Texas Roadhouse, Inc. (NASDAQ:TXRH) Forecasted to Earn Q3 2024 Earnings of $1.34 Per Share

Texas Roadhouse, Inc. (NASDAQ:TXRH) – Investment analysts at Wedbush lifted their Q3 2024 EPS estimates for shares of Texas Roadhouse in a note issued to investors on Tuesday, September 24th. Wedbush analyst N. Setyan now anticipates that the restaurant operator will earn $1.34 per share for the quarter, up from their prior estimate of $1.31. Wedbush has a “Outperform” rating and a $190.00 price target on the stock. The consensus estimate for Texas Roadhouse’s current full-year earnings is $6.32 per share. Wedbush also issued estimates for Texas Roadhouse’s Q4 2024 earnings at $1.56 EPS, FY2024 earnings at $6.37 EPS, Q1 2025 earnings at $1.93 EPS, Q3 2025 earnings at $1.58 EPS and FY2025 earnings at $6.94 EPS.

Other equities research analysts have also recently issued research reports about the stock. Bank of America boosted their target price on shares of Texas Roadhouse from $189.00 to $205.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Wells Fargo & Company increased their target price on shares of Texas Roadhouse from $165.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Truist Financial lifted their price target on shares of Texas Roadhouse from $185.00 to $196.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Stephens increased their price target on Texas Roadhouse from $170.00 to $176.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Finally, Evercore ISI lifted their price objective on Texas Roadhouse from $175.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $172.95.

Texas Roadhouse Price Performance

TXRH opened at $174.90 on Thursday. The business has a fifty day simple moving average of $168.29 and a 200 day simple moving average of $164.47. Texas Roadhouse has a 1 year low of $91.06 and a 1 year high of $180.69. The company has a market capitalization of $11.66 billion, a PE ratio of 35.46, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.15. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The business’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.22 earnings per share.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. raised its position 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 valued at $128,000 after purchasing an additional 85 shares during the last quarter. Gries Financial LLC raised its holdings in Texas Roadhouse by 6.5% in the 2nd 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 last quarter. Advisors Asset Management Inc. raised its holdings in Texas Roadhouse by 4.8% in 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 during the last quarter. Signaturefd LLC grew its stake in shares of Texas Roadhouse by 8.0% in the second quarter. Signaturefd LLC now owns 1,883 shares of the restaurant operator’s stock worth $323,000 after purchasing an additional 140 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Texas Roadhouse in the second quarter valued at about $25,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Wednesday, September 4th were paid a dividend of $0.61 per share. The ex-dividend date was Wednesday, September 4th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.40%. Texas Roadhouse’s payout ratio is presently 49.39%.

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.