Texas Roadhouse (NASDAQ:TXRH) Price Target Raised to $162.00 at BMO Capital Markets

Texas Roadhouse (NASDAQ:TXRH) had its target price lifted by equities research analysts at BMO Capital Markets from $155.00 to $162.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “market perform” rating on the restaurant operator’s stock. BMO Capital Markets’ target price would suggest a potential downside of 13.54% from the stock’s current price.

Several other brokerages also recently commented on TXRH. Citigroup boosted their price objective on shares of Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Wedbush reissued an “outperform” rating and set a $190.00 price target on shares of Texas Roadhouse in a report on Tuesday, September 24th. Evercore ISI raised their price objective on Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Robert W. Baird boosted their target price on Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Truist Financial increased their target price on shares of Texas Roadhouse from $196.00 to $202.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Twelve research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Roadhouse presently has an average rating of “Hold” and a consensus target price of $188.00.

Texas Roadhouse Stock Performance

TXRH opened at $187.38 on Friday. Texas Roadhouse has a 52-week low of $93.79 and a 52-week high of $189.97. The firm has a market cap of $12.49 billion, a P/E ratio of 34.01, a price-to-earnings-growth ratio of 1.61 and a beta of 0.99. The business’s fifty day moving average is $172.41 and its 200-day moving average is $168.45.

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

Institutional Trading of Texas Roadhouse

Institutional investors have recently added to or reduced their stakes in the stock. PSI Advisors LLC raised its holdings in Texas Roadhouse by 70.8% during the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 75 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in Texas Roadhouse by 12.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the restaurant operator’s stock worth $128,000 after buying an additional 85 shares during the last quarter. Gries Financial LLC lifted its holdings in Texas Roadhouse by 6.5% in the second quarter. Gries Financial LLC now owns 1,876 shares of the restaurant operator’s stock valued at $322,000 after buying an additional 114 shares during the period. Advisors Asset Management Inc. boosted its position in Texas Roadhouse by 4.8% during the first quarter. Advisors Asset Management Inc. now owns 2,679 shares of the restaurant operator’s stock valued at $414,000 after acquiring an additional 122 shares during the last quarter. Finally, Trust Point Inc. grew its holdings in Texas Roadhouse by 6.5% during the 3rd quarter. Trust Point Inc. now owns 2,041 shares of the restaurant operator’s stock worth $360,000 after acquiring an additional 124 shares during the period. 94.82% of the stock is currently owned by 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.