On Oct 25, major Wall Street analysts update their ratings for $Texas Roadhouse (TXRH.US)$, with price targets ranging from $185 to $210.
Morgan Stanley analyst Brian Harbour maintains with a hold rating, and adjusts the target price from $200 to $205.
UBS analyst Dennis Geiger maintains with a buy rating, and adjusts the target price from $200 to $210.
Oppenheimer analyst Brian Bittner maintains with a hold rating.
Stifel analyst Chris O`Cull maintains with a hold rating, and adjusts the target price from $180 to $195.
BTIG analyst Peter Saleh maintains with a buy rating, and adjusts the target price from $190 to $200.
Furthermore, according to the comprehensive report, the opinions of $Texas Roadhouse (TXRH.US)$'s main analysts recently are as follows:
Texas Roadhouse posted a robust performance for the quarter, which, while not significantly surpassing expectations, has led to a slight increase in projections that remain higher than the consensus.
The company's Q3 performance was robust, despite a shortfall in earnings attributed to challenges with labor and taxes.
Texas Roadhouse's third-quarter results showcased continued strong same-store sales momentum and restaurant margin expansion. The guidance for 2025 on commodities was more favorable than many expected. There is optimism surrounding the significant traffic increases and the acceleration in trends quarter-to-date, in spite of challenging economic conditions and increasingly tough comparisons. It is believed that the company's leading traffic momentum, potential for multiyear earnings growth, and the prospect of returning to sustainable margins of 17%-18% underpin the possibility for upside.
Texas Roadhouse has maintained strong momentum through the quarter, with an acceleration in comparable store sales and an approximately 100 basis point increase in traffic into October. Additionally, the company has seen labor productivity enhancements, with both labor hour growth and traffic growth below 30% in the third quarter, thereby driving leverage.
The company's Q3 earnings did not meet expectations, influenced by higher depreciation, amortization, taxes, and insurance adjustments. Recognition of the company's commendable comparable growth amidst a difficult market condition is noted. However, it is cautioned that the stock's valuation multiple is considered high and that the consensus EPS forecast for 2025 may be overly optimistic.
Here are the latest investment ratings and price targets for $Texas Roadhouse (TXRH.US)$ from 9 analysts:
Note:
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