Bank of America Raises Texas Roadhouse (NASDAQ:TXRH) Price Target to $234.00

Texas Roadhouse (NASDAQ:TXRH) had its price objective boosted by equities research analysts at Bank of America from $206.00 to $234.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the restaurant operator’s stock. Bank of America‘s target price would indicate a potential upside of 29.42% from the company’s previous close.

A number of other brokerages have also commented on TXRH. Morgan Stanley lifted their target price on Texas Roadhouse from $155.00 to $162.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 16th. Wells Fargo & Company lifted their price objective 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. Wedbush restated an “outperform” rating and set a $190.00 target price on shares of Texas Roadhouse in a research report on Tuesday, September 24th. JPMorgan Chase & Co. reduced their target price 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. Finally, Evercore ISI boosted their price target 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. Twelve research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $178.60.

Texas Roadhouse Trading Down 0.1 %

NASDAQ TXRH traded down $0.22 on Tuesday, hitting $180.80. 272,398 shares of the company were exchanged, compared to its average volume of 763,791. The company has a market cap of $12.06 billion, a P/E ratio of 32.81, a P/E/G ratio of 1.66 and a beta of 0.99. Texas Roadhouse has a 1-year low of $93.79 and a 1-year high of $184.19. The firm has a 50 day moving average of $171.34 and a two-hundred day moving average of $167.68.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.15. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 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 14.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.22 earnings per share. Research analysts anticipate that Texas Roadhouse will post 6.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Texas Roadhouse

Several large investors have recently made changes to their positions in TXRH. LRI Investments LLC bought a new stake in Texas Roadhouse in the 1st quarter valued at $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Texas Roadhouse in the second quarter valued at about $25,000. Hollencrest Capital Management bought a new stake in shares of Texas Roadhouse in the second quarter valued at about $25,000. McClarren Financial Advisors Inc. boosted its position in shares of Texas Roadhouse by 4,175.0% during the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after buying an additional 167 shares during the period. Finally, UMB Bank n.a. grew its holdings in shares of Texas Roadhouse by 118.6% during the third quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock worth $46,000 after buying an additional 140 shares in 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.