Texas Roadhouse (NASDAQ:TXRH) PT Raised to $195.00 at Guggenheim

Texas Roadhouse (NASDAQ:TXRH) had its price target boosted by investment analysts at Guggenheim from $190.00 to $195.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the restaurant operator’s stock. Guggenheim’s target price would suggest a potential upside of 9.35% from the company’s previous close.

TXRH has been the topic of several other reports. Truist Financial boosted their price objective on Texas Roadhouse from $185.00 to $196.00 and gave the company a “buy” rating in a research report on Friday, July 26th. 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 note on Friday, July 26th. Morgan Stanley lifted their price objective on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 16th. Stephens boosted their target price on shares of Texas Roadhouse from $170.00 to $176.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Finally, Royal Bank of Canada boosted their target price on shares of Texas Roadhouse from $165.00 to $175.00 and gave the stock a “sector perform” rating in a report on Friday, June 7th. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Texas Roadhouse currently has an average rating of “Hold” and an average target price of $172.95.

Texas Roadhouse Price Performance

Shares of Texas Roadhouse stock opened at $178.33 on Wednesday. The company’s fifty day simple moving average is $168.10 and its 200-day simple moving average is $164.38. The stock has a market capitalization of $11.89 billion, a PE ratio of 36.10, a P/E/G ratio of 1.59 and a beta of 0.99. Texas Roadhouse has a 1-year low of $91.06 and a 1-year high of $180.69.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data 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. Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the company posted $1.22 earnings per share. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, research analysts anticipate that Texas Roadhouse will post 6.32 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TXRH. LRI Investments LLC bought a new stake in shares of Texas Roadhouse in the 1st quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Texas Roadhouse in the second quarter worth about $25,000. Hollencrest Capital Management bought a new stake in Texas Roadhouse in the second quarter worth 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 valued at $29,000 after buying an additional 167 shares during the period. Finally, Rise Advisors LLC bought a new position in shares of Texas Roadhouse during the first quarter valued at approximately $32,000. 94.82% of the stock is owned by hedge funds and other institutional investors.

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.