Texas Roadhouse (NASDAQ:TXRH) Price Target Raised to $210.00

Texas Roadhouse (NASDAQ:TXRH) had its price target hoisted by stock analysts at UBS Group from $200.00 to $210.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. UBS Group’s price target points to a potential upside of 12.07% from the company’s previous close.

A number of other research firms also recently weighed in on TXRH. Wells Fargo & Company upped 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. Citigroup upped their price target on Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. reduced their price target on Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating for the company in a research report on Monday, July 29th. Royal Bank of Canada upped their price target on Texas Roadhouse from $175.00 to $185.00 and gave the stock a “sector perform” rating in a research report on Friday. Finally, Wedbush upped their price target on Texas Roadhouse from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday. Twelve 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 stock presently has an average rating of “Hold” and an average target price of $188.00.

Texas Roadhouse Stock Up 3.6 %

Shares of TXRH traded up $6.48 on Friday, hitting $187.38. The company’s stock had a trading volume of 1,487,108 shares, compared to its average volume of 772,449. The firm’s fifty day moving average price is $172.00 and its 200-day moving average price is $168.06. Texas Roadhouse has a fifty-two week low of $93.79 and a fifty-two week high of $189.97. The firm has a market capitalization of $12.49 billion, a price-to-earnings ratio of 34.01, a P/E/G ratio of 1.61 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.07). Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the firm posted $0.95 earnings per share. Texas Roadhouse’s revenue for the quarter was up 13.5% compared to the same quarter last year. As a group, equities analysts predict that Texas Roadhouse will post 6.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Texas Roadhouse

Large investors have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Texas Roadhouse in the 2nd quarter valued at $25,000. Hollencrest Capital Management bought a new position in Texas Roadhouse during the 2nd quarter worth $25,000. LRI Investments LLC bought a new position in Texas Roadhouse during the 1st quarter worth $25,000. McClarren Financial Advisors Inc. increased its position in Texas Roadhouse by 4,175.0% during the 2nd 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, PSI Advisors LLC increased its position in Texas Roadhouse by 70.8% during the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after buying an additional 75 shares during the period. 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.