Texas Roadhouse (NASDAQ:TXRH) had its price objective dropped by research analysts at Raymond James from $115.00 to $108.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a "strong-buy" rating on the restaurant operator's stock. Raymond James' target price would suggest a potential upside of 18.69% from the stock's current price.
Several other brokerages have also commented on TXRH. Evercore ISI dropped their price target on shares of Texas Roadhouse from $110.00 to $100.00 and set an "in-line" rating on the stock in a research note on Monday, August 2nd. Truist Securities upped their price objective on shares of Texas Roadhouse from $124.00 to $127.00 and gave the stock a "buy" rating in a report on Wednesday, June 9th. Wedbush decreased their price objective on shares of Texas Roadhouse from $122.00 to $105.00 and set an "outperform" rating for the company in a report on Wednesday, August 25th. They noted that the move was a valuation call. Wells Fargo & Company increased their price target on shares of Texas Roadhouse from $99.00 to $106.00 and gave the company an "equal weight" rating in a report on Friday, July 30th. Finally, Zacks Investment Research downgraded shares of Texas Roadhouse from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 1st. Twelve analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $105.70.
TXRH stock opened at $90.99 on Wednesday. Texas Roadhouse has a 12 month low of $59.45 and a 12 month high of $110.75. The firm has a market cap of $6.35 billion, a PE ratio of 33.83, a P/E/G ratio of 2.48 and a beta of 1.09. The firm has a 50 day simple moving average of $93.43 and a 200 day simple moving average of $96.01. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.16.
Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, July 29th. The restaurant operator reported $1.08 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.01 by $0.07. The business had revenue of $898.79 million during the quarter, compared to the consensus estimate of $870.34 million. Texas Roadhouse had a net margin of 6.35% and a return on equity of 19.16%. As a group, sell-side analysts expect that Texas Roadhouse will post 3.71 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp increased its holdings in Texas Roadhouse by 165.8% during the first quarter. Fifth Third Bancorp now owns 311 shares of the restaurant operator's stock worth $30,000 after buying an additional 194 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in Texas Roadhouse during the second quarter worth $34,000. Psagot Investment House Ltd. acquired a new position in Texas Roadhouse during the second quarter worth $72,000. Bbva USA acquired a new position in Texas Roadhouse during the second quarter worth $79,000. Finally, Wolverine Asset Management LLC acquired a new position in Texas Roadhouse during the first quarter worth $109,000. Institutional investors own 90.51% of the company's stock.
Texas Roadhouse Company Profile
Texas Roadhouse, Inc is a full-service, casual dining restaurant chain, which offers assorted seasoned and aged steaks hand-cut daily on the premises and cooked to order over open gas-fired grills. It operates restaurants under the Texas Roadhouse and Aspen Creek names. The firm also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, an assortment of hamburgers, salads and sandwiches.
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