Wedbush Equities Analysts Lift Earnings Estimates for Texas Roadhouse, Inc. (NASDAQ:TXRH)

Texas Roadhouse, Inc. (NASDAQ:TXRHGet Rating) – Wedbush lifted their Q4 2022 earnings per share estimates for Texas Roadhouse in a report released on Friday, May 6th. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings of $0.94 per share for the quarter, up from their previous estimate of $0.87. Wedbush currently has a “Outperform” rating and a $113.00 price target on the stock. Wedbush also issued estimates for Texas Roadhouse’s Q4 2023 earnings at $1.18 EPS.

A number of other research analysts have also weighed in on TXRH. Northcoast Research initiated coverage on Texas Roadhouse in a report on Wednesday, May 4th. They set a “buy” rating and a $108.00 price objective on the stock. Evercore ISI upgraded Texas Roadhouse from an “in-line” rating to an “outperform” rating and set a $110.00 target price on the stock in a research report on Friday, January 14th. Citigroup initiated coverage on Texas Roadhouse in a research report on Tuesday, April 12th. They set a “buy” rating and a $105.00 target price on the stock. Stifel Nicolaus upgraded Texas Roadhouse from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a research report on Friday, March 11th. Finally, Robert W. Baird boosted their target price on Texas Roadhouse from $90.00 to $98.00 in a research report on Wednesday, February 23rd. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $106.24.

Shares of TXRH stock opened at $83.91 on Monday. The business’s fifty day moving average price is $82.35 and its 200 day moving average price is $86.12. Texas Roadhouse has a 1-year low of $69.54 and a 1-year high of $105.43. The firm has a market capitalization of $5.80 billion, a PE ratio of 22.86, a P/E/G ratio of 2.15 and a beta of 0.94. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.94 and a quick ratio of 0.88.

Texas Roadhouse (NASDAQ:TXRHGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The restaurant operator reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.17. Texas Roadhouse had a return on equity of 23.91% and a net margin of 7.02%. The firm had revenue of $987.60 million for the quarter, compared to analyst estimates of $973.62 million. During the same quarter in the prior year, the company posted $0.91 earnings per share. Texas Roadhouse’s quarterly revenue was up 23.4% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 25th. Investors of record on Wednesday, March 9th were paid a $0.46 dividend. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.40. This represents a $1.84 annualized dividend and a yield of 2.19%. The ex-dividend date was Tuesday, March 8th. Texas Roadhouse’s dividend payout ratio is presently 50.14%.

In other Texas Roadhouse news, CFO Tonya Robinson sold 2,499 shares of the company’s stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $92.00, for a total transaction of $229,908.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Curtis Warfield purchased 3,125 shares of the company’s stock in a transaction on Monday, March 7th. The shares were purchased at an average price of $71.65 per share, with a total value of $223,906.25. The disclosure for this purchase can be found here. Insiders sold 9,799 shares of company stock valued at $872,001 over the last quarter. Insiders own 4.99% of the company’s stock.

Several hedge funds have recently bought and sold shares of TXRH. Wellington Management Group LLP acquired a new stake in shares of Texas Roadhouse in the third quarter valued at about $105,826,000. Pensioenfonds Rail & OV grew its stake in shares of Texas Roadhouse by 394.7% in the fourth quarter. Pensioenfonds Rail & OV now owns 989,308 shares of the restaurant operator’s stock valued at $88,325,000 after buying an additional 789,308 shares in the last quarter. Norges Bank acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at about $54,405,000. Goldman Sachs Group Inc. grew its stake in shares of Texas Roadhouse by 40.3% in the third quarter. Goldman Sachs Group Inc. now owns 1,621,282 shares of the restaurant operator’s stock valued at $148,072,000 after buying an additional 465,294 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of Texas Roadhouse by 543.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 250,556 shares of the restaurant operator’s stock valued at $22,370,000 after buying an additional 211,613 shares in the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.

About Texas Roadhouse (Get Rating)

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names. As of December 28, 2021, it operated 566 domestic restaurants and 101 franchise restaurants.

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Earnings History and Estimates for Texas Roadhouse (NASDAQ:TXRH)

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