Texas Roadhouse (TXRH) Stock Forecast, Price & News

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Texas Roadhouse in the last year. There are currently 10 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TXRH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TXRH, but not buy additional shares or sell existing shares.
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18 Wall Street analysts have issued 1 year target prices for Texas Roadhouse's shares. Their TXRH share price forecasts range from $95.00 to $144.00. On average, they predict the company's stock price to reach $118.45 in the next twelve months. This suggests a possible upside of 23.9% from the stock's current price.
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Texas Roadhouse's stock was trading at $90.95 at the beginning of 2023. Since then, TXRH stock has increased by 5.1% and is now trading at $95.62.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our TXRH earnings forecast.

Texas Roadhouse, Inc. (NASDAQ:TXRH) released its quarterly earnings data on Thursday, July, 27th. The restaurant operator reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.01. The restaurant operator earned $1.17 billion during the quarter, compared to analysts' expectations of $1.17 billion. Texas Roadhouse had a net margin of 6.69% and a trailing twelve-month return on equity of 27.77%. The company's revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.07 earnings per share.

Texas Roadhouse declared a quarterly dividend on Thursday, August 10th. Stockholders of record on Wednesday, September 6th will be paid a dividend of $0.55 per share on Tuesday, September 26th. This represents a $2.20 annualized dividend and a yield of 2.30%. The ex-dividend date is Tuesday, September 5th.
Read our dividend analysis for TXRH.

ETFs with the largest weight of Texas Roadhouse (NASDAQ:TXRH) stock in their portfolio include AdvisorShares Restaurant ETF (EATZ), Guru Favorite Stocks ETF (GFGF), Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ), Opus Small Cap Value Plus ETF (OSCV), Harbor Dividend Growth Leaders ETF (GDIV), Alpha Architect U.S. Quantitative Momentum ETF (QMOM), Running Oak Efficient Growth ETF (RUNN) and Logan Capital Broad Innovative Growth ETF (LCLG).

Texas Roadhouse (NASDAQ:TXRH) pays an annual dividend of $2.20 per share and currently has a dividend yield of 2.21%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 50.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TXRH will have a dividend payout ratio of 40.29% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TXRH.

1,248 employees have rated Texas Roadhouse Chief Executive Officer W. Kent Taylor on Glassdoor.com. W. Kent Taylor has an approval rating of 95% among the company's employees. This puts W. Kent Taylor in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Texas Roadhouse investors own include Walt Disney (DIS), Starbucks (SBUX), Activision Blizzard (ATVI), NVIDIA (NVDA), Tesla (TSLA), Netflix (NFLX), Home Depot (HD), Shopify (SHOP), Visa (V) and Alphabet (GOOG).

Texas Roadhouse trades on the NASDAQ under the ticker symbol "TXRH."

Texas Roadhouse's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.82%), State Street Corp (2.77%), Nordea Investment Management AB (2.75%), JPMorgan Chase & Co. (2.39%), Geode Capital Management LLC (1.55%) and Alliancebernstein L.P. (1.37%). Insiders that own company stock include Christopher C Colson, Curtis Warfield, Douglas W Thompson, Gerald L Morgan, Gregory N Moore, Gregory N Moore, Hernan E Mujica, James R Zarley, Kathy Widmer, Ravi Naik, Regina A Tobin, S Chris Jacobsen, Tonya Robinson and Wayne Kent Taylor.
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Shares of TXRH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TXRH stock can currently be purchased for approximately $95.62.

Texas Roadhouse (NASDAQ:TXRH) has a market capitalization of $6.38 billion and generates $4.01 billion in revenue each year. The restaurant operator earns $269.82 million in net income (profit) each year or $4.32 on an earnings per share basis.

The company employs 82,000 workers across the globe.

Texas Roadhouse's mailing address is 6040 Dutchmans Lane Suite200, Louisville KY, 40205. The official website for the company is www.texasroadhouse.com. The restaurant operator can be reached via phone at (502) 426-9984, via email at investment@texasroadhouse.com, or via fax at 502-426-3274.