Texas Roadhouse (NASDAQ:TXRH – Get Free Report) had its price target increased by investment analysts at UBS Group from $200.00 to $210.00 in a report released on Friday, Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. UBS Group’s price objective indicates a potential upside of 12.07% from the company’s previous close.
Several other brokerages have also issued reports on TXRH. Robert W. Baird raised their target price on Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday. BMO Capital Markets raised their price objective on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a report on Friday. BTIG Research boosted their target price on shares of Texas Roadhouse from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Truist Financial raised their price target on shares of Texas Roadhouse from $202.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Wells Fargo & Company lifted their price target on shares of Texas Roadhouse from $165.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Twelve analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Texas Roadhouse currently has a consensus rating of “Hold” and a consensus target price of $188.00.
Get Our Latest Stock Analysis on Texas Roadhouse
Texas Roadhouse Stock Performance
Texas Roadhouse (NASDAQ:TXRH – Get Free Report) last announced its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.07). The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. Texas Roadhouse’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.95 EPS. 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 hedge funds have recently bought and sold shares of the company. PSI Advisors LLC lifted its stake in Texas Roadhouse by 70.8% in 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 in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Texas Roadhouse by 12.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the restaurant operator’s stock worth $128,000 after purchasing an additional 85 shares during the period. Gries Financial LLC raised its position in shares of Texas Roadhouse by 6.5% in the second quarter. Gries Financial LLC now owns 1,876 shares of the restaurant operator’s stock worth $322,000 after buying an additional 114 shares in the last quarter. Advisors Asset Management Inc. boosted its stake 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 buying an additional 122 shares during the period. Finally, Trust Point Inc. grew its position in Texas Roadhouse by 6.5% during the third quarter. Trust Point Inc. now owns 2,041 shares of the restaurant operator’s stock worth $360,000 after buying an additional 124 shares in the last quarter. Hedge funds and other 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.
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