Texas Roadhouse (NASDAQ:TXRH) Given New $220.00 Price Target at Wells Fargo & Company

Posted by George Bondi on Nov 7th, 2026

Texas Roadhouse (NASDAQ:TXRH – Free Report) had its target price lowered by Wells Fargo & Company from $230.00 to $220.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the restaurant operator’s stock.

A number of other equities research analysts have also recently weighed in on the company. Piper Sandler raised their price target on Texas Roadhouse from $192.00 to $208.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $235.00 price target on shares of Texas Roadhouse in a research note on Monday, August 3rd. TD Cowen upped their target price on shares of Texas Roadhouse from $195.00 to $213.00 and gave the company a “buy” rating in a research note on Friday. Bank of America lifted their price objective on Texas Roadhouse from $225.00 to $227.00 and gave the company a “buy” rating in a report on Friday. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $190.00 target price on shares of Texas Roadhouse in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $208.04.

Get Our Latest Analysis on Texas Roadhouse

Texas Roadhouse Stock Performance

TXRH traded down $7.91 during trading on Friday, hitting $183.88. The stock had a trading volume of 1,867,609 shares, compared to its average volume of 1,353,685. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.03. The company has a 50 day simple moving average of $172.73 and a 200-day simple moving average of $179.06. The firm has a market cap of $12.07 billion, a PE ratio of 28.91, a P/E/G ratio of 2.03 and a beta of 0.81. Texas Roadhouse has a 12 month low of $153.82 and a 12 month high of $216.30.

Texas Roadhouse (NASDAQ:TXRH – Get Free Report) last released 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 net margin of 6.63% and a return on equity of 27.20%. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the company earned $1.25 earnings per share. Texas Roadhouse’s revenue for the quarter was up 9.5% compared to the same quarter last year. Analysts expect that Texas Roadhouse will post 6.48 EPS for the current year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 29th. Stockholders of record on Tuesday, December 1st will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.6%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 48.00%.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Hugh J. Carroll sold 650 shares of Texas Roadhouse stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $203.99, for a total value of $132,593.50. Following the completion of the sale, the director owned 2,883 shares in the company, valued at $588,103.17. The trade was a 18.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory N. Moore sold 3,000 shares of Texas Roadhouse stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $208.32, for a total transaction of $624,960.00. Following the completion of the sale, the director owned 26,900 shares of the company’s stock, valued at $5,603,808. This trade represents a 10.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 19,970 shares of company stock valued at $4,061,808 in the last three months. Insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Texas Roadhouse during the second quarter worth approximately $1,273,173,000. Wellington Management Group LLP raised its position in shares of Texas Roadhouse by 8.4% in the second quarter. Wellington Management Group LLP now owns 1,541,791 shares of the restaurant operator’s stock valued at $297,920,000 after buying an additional 119,803 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Texas Roadhouse by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 864,006 shares of the restaurant operator’s stock valued at $142,670,000 after buying an additional 34,385 shares during the period. Bessemer Group Inc. boosted its stake in shares of Texas Roadhouse by 38.1% in the first quarter. Bessemer Group Inc. now owns 732,411 shares of the restaurant operator’s stock valued at $120,951,000 after buying an additional 202,241 shares during the period. Finally, Bank of America Corp DE bought a new stake in shares of Texas Roadhouse in the second quarter valued at approximately $113,993,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Trending Headlines about Texas Roadhouse

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

Positive Sentiment: Same-store sales increased 4.3% and revenue rose 9.5% year over year to $1.57 billion, showing continued growth. The company also declared a quarterly dividend of $0.75 per share. Third-quarter results and dividend announcement
Neutral Sentiment: Analyst views were mixed: Bank of America and TD Cowen raised their targets, while Wells Fargo, RBC, Morgan Stanley, and BMO lowered theirs. Several firms nevertheless maintained positive ratings, and Citigroup raised its target while keeping a neutral rating. Morgan Stanley rating and target update
Negative Sentiment: Adjusted earnings were $1.36 per share, below analysts’ roughly $1.46–$1.49 estimates, while revenue of $1.57 billion also narrowly missed expectations. Reports pointed to softer traffic, tempering the otherwise solid year-over-year sales growth. Q3 earnings and revenue miss

Texas Roadhouse Company Profile

(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.