Texas Roadhouse (NASDAQ:TXRH) PT Raised to $175.00 at Barclays

Texas Roadhouse (NASDAQ:TXRH) had its target price boosted by investment analysts at Barclays from $160.00 to $175.00 in a research report issued on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s target price points to a potential downside of 6.61% from the stock’s previous close.

Several other equities analysts have also commented on the stock. Citigroup increased their price objective on shares of Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Wedbush reaffirmed an “outperform” rating and issued a $190.00 price target on shares of Texas Roadhouse in a report on Tuesday, September 24th. Guggenheim boosted their price objective on shares of Texas Roadhouse from $190.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Stifel Nicolaus raised their target price on Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a research note on Friday. Finally, JPMorgan Chase & Co. dropped their price target on Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating on the stock in a research note on Monday, July 29th. Twelve equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $188.00.

Texas Roadhouse Trading Up 3.6 %

NASDAQ TXRH opened at $187.38 on Friday. Texas Roadhouse has a 12-month low of $93.79 and a 12-month high of $189.97. The firm’s fifty day simple moving average is $172.41 and its two-hundred day simple moving average is $168.45. The firm has a market capitalization of $12.49 billion, a P/E ratio of 34.01, a P/E/G ratio of 1.61 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.07). Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the company earned $0.95 earnings per share. The company’s quarterly revenue was up 13.5% on a year-over-year basis. As a group, sell-side analysts predict that Texas Roadhouse will post 6.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Texas Roadhouse by 0.8% in the first quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator’s stock valued at $1,000,356,000 after buying an additional 53,419 shares during the last quarter. AQR Capital Management LLC raised its holdings in Texas Roadhouse by 22.3% in the 2nd quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock valued at $156,230,000 after acquiring an additional 165,738 shares during the last quarter. Marshall Wace LLP lifted its stake in Texas Roadhouse by 128.9% in the 2nd quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock worth $131,375,000 after purchasing an additional 430,814 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Texas Roadhouse by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 744,624 shares of the restaurant operator’s stock worth $127,859,000 after purchasing an additional 2,578 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of Texas Roadhouse by 25.0% in the second quarter. Millennium Management LLC now owns 583,009 shares of the restaurant operator’s stock valued at $100,108,000 after purchasing an additional 116,721 shares in the last quarter. Hedge funds and other 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.