Research Analysts’ Weekly Ratings Changes for Texas Roadhouse (TXRH)

Several analysts have recently updated their ratings and price targets for Texas Roadhouse (NASDAQ: TXRH):

• 1/21/2025 – Texas Roadhouse was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $213.00 price target on the stock, up previously from $205.00.
• 1/16/2025 – Texas Roadhouse had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $200.00 price target on the stock.
• 1/8/2025 – Texas Roadhouse was downgraded by analysts at Gordon Haskett from a “buy” rating to a “hold” rating. They now have a $192.00 price target on the stock.
• 1/8/2025 – Texas Roadhouse had its price target raised by analysts at Truist Financial Co. from $207.00 to $209.00. They now have a “buy” rating on the stock.
• 12/19/2024 – Texas Roadhouse had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $200.00 price target on the stock.
• 12/5/2024 – Texas Roadhouse is now covered by analysts at The Goldman Sachs Group, Inc.. They set a “neutral” rating and a $213.00 price target on the stock.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH traded down $0.91 during midday trading on Thursday, hitting $179.13. 789,839 shares of the stock traded hands, compared to its average volume of 839,467. Texas Roadhouse, Inc. has a one year low of $121.79 and a one year high of $206.04. The firm has a market capitalization of $11.95 billion, a P/E ratio of 30.78, a PEG ratio of 1.37 and a beta of 1.01. The firm has a 50-day moving average of $188.06 and a two-hundred day moving average of $179.09.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data 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). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The business 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 firm earned $0.95 EPS. The company’s revenue was up 13.5% on a year-over-year basis. Equities analysts forecast that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio is currently 41.92%.

Insider Buying and Selling

In related news, insider Christopher C. Colson sold 1,370 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the sale, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $1,794,600. This trade represents a 12.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the sale, the director now directly owns 3,532 shares of the company’s stock, valued at $691,071.12. This represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,480 shares of company stock worth $668,603. 0.50% of the stock is owned by corporate insiders.

Institutional Trading of Texas Roadhouse

Large investors have recently made changes to their positions in the business. State Street Corp increased its position in shares of Texas Roadhouse by 2.0% during the third quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator’s stock worth $350,171,000 after purchasing an additional 38,723 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Texas Roadhouse by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,201,641 shares of the restaurant operator’s stock valued at $212,261,000 after acquiring an additional 18,126 shares during the last quarter. Barclays PLC increased its holdings in Texas Roadhouse by 14.4% in the 3rd quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator’s stock valued at $208,539,000 after purchasing an additional 148,462 shares during the last quarter. Geneva Capital Management LLC raised its position in Texas Roadhouse by 0.4% in the third quarter. Geneva Capital Management LLC now owns 922,405 shares of the restaurant operator’s stock valued at $162,897,000 after purchasing an additional 3,584 shares during the period. Finally, AQR Capital Management LLC lifted its stake in Texas Roadhouse by 22.3% during the second quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock worth $156,230,000 after purchasing an additional 165,738 shares in the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

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.