Texas Roadhouse (NASDAQ:TXRH) Price Target Raised to $200.00

Texas Roadhouse (NASDAQ:TXRH) had its target price raised by stock analysts at Wedbush from $190.00 to $200.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. Wedbush’s target price points to a potential upside of 6.73% from the company’s previous close. Wedbush also issued estimates for Texas Roadhouse’s Q4 2024 earnings at $1.62 EPS, Q1 2025 earnings at $2.03 EPS, Q4 2025 earnings at $1.65 EPS and FY2025 earnings at $7.17 EPS.

Several other analysts also recently issued reports on TXRH. Truist Financial boosted their price target on Texas Roadhouse from $202.00 to $207.00 and gave the company a “buy” rating in a research note on Friday. JPMorgan Chase & Co. decreased their price target on shares of Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating on the stock in a research note on Monday, July 29th. Evercore ISI lifted their price objective on shares of Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Texas Roadhouse from $190.00 to $193.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Finally, Bank of America raised their target price on shares of Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Twelve equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Texas Roadhouse has a consensus rating of “Hold” and an average target price of $188.00.

Texas Roadhouse Stock Performance

NASDAQ TXRH opened at $187.38 on Friday. The stock has a market cap of $12.49 billion, a PE ratio of 34.01, a P/E/G ratio of 1.61 and a beta of 0.99. The firm has a 50-day moving average of $172.41 and a 200-day moving average of $168.45. Texas Roadhouse has a 52-week low of $93.79 and a 52-week high of $189.97.

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

Hedge Funds Weigh In On Texas Roadhouse

Several institutional investors and hedge funds have recently added to or reduced their stakes in TXRH. LRI Investments LLC bought a new stake in shares of Texas Roadhouse during the first quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Texas Roadhouse during the 2nd quarter valued at $25,000. Hollencrest Capital Management bought a new stake in Texas Roadhouse during the 2nd quarter worth $25,000. McClarren Financial Advisors Inc. increased its holdings in 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 purchasing an additional 167 shares in the last quarter. Finally, PSI Advisors LLC raised its position in Texas Roadhouse by 70.8% in the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

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.