Texas Roadhouse (NASDAQ:TXRH) Price Target Increased to $200.00 by Analysts at Evercore ISI

Texas Roadhouse (NASDAQ:TXRH) had its price objective lifted by analysts at Evercore ISI from $195.00 to $200.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the restaurant operator’s stock. Evercore ISI’s target price would indicate a potential upside of 9.49% from the stock’s previous close.

TXRH has been the subject of several other reports. Stephens lifted their target price on shares of Texas Roadhouse from $170.00 to $176.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. BTIG Research raised their target price on Texas Roadhouse from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Morgan Stanley increased their price target on Texas Roadhouse from $155.00 to $162.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft raised their price objective on Texas Roadhouse from $190.00 to $193.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Finally, Guggenheim lifted their price target on shares of Texas Roadhouse from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. 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 a consensus target price of $177.15.

Texas Roadhouse Price Performance

NASDAQ TXRH opened at $182.66 on Tuesday. Texas Roadhouse has a 1 year low of $93.79 and a 1 year high of $182.88. The company has a market capitalization of $12.18 billion, a PE ratio of 33.15, a P/E/G ratio of 1.59 and a beta of 0.99. The company has a fifty day moving average of $170.45 and a 200 day moving average of $166.93.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, July 25th. The restaurant operator reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.15. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The company’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.22 earnings per share. Research analysts expect that Texas Roadhouse will post 6.34 earnings per share for the current year.

Institutional Trading of Texas Roadhouse

Several institutional investors and hedge funds have recently bought and sold shares of the stock. LRI Investments LLC acquired a new stake in shares of Texas Roadhouse during the first quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Texas Roadhouse during the 2nd quarter worth approximately $25,000. Hollencrest Capital Management acquired a new stake in Texas Roadhouse in the 2nd quarter valued at approximately $25,000. McClarren Financial Advisors Inc. raised its position in Texas Roadhouse by 4,175.0% in the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 167 shares during the period. Finally, Rise Advisors LLC acquired a new position in Texas Roadhouse during the first quarter worth $32,000. 94.82% of the stock is currently 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.