Texas Roadhouse (NASDAQ:TXRH) Price Target Raised to $185.00

Texas Roadhouse (NASDAQ:TXRH) had its price objective upped by equities researchers at Royal Bank of Canada from $175.00 to $185.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “sector perform” rating on the restaurant operator’s stock. Royal Bank of Canada’s price objective would suggest a potential downside of 1.34% from the company’s current price.

A number of other equities analysts also recently issued reports on TXRH. Truist Financial raised their price target on Texas Roadhouse from $202.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft boosted their target price on Texas Roadhouse from $190.00 to $193.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. BTIG Research raised their target price on Texas Roadhouse from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Barclays lifted their price objective on Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, Wedbush reiterated an “outperform” rating and issued a $190.00 price objective on shares of Texas Roadhouse in a report on Tuesday, September 24th. Twelve investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $185.25.

Texas Roadhouse Trading Up 3.7 %

TXRH stock traded up $6.61 during mid-day trading on Friday, reaching $187.51. The company’s stock had a trading volume of 1,194,979 shares, compared to its average volume of 771,038. The company has a market cap of $12.50 billion, a price-to-earnings ratio of 34.03, a price-to-earnings-growth 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 $189.97. The business’s 50 day moving average price is $172.00 and its 200 day moving average price is $168.06.

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

Institutional Trading of Texas Roadhouse

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Texas Roadhouse by 0.8% in the first quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator’s stock worth $1,000,356,000 after purchasing an additional 53,419 shares during the period. AQR Capital Management LLC lifted its holdings in Texas Roadhouse by 22.3% in the second quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock valued at $156,230,000 after acquiring an additional 165,738 shares during the period. Marshall Wace LLP lifted its holdings in Texas Roadhouse by 128.9% in the second quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock valued at $131,375,000 after acquiring an additional 430,814 shares during the period. Bank of New York Mellon Corp increased its position in Texas Roadhouse by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 744,624 shares of the restaurant operator’s stock worth $127,859,000 after buying an additional 2,578 shares in the last quarter. Finally, Millennium Management LLC grew its position in shares of Texas Roadhouse by 25.0% during the second quarter. Millennium Management LLC now owns 583,009 shares of the restaurant operator’s stock worth $100,108,000 after purchasing an additional 116,721 shares in the last quarter. 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.