Barclays Increases Texas Roadhouse Price Target to $27.00 (TXRH)
Investment analysts at Barclays boosted their price target on shares of Texas Roadhouse (NASDAQ:TXRH) from $25.00 to $27.00 in a note issued to investors on Tuesday, Stock Ratings Network.com reports. The firm currently has an “overweight” rating on the stock. Barclays’ price target indicates a potential downside of 4.59% from the stock’s previous close.
Shares of Texas Roadhouse (NASDAQ:TXRH) traded down 2.40% during mid-day trading on Tuesday, hitting $27.62. The stock had a trading volume of 874,616 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 $1.941 billion and a price-to-earnings ratio of 25.75.
Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Monday, October 28th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.25 earnings per share. On average, analysts predict that Texas Roadhouse will post $1.15 earnings per share for the current fiscal year.
TXRH has been the subject of a number of other recent research reports. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Texas Roadhouse in a research note to investors on Tuesday. They now have a $35.00 price target on the stock, up previously from $30.00. Separately, analysts at B. Riley raised their price target on shares of Texas Roadhouse from $22.00 to $25.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Finally, analysts at Ned Davis Research upgraded shares of Texas Roadhouse from a “neutral” rating to a “buy” rating in a research note to investors on Monday, October 21st. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.35.
Texas Roadhouse, Inc (NASDAQ:TXRH) is a full-service restaurant chain.
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