Robert W. Baird Boosts Texas Roadhouse (NASDAQ:TXRH) Price Target to $205.00

Texas Roadhouse (NASDAQ:TXRH) had its price target increased by equities research analysts at Robert W. Baird from $190.00 to $205.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the restaurant operator’s stock. Robert W. Baird’s price objective points to a potential upside of 13.32% from the stock’s previous close.

A number of other analysts have also weighed in on the company. Truist Financial upped their price objective on Texas Roadhouse from $196.00 to $202.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Morgan Stanley lifted their target price on Texas Roadhouse from $155.00 to $162.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 16th. Guggenheim increased their price target on shares of Texas Roadhouse from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft increased their price objective on Texas Roadhouse from $190.00 to $193.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Finally, Citigroup boosted their target price on Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Twelve analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $181.90.

Texas Roadhouse Price Performance

Shares of TXRH opened at $180.90 on Friday. The firm has a 50-day simple moving average of $172.00 and a two-hundred day simple moving average of $168.06. The stock has a market cap of $12.06 billion, a PE ratio of 32.83, a P/E/G ratio of 1.61 and a beta of 0.99. Texas Roadhouse has a 1-year low of $93.79 and a 1-year high of $184.19.

Texas Roadhouse (NASDAQ:TXRH) last posted its 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). Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the business posted $0.95 EPS. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. As a group, sell-side analysts expect that Texas Roadhouse will post 6.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Texas Roadhouse

Institutional investors and hedge funds have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Texas Roadhouse during the second quarter worth $25,000. Hollencrest Capital Management purchased a new position in shares of Texas Roadhouse in the second quarter valued at $25,000. LRI Investments LLC acquired a new position in shares of Texas Roadhouse during the 1st quarter worth $25,000. McClarren Financial Advisors Inc. boosted its position in shares of Texas Roadhouse by 4,175.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after buying an additional 167 shares in the last quarter. Finally, PSI Advisors LLC grew its stake in Texas Roadhouse by 70.8% in the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after acquiring an additional 75 shares during the last quarter. Institutional investors and hedge funds 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.