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9 stories mentioning TXRHUpdated 6d ago

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Wire

Texas Roadhouse to Post Solid Q2 Results Despite Elevated Beef Costs, UBS Says

Texas Roadhouse (TXRH) should post solid same-store sales and traffic momentum in Q2 despite macro headwinds, with elevated beef prices continuing to weigh on restaurant margins, UBS said in a note emailed Monday.The bank expects underlying sales strength to persist into the second half, supported by brand affinity, menu value, expanded beverage offerings, and technology upgrades improving speed of service.UBS said long-term margins of 17-18% remain achievable as beef costs eventually normalize, with the stock still offering upside given its unit growth outlook within the full-service restaurant space.UBS reiterated a buy rating on the stock and raised the price target to $235 from $210.Price: $210.64, Change: $+5.19, Percent Change: +2.53%

$TXRH
Wire

UBS Adjusts Price Target on Texas Roadhouse to $235 From $210, Maintain Buy Rating

Texas Roadhouse (TXRH) has an average rating of overweight and mean price target of $206.73, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $211.18, Change: $+5.74, Percent Change: +2.79%

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Wire

Texas Roadhouse to Sustain Growth as Beef Inflation Peaks, RBC Capital Markets Says

Texas Roadhouse (TXRH) could benefit from steady customer demand, market-share gains, easing alcohol pressure and higher carryout sales, while beef costs remain the main risk to earnings, RBC Capital Markets said in a note Monday.The investment firm expects Q2 same-store sales to rise 6.5%, above market estimates, but sees a slight earnings miss because of higher general and administrative costs.RBC said Texas Roadhouse may continue gaining customers from higher-priced steakhouses and grocery stores because its meals remain more affordable compared with many alternatives.Annual beef inflation is expected to peak in Q2 as the company begins comparing costs against already higher prices from last year, though tight cattle supplies could keep costs elevated, according to the note. However, lower beef prices could lead to meaningful earnings upgrades because beef makes up about half of the company's cost of goods, the firm said.Pressure from lower alcohol prices is expected to ease from Q3, which could support same-store sales, while carryout orders should continue adding to revenue and helping labor costs, the firm added.RBC Capital Markets has an outperform rating and $210 price target on the stock.Shares of Texas Roadhouse were up more than 1% in Tuesday trading.Price: $203.75, Change: $+2.71, Percent Change: +1.35%

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Wire

BofA Securities Adjusts Price Target on Texas Roadhouse to $238 From $234

Texas Roadhouse (TXRH) has an average rating of overweight and mean price target of $201.32, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $198.93, Change: $+1.90, Percent Change: +0.96%

$TXRH
Wire

Texas Roadhouse's Traffic Growth 'Durable,' RBC Says

Texas Roadhouse's (TXRH) traffic growth is "durable" and has shown no signs of impact from the conflict in the Middle East, RBC Capital Markets analysts said in a Friday note.Analysts said that the company may benefit from more favorable beef prices, driving an upside to investor margin expectations.RBC said that the company's traffic growth has the potential for further upside, driven by market share gains from retail and steakhouse competitors.The analysts said that their key takeaways from a meeting with Texas Roadhouse were that the company's "solid" labor productivity gains will likely continue, and that the commodity guidance is not "conservative."RBC upgraded the stock's rating to outperform from sector perform, and raised its price target to $210 from $180.Price: $179.43, Change: $+2.37, Percent Change: +1.34%

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Research

RBC Upgrades Texas Roadhouse to Outperform From Sector Perform, Raises Price Target to $210 From $180

Texas Roadhouse (TXRH) has an average rating of overweight and mean price target of $195.80, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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Wire

Update: Texas Roadhouse Shares Rise After Fiscal Q1 Earnings, Revenue Increase

(Updates with the latest stock move in the headline and the first paragraph.)Texas Roadhouse (TXRH) shares were up 14% in Friday trading after the company posted higher Q1 earnings and revenue, and maintained its quarterly dividend late Thursday.The company reported quarterly earnings of $1.87 per diluted share, up from $1.70 a year earlier.Analysts polled by FactSet expected $1.80.Revenue for the 13 weeks ended March 31 was $1.63 billion, up from $1.45 billion a year earlier.Analysts surveyed by FactSet expected $1.64 billion.The company maintained its quarterly dividend at $0.75 per share, payable June 30 to stockholders of record June 2.Price: $179.81, Change: $+21.88, Percent Change: +13.85%

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Wire

BofA Adjusts Price Target on Texas Roadhouse to $225 From $216

Texas Roadhouse (TXRH) has an average rating of overweight and mean price target of $194.72, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $160.38, Change: $-0.06, Percent Change: -0.04%

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Wire

Texas Roadhouse Q1 Sales May Beat Views, But High Beef Prices Cloud Outlook, RBC Says

Texas Roadhouse (TXRH) is expected to post "slight upside" to Q1 same-store sales estimates, but elevated retail beef prices and limited visibility on margin improvement keep the risk/reward balanced, RBC Capital Markets said in a note Tuesday.The brokerage forecasts same-store sales growth of 8%, above the 7.2% consensus, supported by strong underlying demand and a potential traffic boost from high retail beef prices. However, RBC said it expects margins to miss expectations, modeling earnings below consensus due to continued pressure from elevated beef prices.Investor sentiment is "slightly negative" as feeder cattle inflation remains high and continues to weigh on profitability, with "little indication" of near-term supply improvement, according to the note. The brokerage noted that herd rebuilding can take up to 18 months to boost supply and ease pricing pressures, adding that it expects no improvement in beef supply in the Q1 report.RBC has a sector perform rating on Texas Roadhouse and lowered its price target to $175 from $195.Price: $159.42, Change: $-1.63, Percent Change: -1.01%

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