Texas Roadhouse (NASDAQ:TXRH) Price Target Raised to $221.00

Posted by George Bondi on Oct 18th, 2026

Texas Roadhouse (NASDAQ:TXRH – Free Report) had its price objective increased by Morgan Stanley from $212.00 to $221.00 in a report released on Thursday,Benzinga reports. Morgan Stanley currently has an overweight rating on the restaurant operator’s stock.

TXRH has been the subject of several other reports. TD Cowen increased their price objective on Texas Roadhouse from $205.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. KeyCorp restated a “sector weight” rating on shares of Texas Roadhouse in a research note on Friday, October 2nd. Vertical Research upgraded shares of Texas Roadhouse to a “buy” rating in a research note on Wednesday. Stephens raised shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and set a $205.00 target price on the stock in a report on Thursday. Finally, Piper Sandler increased their target price on shares of Texas Roadhouse from $192.00 to $208.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $207.68.

View Our Latest Analysis on Texas Roadhouse

Texas Roadhouse Price Performance

Shares of Texas Roadhouse stock opened at $168.40 on Thursday. The firm has a fifty day simple moving average of $180.77 and a 200-day simple moving average of $179.34. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.03. Texas Roadhouse has a 1-year low of $153.82 and a 1-year high of $216.30. The stock has a market capitalization of $11.05 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 1.68 and a beta of 0.80.

Texas Roadhouse (NASDAQ:TXRH – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the company posted $1.86 earnings per share. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, sell-side analysts expect that Texas Roadhouse will post 6.57 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st were given a dividend of $0.75 per share. The ex-dividend date was Tuesday, September 1st. This represents a $3.00 annualized dividend and a yield of 1.8%. Texas Roadhouse’s dividend payout ratio is 48.00%.

Insider Buying and Selling

In other Texas Roadhouse news, insider Lloyd Marshall sold 500 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $204.65, for a total value of $102,325.00. Following the transaction, the insider directly owned 9,826 shares in the company, valued at approximately $2,010,890.90. This trade represents a 4.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gerald Morgan sold 15,000 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $202.17, for a total value of $3,032,550.00. Following the sale, the chief executive officer owned 80,970 shares of the company’s stock, valued at approximately $16,369,704.90. The trade was a 15.63% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 19,970 shares of company stock valued at $4,061,808. Insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Curated Wealth Partners LLC acquired a new stake in Texas Roadhouse during the 3rd quarter worth $575,000. Fort Washington Investment Advisors Inc. OH lifted its holdings in Texas Roadhouse by 4.6% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 142,258 shares of the restaurant operator’s stock worth $22,241,000 after acquiring an additional 6,311 shares in the last quarter. JGP Wealth Management LLC acquired a new position in Texas Roadhouse in the third quarter valued at about $353,000. Riversedge Advisors LLC grew its stake in Texas Roadhouse by 4.1% in the third quarter. Riversedge Advisors LLC now owns 2,125 shares of the restaurant operator’s stock valued at $332,000 after acquiring an additional 84 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in Texas Roadhouse by 24.3% in the third quarter. Farther Finance Advisors LLC now owns 1,772 shares of the restaurant operator’s stock valued at $277,000 after acquiring an additional 346 shares during the period. 94.82% of the stock is currently owned by institutional investors.

About Texas Roadhouse

(Get Free Report)

Texas Roadhouse, Inc is a casual dining restaurant company that operates and franchises restaurants under the Texas Roadhouse, Bubba’s 33 and Jaggers brands. Its restaurants are known for hand-cut steaks, made-from-scratch sides, fresh-baked bread and a lively, Western-themed atmosphere.

Founded in 1993 and headquartered in Louisville, Kentucky, Texas Roadhouse has grown into an international restaurant operator with locations across the United States and in select foreign markets. The company’s business includes company-operated restaurants, franchised and licensed locations, and related support activities.

Texas Roadhouse primarily serves full-service casual dining customers, while Bubba’s 33 focuses on burgers, pizza and other American favorites in a sports-oriented setting.