Texas Roadhouse (NASDAQ:TXRH) Price Target Increased to $205.00 by Analysts at Morgan Stanley

Texas Roadhouse (NASDAQ:TXRH) had its price target hoisted by research analysts at Morgan Stanley from $200.00 to $205.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the restaurant operator’s stock. Morgan Stanley’s price target suggests a potential upside of 13.32% from the company’s current price.

Several other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating for the company in a research report on Monday, July 29th. Guggenheim increased their price target on Texas Roadhouse from $190.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Truist Financial boosted their price objective on Texas Roadhouse from $196.00 to $202.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. BMO Capital Markets increased their target price on Texas Roadhouse from $145.00 to $155.00 and gave the company a “market perform” rating in a research note on Friday, July 26th. Finally, Wells Fargo & Company raised their target price on Texas Roadhouse from $165.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Twelve equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $181.90.

Texas Roadhouse Price Performance

Shares of NASDAQ:TXRH opened at $180.90 on Friday. The business has a 50-day moving average of $172.00 and a two-hundred day moving average of $168.06. The firm has a market capitalization 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 12 month low of $93.79 and a 12 month high of $184.19.

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

Institutional Trading of Texas Roadhouse

Several hedge funds and other institutional investors have recently bought and sold shares of TXRH. Ontario Teachers Pension Plan Board acquired a new position in shares of Texas Roadhouse in the 1st quarter worth approximately $2,338,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Texas Roadhouse during the first quarter valued at $4,522,000. Sei Investments Co. raised its holdings in shares of Texas Roadhouse by 31.6% during the first quarter. Sei Investments Co. now owns 73,707 shares of the restaurant operator’s stock worth $11,385,000 after purchasing an additional 17,691 shares during the period. Vanguard Group Inc. lifted its position in shares of Texas Roadhouse by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator’s stock worth $1,000,356,000 after buying an additional 53,419 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Texas Roadhouse by 200.6% in the 2nd quarter. SG Americas Securities LLC now owns 19,067 shares of the restaurant operator’s stock worth $3,274,000 after buying an additional 12,725 shares during the last quarter. 94.82% of the stock is owned by institutional investors.

About Texas Roadhouse

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.