Texas Roadhouse (NASDAQ:TXRH) Price Target Increased to $205.00 by Analysts at Robert W. Baird

Texas Roadhouse (NASDAQ:TXRH) had its price target increased by equities research analysts at Robert W. Baird from $190.00 to $205.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. Robert W. Baird’s price target would indicate a potential upside of 13.32% from the stock’s previous close.

A number of other analysts have also issued reports on the stock. BMO Capital Markets raised their target price on shares of Texas Roadhouse from $145.00 to $155.00 and gave the stock a “market perform” rating in a research report on Friday, July 26th. Morgan Stanley raised their price objective on Texas Roadhouse from $155.00 to $162.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 16th. Wedbush reiterated an “outperform” rating and issued a $190.00 target price on shares of Texas Roadhouse in a research note on Tuesday, September 24th. JPMorgan Chase & Co. decreased their price target on 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, Deutsche Bank Aktiengesellschaft lifted their price target on Texas Roadhouse from $190.00 to $193.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Twelve research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Texas Roadhouse presently has an average rating of “Hold” and an average price target of $181.90.

Texas Roadhouse Stock Up 1.1 %

NASDAQ TXRH opened at $180.90 on Friday. Texas Roadhouse has a fifty-two week low of $93.79 and a fifty-two week high of $184.19. The business has a fifty day moving average of $172.00 and a 200-day moving average of $168.06. The stock has a market cap of $12.06 billion, a price-to-earnings ratio of 32.83, a price-to-earnings-growth ratio of 1.61 and a beta of 0.99.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. LRI Investments LLC purchased a new stake in Texas Roadhouse during the 1st quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Texas Roadhouse during the second quarter valued at about $25,000. Hollencrest Capital Management purchased a new stake in shares of Texas Roadhouse during the second quarter worth about $25,000. McClarren Financial Advisors Inc. increased 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 acquiring an additional 167 shares during the last quarter. Finally, PSI Advisors LLC lifted its stake in shares of Texas Roadhouse by 70.8% in the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after acquiring an additional 75 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

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.