Truist Financial Boosts Texas Roadhouse (NASDAQ:TXRH) Price Target to $207.00

Texas Roadhouse (NASDAQ:TXRH) had its price objective raised by stock analysts at Truist Financial from $202.00 to $207.00 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 suggest a potential upside of 10.26% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the company. BTIG Research raised their price objective on Texas Roadhouse from $175.00 to $190.00 and gave the company a “buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co. cut their price objective on Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating on the stock in a research report on Monday, July 29th. BMO Capital Markets lifted their price objective on Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a research report on Friday. Bank of America lifted their price objective on Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Robert W. Baird lifted their price target on Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday. Twelve equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $182.50.

Texas Roadhouse Trading Up 3.8 %

Shares of TXRH stock traded up $6.83 on Friday, hitting $187.73. 303,283 shares of the stock were exchanged, compared to its average volume of 766,730. The firm has a market capitalization of $12.52 billion, a PE ratio of 33.86, a P/E/G ratio of 1.61 and a beta of 0.99. Texas Roadhouse has a one year low of $93.79 and a one year high of $189.97. The firm’s 50 day moving average is $172.00 and its two-hundred day moving average is $168.06.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.07). The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The firm’s revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS. On average, sell-side analysts expect that Texas Roadhouse will post 6.37 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. abrdn plc boosted its position in Texas Roadhouse by 33.8% in the third quarter. abrdn plc now owns 212,039 shares of the restaurant operator’s stock worth $37,446,000 after purchasing an additional 53,549 shares during the last quarter. Pallas Capital Advisors LLC lifted its position in shares of Texas Roadhouse by 17.5% during the 3rd quarter. Pallas Capital Advisors LLC now owns 5,295 shares of the restaurant operator’s stock valued at $958,000 after buying an additional 789 shares in the last quarter. Custom Index Systems LLC purchased a new position in shares of Texas Roadhouse during the 3rd quarter valued at about $418,000. State of Alaska Department of Revenue lifted its position in shares of Texas Roadhouse by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 7,767 shares of the restaurant operator’s stock valued at $1,371,000 after buying an additional 525 shares in the last quarter. Finally, GHP Investment Advisors Inc. lifted its position in shares of Texas Roadhouse by 2.2% during the 3rd quarter. GHP Investment Advisors Inc. now owns 48,955 shares of the restaurant operator’s stock valued at $8,646,000 after buying an additional 1,054 shares in the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

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.