Texas Roadhouse (NASDAQ:TXRH) PT Raised to $201.00

Texas Roadhouse (NASDAQ:TXRH) had its price objective raised by research analysts at Citigroup from $192.00 to $201.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the restaurant operator’s stock. Citigroup’s price target indicates a potential upside of 13.76% from the stock’s current price.

A number of other equities analysts have also recently weighed in on TXRH. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Texas Roadhouse from $190.00 to $193.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Wedbush reissued an “outperform” rating and issued a $190.00 target price on shares of Texas Roadhouse in a research note on Tuesday, September 24th. Wells Fargo & Company raised their price target on Texas Roadhouse from $165.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Stephens boosted their price objective on Texas Roadhouse from $170.00 to $176.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Finally, Bank of America increased their target price on Texas Roadhouse from $189.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Thirteen research 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 currently has a consensus rating of “Hold” and an average price target of $176.60.

Texas Roadhouse Stock Performance

TXRH traded up $0.08 during trading on Tuesday, reaching $176.68. 150,168 shares of the company’s stock were exchanged, compared to its average volume of 780,068. Texas Roadhouse has a fifty-two week low of $91.06 and a fifty-two week high of $180.69. The company’s fifty day moving average price is $168.42 and its 200-day moving average price is $165.00. The firm has a market capitalization of $11.78 billion, a PE ratio of 35.81, a P/E/G ratio of 1.58 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.15. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.22 EPS. Research analysts forecast that Texas Roadhouse will post 6.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 DIFC Ltd acquired a new position in shares of Texas Roadhouse in the second quarter valued at about $127,000. Sanctuary Advisors LLC acquired a new stake in shares of Texas Roadhouse in the second quarter valued at approximately $953,000. Maven Securities LTD bought a new stake in shares of Texas Roadhouse in the second quarter valued at approximately $427,000. Cetera Investment Advisers grew its position in Texas Roadhouse by 125.1% during the second quarter. Cetera Investment Advisers now owns 6,392 shares of the restaurant operator’s stock worth $1,098,000 after buying an additional 3,553 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Texas Roadhouse by 41.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 684 shares of the restaurant operator’s stock valued at $117,000 after acquiring an additional 199 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

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.