Analysts at Raymond James lifted their price target on shares of Texas Roadhouse (NASDAQ:TXRH) from $27.50 to $31.00 in a research report issued to clients and investors on Wednesday, AnalystRatings.Net reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target would indicate a potential upside of 13.01% from the company’s current price.
A number of other analysts have also recently weighed in on TXRH. Analysts at Jefferies Group raised their price target on shares of Texas Roadhouse from $21.00 to $26.00 in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Texas Roadhouse from $27.00 to $30.00 in a research note to investors on Tuesday. They now have a “market perform” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Texas Roadhouse from $24.00 to $27.00 in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $27.54.
Shares of Texas Roadhouse (NASDAQ:TXRH) traded down 0.80% on Wednesday, hitting $27.43. The stock had a trading volume of 714,149 shares. Texas Roadhouse has a one year low of $15.72 and a one year high of $25.99. The stock has a 50-day moving average of $25.00 and a 200-day moving average of $23.11. The company has a market cap of $1.928 billion and a P/E ratio of 25.16.
Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.25 by $0.01. The company had revenue of $334.80 million for the quarter, compared to the consensus estimate of $338.63 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. Analysts expect that Texas Roadhouse will post $1.13 EPS for the current fiscal year.
Texas Roadhouse, Inc (NASDAQ:TXRH) is a full-service restaurant chain.
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