Texas Roadhouse (NASDAQ:TXRH) Price Target Raised to $202.00

Texas Roadhouse (NASDAQ:TXRH) had its price target upped by research analysts at Truist Financial from $196.00 to $202.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. Truist Financial’s price target would indicate a potential upside of 13.07% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Royal Bank of Canada lifted their price target on shares of Texas Roadhouse from $165.00 to $175.00 and gave the company a “sector perform” rating in a research report on Friday, June 7th. Guggenheim lifted their target price on shares of Texas Roadhouse from $190.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. BTIG Research upped their price target on Texas Roadhouse from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Bank of America lifted their price objective on Texas Roadhouse from $189.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Finally, Evercore ISI boosted their price objective on Texas Roadhouse from $175.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Twelve investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $176.90.

Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock opened at $178.65 on Friday. The stock has a 50 day moving average of $169.15 and a 200 day moving average of $165.60. The firm has a market capitalization of $11.91 billion, a price-to-earnings ratio of 36.16, a PEG ratio of 1.61 and a beta of 0.99. Texas Roadhouse has a fifty-two week low of $91.06 and a fifty-two week high of $180.69.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.15. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The company’s revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.22 EPS. Analysts forecast that Texas Roadhouse will post 6.33 EPS for the current year.

Hedge Funds Weigh In On Texas Roadhouse

Large investors have recently bought and sold shares of the business. LRI Investments LLC purchased a new position in Texas Roadhouse in the first quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Texas Roadhouse in the 2nd quarter valued at $25,000. Hollencrest Capital Management purchased a new position in shares of Texas Roadhouse in the 2nd quarter valued at $25,000. McClarren Financial Advisors Inc. raised its stake in Texas Roadhouse by 4,175.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 167 shares in the last quarter. Finally, Rise Advisors LLC purchased a new stake in Texas Roadhouse in the first quarter valued at $32,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.