Texas Roadhouse’s (TXRH) Outperform Rating Reaffirmed at Wedbush

Texas Roadhouse (NASDAQ:TXRH)‘s stock had its “outperform” rating reiterated by equities researchers at Wedbush in a report released on Tuesday, Benzinga reports. They currently have a $190.00 price objective on the restaurant operator’s stock. Wedbush’s price target indicates a potential upside of 7.60% from the stock’s current price.

Several other equities analysts also recently commented on the stock. Royal Bank of Canada increased their price objective on shares of Texas Roadhouse from $165.00 to $175.00 and gave the company a “sector perform” rating in a research note on Friday, June 7th. Deutsche Bank Aktiengesellschaft raised their target price on Texas Roadhouse from $190.00 to $193.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Stephens upped their target price on shares of Texas Roadhouse from $170.00 to $176.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. JPMorgan Chase & Co. reduced their target price on shares of Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating for the company in a research note on Monday, July 29th. Finally, BTIG Research raised their target price on Texas Roadhouse from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Thirteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $171.85.

Texas Roadhouse Stock Up 0.7 %

Texas Roadhouse stock traded up $1.30 during mid-day trading on Tuesday, hitting $176.58. 367,940 shares of the company’s stock were exchanged, compared to its average volume of 786,019. The company’s 50 day simple moving average is $167.95 and its 200-day simple moving average is $164.10. Texas Roadhouse has a fifty-two week low of $91.06 and a fifty-two week high of $178.54. The firm has a market capitalization of $11.79 billion, a P/E ratio of 35.73, a PEG ratio of 1.48 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, July 25th. The restaurant operator reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.15. Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the company posted $1.22 earnings per share. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. Research analysts expect that Texas Roadhouse will post 6.32 EPS for the current year.

Hedge Funds Weigh In On Texas Roadhouse

Several hedge funds have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Texas Roadhouse in the 2nd quarter worth approximately $25,000. Hollencrest Capital Management bought a new stake in shares of Texas Roadhouse in the 2nd quarter valued at approximately $25,000. LRI Investments LLC acquired a new stake in shares of Texas Roadhouse during the first quarter worth $25,000. McClarren Financial Advisors Inc. lifted its holdings in Texas Roadhouse by 4,175.0% in the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 167 shares during the last quarter. Finally, Rise Advisors LLC acquired a new stake in Texas Roadhouse in the first quarter worth $32,000. 94.82% of the stock is owned by hedge funds and other 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.