Texas Roadhouse (TXRH) Stock Forecast, Price & News

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Texas Roadhouse in the last twelve months. There are currently 9 hold ratings and 6 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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15 brokerages have issued 12-month target prices for Texas Roadhouse's stock. Their TXRH share price forecasts range from $95.00 to $131.00. On average, they expect the company's stock price to reach $113.47 in the next twelve months. This suggests a possible upside of 2.6% from the stock's current price.
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Texas Roadhouse's stock was trading at $90.95 on January 1st, 2023. Since then, TXRH shares have increased by 21.6% and is now trading at $110.63.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our TXRH earnings forecast.

Texas Roadhouse, Inc. (NASDAQ:TXRH) posted its earnings results on Thursday, May, 4th. The restaurant operator reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by $0.11. The restaurant operator had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. Texas Roadhouse had a net margin of 6.69% and a trailing twelve-month return on equity of 27.79%. The firm's revenue for the quarter was up 18.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 earnings per share.

Texas Roadhouse declared a quarterly dividend on Thursday, May 11th. Shareholders of record on Wednesday, June 7th will be paid a dividend of $0.55 per share on Friday, June 23rd. This represents a $2.20 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Tuesday, June 6th.
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), WBI BullBear Value 3000 ETF (WBIF), Guru Favorite Stocks ETF (GFGF), Invesco Dynamic Leisure and Entertainment ETF (PEJ), Opus Small Cap Value Plus ETF (OSCV), American Century U.S. Quality Growth ETF (QGRO), Nuveen Small Cap Select ETF (NSCS) 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 1.99%. 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 52.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TXRH will have a dividend payout ratio of 40.74% 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. (12.69%), Macquarie Group Ltd. (3.79%), Bank of America Corp DE (3.52%), State Street Corp (3.29%), Wellington Management Group LLP (3.22%) and Nordea Investment Management AB (3.16%). 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 $110.63.

Texas Roadhouse (NASDAQ:TXRH) has a market capitalization of $7.41 billion and generates $4.01 billion in revenue each year. The restaurant operator earns $269.82 million in net income (profit) each year or $4.17 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.