Texas Roadhouse PT Raised to $30.00 at BMO Capital Markets (TXRH)
Investment analysts at BMO Capital Markets lifted their price target on shares of Texas Roadhouse (NASDAQ:TXRH) from $27.00 to $30.00 in a note issued to investors on Tuesday, Stock Ratings Network reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 8.54% from the company’s current price.
Shares of Texas Roadhouse (NASDAQ:TXRH) traded down 2.30% during mid-day trading on Tuesday, hitting $27.65. 1,570,530 shares of the company’s stock traded hands. Texas Roadhouse has a 52 week low of $15.72 and a 52 week 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 $1.943 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 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 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.
A number of other analysts have also recently weighed in on TXRH. 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. Separately, 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. Finally, 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. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Texas Roadhouse currently has a consensus rating of “Hold” and an average target price of $27.27.
Texas Roadhouse, Inc (NASDAQ:TXRH) is a full-service restaurant chain.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.