Citigroup Raises Texas Roadhouse (NASDAQ:TXRH) Price Target to $201.00

Texas Roadhouse (NASDAQ:TXRH) had its target price lifted by investment analysts at Citigroup from $192.00 to $201.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Citigroup’s price target would suggest a potential upside of 13.76% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets increased their price objective on Texas Roadhouse from $145.00 to $155.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. Wedbush reissued an “outperform” rating and issued a $190.00 target price on shares of Texas Roadhouse in a research report on Tuesday, September 24th. Truist Financial raised their price target on shares of Texas Roadhouse from $185.00 to $196.00 and gave the company a “buy” rating in a report on Friday, July 26th. Guggenheim upped their price objective on shares of Texas Roadhouse from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating on the stock in a research report on Monday, July 29th. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $176.60.

Texas Roadhouse Trading Up 0.0 %

TXRH stock traded up $0.08 during midday trading on Tuesday, reaching $176.68. The company had a trading volume of 150,168 shares, compared to its average volume of 780,068. The company has a 50 day moving average of $168.42 and a two-hundred day moving average of $165.00. The company has a market capitalization of $11.78 billion, a P/E ratio of 35.81, a PEG ratio of 1.58 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 the consensus estimate of $1.64 by $0.15. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the company earned $1.22 earnings per share. Texas Roadhouse’s quarterly revenue was up 14.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Texas Roadhouse will post 6.33 earnings per share for the current year.

Institutional Trading of Texas Roadhouse

Several institutional investors have recently made changes to their positions in TXRH. Bridgefront Capital LLC acquired a new position in Texas Roadhouse during the fourth quarter worth $736,000. Ontario Teachers Pension Plan Board bought a new stake in shares of Texas Roadhouse during the first quarter worth $2,338,000. Los Angeles Capital Management LLC grew its holdings in shares of Texas Roadhouse by 158.3% during the first quarter. Los Angeles Capital Management LLC now owns 22,510 shares of the restaurant operator’s stock worth $3,477,000 after purchasing an additional 13,795 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Texas Roadhouse in the first quarter valued at $4,522,000. Finally, Sei Investments Co. raised its holdings in shares of Texas Roadhouse by 31.6% in the first quarter. Sei Investments Co. now owns 73,707 shares of the restaurant operator’s stock valued at $11,385,000 after buying an additional 17,691 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

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.