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Texas Roadhouse (NASDAQ:TXRH) was upgraded by equities researchers at Raymond James from an “outperform” rating to a “strong-buy” rating in a research report issued on Monday, TheFlyOnTheWall.com reports. The firm currently has a $29.00 price objective on the stock. Raymond James’ price objective suggests a potential upside of 18.95% from the stock’s previous close. The analysts noted that the move was a valuation call.

A number of other analysts have also recently weighed in on TXRH. Analysts at Longbow Research initiated coverage on shares of Texas Roadhouse in a research note to investors on Friday. They set a “buy” rating on the stock. Separately, analysts at UBS AG initiated coverage on shares of Texas Roadhouse in a research note to investors on Wednesday, January 8th. They set a “neutral” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Texas Roadhouse from $27.00 to $29.00 in a research note to investors on Wednesday, November 20th. They now have an “overweight” rating on the stock. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Texas Roadhouse presently has an average rating of “Buy” and a consensus target price of $28.46.

Texas Roadhouse (NASDAQ:TXRH) traded up 3.04% during mid-day trading on Monday, hitting $25.12. The stock had a trading volume of 296,974 shares. Texas Roadhouse has a one year low of $16.90 and a one year high of $29.07. The stock’s 50-day moving average is $26.02 and its 200-day moving average is $26.17. The company has a market cap of $1.772 billion and a P/E ratio of 22.37.

Texas Roadhouse, Inc (NASDAQ:TXRH) is a full-service restaurant chain.

The Fly On The Wall

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