Texas Roadhouse Stock Rating Upgraded by Ned Davis Research (TXRH)
Texas Roadhouse (NASDAQ:TXRH) was upgraded by investment analysts at Ned Davis Research from a “neutral” rating to a “buy” rating in a note issued to investors on Monday, American Banking & Market News reports.
Texas Roadhouse (NASDAQ:TXRH) traded up 0.34% on Monday, hitting $26.63. The stock had a trading volume of 260,621 shares. Texas Roadhouse has a 1-year low of $15.72 and a 1-year high of $26.76. The stock has a 50-day moving average of $25.68 and a 200-day moving average of $24.21. The company has a market cap of $1.872 billion and a P/E ratio of 24.15.
Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.28 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.29 by $0.01. The company had revenue of $352.10 million for the quarter, compared to the consensus estimate of $354.48 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis.
TXRH has been the subject of a number of other recent research reports. Analysts at Miller Tabak upgraded shares of Texas Roadhouse from a “hold” rating to a “buy” rating in a research note to investors on Monday, October 14th. They now have a $31.00 price target on the stock, up previously from $26.00. Separately, analysts at Northcoast Research initiated coverage on shares of Texas Roadhouse in a research note to investors on Wednesday, September 25th. They set a “buy” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Texas Roadhouse from $22.00 to $23.00 in a research note to investors on Wednesday, July 31st. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $25.79.
Texas Roadhouse, Inc (NASDAQ:TXRH) is a full-service restaurant chain.
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