Texas Roadhouse Price Target Raised to $27.00 at Deutsche Bank (TXRH)
Analysts at Deutsche Bank hoisted their price objective on shares of Texas Roadhouse (NASDAQ:TXRH) from $24.00 to $27.00 in a research report issued to clients and investors on Tuesday, American Banking News.com reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price objective would suggest a potential downside of 4.59% from the stock’s previous close.
Shares of Texas Roadhouse (NASDAQ:TXRH) traded down 2.79% during mid-day trading on Tuesday, hitting $27.51. The stock had a trading volume of 1,033,917 shares. Texas Roadhouse has a one year low of $15.72 and a one year high of $25.99. The stock’s 50-day moving average is $25.00 and its 200-day moving average is $23.11. The company has a market cap of $1.933 billion and a price-to-earnings ratio of 25.75.
Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.24 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.25 earnings per share. Analysts expect that Texas Roadhouse will post $1.15 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of Texas Roadhouse from $25.00 to $27.00 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $26.73.
Texas Roadhouse, Inc (NASDAQ:TXRH) is a full-service restaurant chain.
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