TD Cowen Forecasts Strong Price Appreciation for Texas Roadhouse (NASDAQ:TXRH) Stock

Posted by Stanley Muller on Nov 6th, 2026

Texas Roadhouse (NASDAQ:TXRH – Get Free Report) had its price objective hoisted by research analysts at TD Cowen from $195.00 to $213.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the restaurant operator’s stock. TD Cowen‘s target price suggests a potential upside of 11.06% from the stock’s current price.

TXRH has been the topic of a number of other reports. KeyCorp reaffirmed a “sector weight” rating on shares of Texas Roadhouse in a research report on Friday, October 2nd. Barclays lowered shares of Texas Roadhouse from an “equal weight” rating to a “cautious” rating in a research note on Wednesday, October 14th. UBS Group increased their target price on shares of Texas Roadhouse from $210.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Royal Bank Of Canada lowered their price target on shares of Texas Roadhouse from $235.00 to $220.00 and set an “outperform” rating on the stock in a report on Monday, October 5th. Finally, Mizuho upped their target price on Texas Roadhouse from $190.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $208.43.

Read Our Latest Research Report on Texas Roadhouse

Texas Roadhouse Price Performance

Shares of NASDAQ:TXRH opened at $191.79 on Friday. The company’s fifty day moving average is $173.05 and its two-hundred day moving average is $179.11. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.03. Texas Roadhouse has a 12-month low of $153.82 and a 12-month high of $216.30. The company has a market cap of $12.59 billion, a P/E ratio of 31.43, a price-to-earnings-growth ratio of 2.13 and a beta of 0.81.

Texas Roadhouse (NASDAQ:TXRH – Get Free Report) last issued its earnings results on Thursday, November 5th. The restaurant operator reported $1.36 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.10). Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the business earned $1.25 EPS. The business’s quarterly revenue was up 9.5% on a year-over-year basis. Equities analysts expect that Texas Roadhouse will post 6.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Hugh J. Carroll sold 650 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $203.99, for a total transaction of $132,593.50. Following the completion of the transaction, the director directly owned 2,883 shares in the company, valued at $588,103.17. This represents a 18.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gerald L. Morgan sold 15,000 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $202.17, for a total transaction of $3,032,550.00. Following the completion of the sale, the chief executive officer directly owned 80,970 shares of the company’s stock, valued at approximately $16,369,704.90. This trade represents a 15.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 19,970 shares of company stock valued at $4,061,808 in the last 90 days. 0.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TXRH. Basecamp Wealth Advisors LLC grew its position in Texas Roadhouse by 5,033.3% during the first quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator’s stock worth $25,000 after buying an additional 151 shares in the last quarter. Signature Equity Partners LLC increased its stake in Texas Roadhouse by 906.2% during the third quarter. Signature Equity Partners LLC now owns 161 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 145 shares during the period. Silvant Capital Management LLC acquired a new position in Texas Roadhouse in the 2nd quarter valued at approximately $32,000. Coppell Advisory Solutions LLC acquired a new position in Texas Roadhouse in the 2nd quarter valued at approximately $38,000. Finally, Western Wealth Management LLC acquired a new position in Texas Roadhouse in the 1st quarter valued at approximately $47,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Key Texas Roadhouse News

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

Positive Sentiment: Comparable-store sales increased 4.3%, and revenue rose 9.5% year over year to $1.57 billion. The sales growth signals continued demand, although revenue was slightly below the $1.58 billion consensus. Texas Roadhouse: 3 Key Takeaways for Long-Term Investors
Positive Sentiment: The company declared a quarterly dividend of $0.75 per share, offering a direct return to shareholders. Third-quarter results and dividend announcement
Neutral Sentiment: Management characterized results as strong despite softer traffic. That may temper the sales-growth signal, as traffic trends remain an area for investors to monitor. Results despite softer traffic
Negative Sentiment: Quarterly EPS was $1.36, below analysts’ estimates of roughly $1.46–$1.49. Although earnings were up from $1.25 a year earlier, the miss could weigh on the stock. Q3 earnings and revenue estimates

About Texas Roadhouse

(Get Free Report)

Texas Roadhouse, Inc (NASDAQ: TXRH) operates full-service casual dining restaurants under the Texas Roadhouse, Bubba’s 33 and Jaggers brands. Its restaurants serve made-from-scratch meals centered on hand-cut steaks, ribs, chicken, seafood, burgers and other American-style dishes, along with freshly baked rolls and a selection of beverages.

Founded in 1993, Texas Roadhouse began with its first restaurant in Clarksville, Indiana. The company’s restaurant network includes company-owned and franchised locations across the United States, as well as international locations.