Wedbush Cuts Texas Roadhouse (NASDAQ:TXRH) Price Target to $200.00

Texas Roadhouse (NASDAQ:TXRH) had its price target reduced by Wedbush from $220.00 to $200.00 in a report published on Friday,Benzinga reports. Wedbush currently has an outperform rating on the restaurant operator’s stock. 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 equities analysts also recently issued research reports about the stock. Stifel Nicolaus cut their target price on shares of Texas Roadhouse from $195.00 to $185.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Morgan Stanley raised shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $205.00 to $213.00 in a research note on Tuesday, January 21st. Barclays lifted their price target 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. Robert W. Baird lifted their price target on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Gordon Haskett downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target on the stock. in a research note on Wednesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $192.50.

Texas Roadhouse Trading Down 1.4 %

Shares of TXRH stock opened at $169.13 on Friday. The company’s fifty day simple moving average is $179.22 and its 200-day simple moving average is $180.28. Texas Roadhouse has a 52 week low of $146.51 and a 52 week high of $206.04. The company 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.

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

Texas Roadhouse Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a dividend yield of 1.61%. Texas Roadhouse’s payout ratio is 42.04%.

Insider Activity

In other news, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse 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 transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $1,794,600. The trade was a 12.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. True Wealth Design LLC acquired a new position in Texas Roadhouse during the 3rd quarter valued at about $30,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Texas Roadhouse during the 4th quarter valued at about $30,000. PSI Advisors LLC boosted its stake in Texas Roadhouse by 70.8% during the 3rd 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 period. Coppell Advisory Solutions LLC boosted its stake in Texas Roadhouse by 56.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 71 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in Texas Roadhouse during the 4th quarter valued at about $36,000. 94.82% of the stock is owned by institutional investors and hedge funds.

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.