TD Cowen Issues Positive Forecast for Texas Roadhouse (NASDAQ:TXRH) Stock Price

Texas Roadhouse (NASDAQ:TXRH) had its price target hoisted by TD Cowen from $205.00 to $230.00 in a research report released on Friday, Marketbeat reports. TD Cowen currently has a buy rating on the restaurant operator’s stock.

Several other equities research analysts have also commented on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $235.00 price objective on shares of Texas Roadhouse in a research note on Monday. Stephens boosted their price target on Texas Roadhouse from $180.00 to $205.00 and gave the company an “equal weight” rating in a report on Friday. Royal Bank Of Canada upgraded Texas Roadhouse from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $180.00 to $210.00 in a research report on Friday, May 15th. Mizuho raised their price objective on Texas Roadhouse from $190.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Finally, Citigroup lowered their price objective on Texas Roadhouse from $176.00 to $174.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Ten research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $207.71.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH opened at $208.00 on Friday. The firm has a 50 day moving average of $187.54 and a 200 day moving average of $178.90. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $13.67 billion, a price-to-earnings ratio of 33.28, a price-to-earnings-growth ratio of 2.30 and a beta of 0.79. Texas Roadhouse has a 12-month low of $153.82 and a 12-month high of $213.26.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.02. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.57%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the firm earned $1.86 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. On average, research analysts anticipate that Texas Roadhouse will post 6.45 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, September 1st. Texas Roadhouse’s dividend payout ratio is presently 47.92%.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Jane Grote Abell sold 339 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $177.43, for a total value of $60,148.77. Following the completion of the transaction, the director owned 2,161 shares of the company’s stock, valued at $383,426.23. This represents a 13.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Christopher C. Colson sold 499 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $179.22, for a total value of $89,430.78. Following the sale, the insider owned 14,500 shares of the company’s stock, valued at $2,598,690. This represents a 3.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 6,154 shares of company stock valued at $1,115,864. 0.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Texas Roadhouse

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Texas Roadhouse during the second quarter worth $1,273,173,000. Balyasny Asset Management L.P. bought a new stake in Texas Roadhouse in the 3rd quarter valued at $157,310,000. Wellington Management Group LLP lifted its stake in Texas Roadhouse by 228.4% in the 4th quarter. Wellington Management Group LLP now owns 1,329,052 shares of the restaurant operator’s stock worth $220,623,000 after purchasing an additional 924,306 shares in the last quarter. Norges Bank purchased a new stake in Texas Roadhouse in the 4th quarter worth $145,734,000. Finally, Steadfast Capital Management LP boosted its holdings in shares of Texas Roadhouse by 99.2% during the 3rd quarter. Steadfast Capital Management LP now owns 1,275,648 shares of the restaurant operator’s stock valued at $211,949,000 after purchasing an additional 635,178 shares during the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Texas Roadhouse

Here are the key news stories impacting Texas Roadhouse this week:

• Positive Sentiment: Texas Roadhouse reported second-quarter revenue of $1.68 billion, up 11.1% year over year and slightly above the $1.67 billion consensus estimate. Adjusted earnings of $1.85 per share exceeded the widely cited $1.83 consensus estimate. Texas Roadhouse Announces Second Quarter 2026 Results
• Positive Sentiment: Analysts responded favorably to the results and cited increased sales and restaurant traffic. TD Cowen raised its price target from $205 to $230 and maintained a Buy rating, while BTIG lifted its target from $200 to $220 and also assigned a Buy rating. Analysts Raise Forecasts After Q2 Results
• Positive Sentiment: The board declared a quarterly dividend of $0.75 per share, payable September 29 to shareholders of record September 1. The dividend provides an annualized yield of approximately 1.4%.
• Neutral Sentiment: Stephens raised its price target from $180 to $205 but retained an Equal Weight rating, indicating that the firm sees limited upside at current levels.
• Negative Sentiment: Second-quarter EPS declined from $1.86 a year earlier to $1.85. In addition, one Zacks measure compared results with a higher $1.90 consensus estimate and characterized the quarter as a modest miss, highlighting uncertainty around the earnings beat. Texas Roadhouse Q2 Earnings Report

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.