Texas Roadhouse (NASDAQ:TXRH) Receives Outperform Rating from Wedbush

Texas Roadhouse (NASDAQ:TXRH)‘s stock had its “outperform” rating restated by equities researchers at Wedbush in a report issued on Tuesday, Benzinga reports. They presently have a $190.00 price target on the restaurant operator’s stock. Wedbush’s price objective indicates a potential upside of 7.60% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Evercore ISI raised their target price on Texas Roadhouse from $175.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Stephens increased their price target on shares of Texas Roadhouse from $170.00 to $176.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Wells Fargo & Company boosted 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. Morgan Stanley boosted 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. Finally, JPMorgan Chase & Co. cut their price target 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 equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $171.85.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH traded up $1.30 during trading on Tuesday, reaching $176.58. The stock had a trading volume of 367,940 shares, compared to its average volume of 786,019. The stock has a market cap of $11.79 billion, a PE ratio of 35.73, a P/E/G ratio of 1.48 and a beta of 0.99. Texas Roadhouse has a one year low of $91.06 and a one year high of $178.54. The firm’s 50 day moving average price is $167.95 and its two-hundred day moving average price is $164.10.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share for the quarter, beating 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 analysts’ expectations of $1.34 billion. During the same quarter last year, the business posted $1.22 earnings per share. The company’s quarterly revenue was up 14.5% on a year-over-year basis. On average, research analysts expect that Texas Roadhouse will post 6.32 earnings per share for the current year.

Institutional Trading of Texas Roadhouse

Hedge funds have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Texas Roadhouse by 12.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the restaurant operator’s stock valued at $128,000 after acquiring an additional 85 shares during the period. Gries Financial LLC lifted its stake in shares of Texas Roadhouse by 6.5% in the 2nd quarter. Gries Financial LLC now owns 1,876 shares of the restaurant operator’s stock valued at $322,000 after purchasing an additional 114 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Texas Roadhouse by 4.8% in the 1st quarter. Advisors Asset Management Inc. now owns 2,679 shares of the restaurant operator’s stock valued at $414,000 after acquiring an additional 122 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Texas Roadhouse by 8.0% during the 2nd quarter. Signaturefd LLC now owns 1,883 shares of the restaurant operator’s stock worth $323,000 after buying an additional 140 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Texas Roadhouse during the 2nd quarter worth about $25,000. 94.82% of the stock is currently owned by institutional investors.

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.