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

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

TXRH has been the subject of several other reports. Robert W. Baird increased their price objective on Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday. Citigroup increased their price objective on Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Barclays raised their target price on Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday. Bank of America raised their target price on Texas Roadhouse from $206.00 to $234.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Wells Fargo & Company raised their target price on Texas Roadhouse from $165.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Twelve analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $188.00.

Texas Roadhouse Trading Up 3.6 %

TXRH stock traded up $6.48 during midday trading on Friday, hitting $187.38. The stock had a trading volume of 1,487,108 shares, compared to its average volume of 772,449. 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 has a 52 week low of $93.79 and a 52 week high of $189.97. The stock has a 50-day simple moving average of $172.00 and a 200 day simple moving average of $168.06.

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

Hedge Funds Weigh In On Texas Roadhouse

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ontario Teachers Pension Plan Board bought a new position in Texas Roadhouse during the first quarter worth about $2,338,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Texas Roadhouse during the first quarter worth about $4,522,000. Sei Investments Co. boosted its holdings in Texas Roadhouse by 31.6% during the first quarter. Sei Investments Co. now owns 73,707 shares of the restaurant operator’s stock worth $11,385,000 after buying an additional 17,691 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Texas Roadhouse by 0.8% during the first quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator’s stock worth $1,000,356,000 after buying an additional 53,419 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Texas Roadhouse by 200.6% during the second quarter. SG Americas Securities LLC now owns 19,067 shares of the restaurant operator’s stock worth $3,274,000 after buying an additional 12,725 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

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.