What is Wedbush’s Estimate for Texas Roadhouse Q4 Earnings?

Texas Roadhouse, Inc. (NASDAQ:TXRH) – Research analysts at Wedbush raised their Q4 2024 EPS estimates for shares of Texas Roadhouse in a research note issued to investors on Thursday, December 19th. Wedbush analyst N. Setyan now anticipates that the restaurant operator will post earnings per share of $1.67 for the quarter, up from their prior estimate of $1.62. Wedbush has a “Outperform” rating and a $200.00 price objective 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) last released its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.06). The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. Texas Roadhouse’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.95 earnings per share.

Several other brokerages have also recently weighed in on TXRH. Loop Capital lowered their price objective on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Citigroup increased their price target on shares of Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Truist Financial boosted their price objective on shares of Texas Roadhouse from $202.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Bank of America lifted their target price on Texas Roadhouse from $206.00 to $234.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group initiated coverage on Texas Roadhouse in a research report on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price target for the company. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $190.09.

Texas Roadhouse Stock Up 2.2 %

Shares of TXRH stock opened at $182.86 on Friday. The company has a 50 day moving average price of $191.35 and a 200-day moving average price of $177.24. Texas Roadhouse has a 52 week low of $115.48 and a 52 week high of $206.04. The firm has a market capitalization of $12.20 billion, a PE ratio of 31.42, a P/E/G ratio of 1.59 and a beta of 0.98.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.33%. Texas Roadhouse’s dividend payout ratio is 41.92%.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, Director Donna E. Epps sold 610 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $195.66, for a total value of $119,352.60. Following the transaction, the director now owns 3,532 shares of the company’s stock, valued at $691,071.12. This represents a 14.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total value of $303,390.00. Following the completion of the sale, the chief technology officer now owns 16,342 shares in the company, valued at approximately $3,305,332.92. The trade was a 8.41 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Texas Roadhouse

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hollencrest Capital Management purchased a new stake in shares of Texas Roadhouse in the 2nd quarter worth $25,000. McClarren Financial Advisors Inc. grew its holdings in Texas Roadhouse by 4,175.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 167 shares in the last quarter. True Wealth Design LLC purchased a new position in Texas Roadhouse during the 3rd quarter valued at about $30,000. PSI Advisors LLC raised its holdings in shares of Texas Roadhouse by 70.8% in 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 in the last quarter. Finally, UMB Bank n.a. lifted its position in shares of Texas Roadhouse by 118.6% in the 3rd quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 140 shares during the period. Institutional investors own 94.82% of the company’s stock.

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.