Texas Roadhouse Receives Consensus Rating of “Buy” from Analysts (NASDAQ:TXRH)
Texas Roadhouse (NASDAQ:TXRH) has been given an average recommendation of “Buy” by the fifteen brokerages that are currently covering the company, ARN reports. Five investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $26.73.
TXRH has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Texas Roadhouse in a research note on Tuesday, August 5th. They now have a $26.00 price target on the stock, up previously from $25.00. Analysts at RBC Capital initiated coverage on shares of Texas Roadhouse in a research note on Tuesday, May 27th. They set an “outperform” rating and a $6.00 price target on the stock.
Texas Roadhouse (NASDAQ:TXRH) opened at 25.69 on Wednesday. Texas Roadhouse has a 52 week low of $22.87 and a 52 week high of $29.07. The stock’s 50-day moving average is $25.5 and its 200-day moving average is $25.39. The company has a market cap of $1.791 billion and a P/E ratio of 21.48.
Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.33. The company had revenue of $395.36 million for the quarter, compared to the consensus estimate of $394.31 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, analysts predict that Texas Roadhouse will post $1.26 earnings per share for the current fiscal year.
Texas Roadhouse, Inc (NASDAQ:TXRH) is a full-service restaurant chain.
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