal weight” rating on the stock.
• 10/25/2024 – Texas Roadhouse had its price target raised by analysts at Morgan Stanley from $200.00 to $205.00. They now have an “equal weight” rating on the stock.
• 10/25/2024 – Texas Roadhouse had its price target raised by analysts at UBS Group AG from $200.00 to $210.00. They now have a “buy” rating on the stock.
• 10/25/2024 – Texas Roadhouse had its price target raised by analysts at Truist Financial Co. from $202.00 to $207.00. They now have a “buy” rating on the stock.
• 10/22/2024 – Texas Roadhouse had its price target raised by analysts at Bank of America Co. from $206.00 to $234.00. They now have a “buy” rating on the stock.
• 10/15/2024 – Texas Roadhouse had its price target raised by analysts at Evercore ISI from $195.00 to $200.00. They now have an “outperform” rating on the stock.
• 10/4/2024 – Texas Roadhouse had its price target raised by analysts at Truist Financial Co. from $196.00 to $202.00. They now have a “buy” rating on the stock.
• 10/1/2024 – Texas Roadhouse had its price target raised by analysts at Citigroup Inc. from $192.00 to $201.00. They now have a “buy” rating on the stock.
• 9/25/2024 – Texas Roadhouse had its price target raised by analysts at Guggenheim from $190.00 to $195.00. They now have a “buy” rating on the stock.
• 9/24/2024 – Texas Roadhouse had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $190.00 price target on the stock.

Texas Roadhouse Price Performance

TXRH traded down $3.60 during trading on Friday, hitting $187.52. The company’s stock had a trading volume of 1,150,058 shares, compared to its average volume of 776,362. Texas Roadhouse, Inc. has a twelve month low of $101.73 and a twelve month high of $196.29. The stock has a market cap of $12.50 billion, a PE ratio of 32.22, a PEG ratio of 1.66 and a beta of 0.99. The firm’s 50 day moving average price is $174.28 and its 200-day moving average price is $169.50.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data 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). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the company earned $0.95 EPS. Texas Roadhouse’s revenue was up 13.5% on a year-over-year basis. Equities analysts anticipate that Texas Roadhouse, Inc. will post 6.37 earnings per share for the current year.

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 dividend of $0.61 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.44 annualized dividend and a yield of 1.30%. Texas Roadhouse’s dividend payout ratio is presently 41.92%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Ontario Teachers Pension Plan Board acquired a new stake in shares of Texas Roadhouse during the first quarter worth $2,338,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Texas Roadhouse during the 1st quarter valued at about $4,522,000. Sei Investments Co. raised its stake in Texas Roadhouse by 31.6% during the first quarter. Sei Investments Co. now owns 73,707 shares of the restaurant operator’s stock worth $11,385,000 after acquiring an additional 17,691 shares during the period. Vanguard Group Inc. lifted its holdings in Texas Roadhouse by 0.8% in the first quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator’s stock worth $1,000,356,000 after acquiring an additional 53,419 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in Texas Roadhouse by 200.6% in the second quarter. SG Americas Securities LLC now owns 19,067 shares of the restaurant operator’s stock valued at $3,274,000 after acquiring an additional 12,725 shares during the period. Institutional investors own 94.82% of the company’s stock.

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.