Texas Roadhouse (NASDAQ:TXRH)‘s stock had its “market perform” rating restated by Wells Fargo & Co in a report released on Tuesday, Marketbeat reports. They presently have a $52.00 price objective on the restaurant operator’s stock, up from their prior price objective of $47.00. Wells Fargo & Co’s target price suggests a potential downside of 9.64% from the company’s current price.
Other research analysts have also issued research reports about the stock. BTIG Research raised their price objective on shares of Texas Roadhouse to $67.00 and gave the company a “reduce” rating in a research note on Tuesday, January 16th. Maxim Group reaffirmed a “buy” rating and issued a $65.00 target price (up previously from $60.00) on shares of Texas Roadhouse in a report on Wednesday, January 24th. Robert W. Baird reaffirmed a “buy” rating and issued a $56.00 target price on shares of Texas Roadhouse in a report on Friday, October 20th. BMO Capital Markets reduced their target price on shares of Texas Roadhouse from $58.00 to $57.00 and set an “outperform” rating on the stock in a report on Tuesday, October 31st. Finally, Barclays raised their target price on shares of Texas Roadhouse from $62.00 to $63.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the stock. Texas Roadhouse currently has a consensus rating of “Hold” and an average price target of $56.00.
Texas Roadhouse (NASDAQ:TXRH) traded up $1.07 during midday trading on Tuesday, hitting $57.55. 675,000 shares of the stock traded hands, compared to its average volume of 683,132. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 0.06. Texas Roadhouse has a twelve month low of $40.28 and a twelve month high of $60.43. The stock has a market capitalization of $4,016.07, a price-to-earnings ratio of 30.37, a price-to-earnings-growth ratio of 1.93 and a beta of 0.59.
A number of hedge funds have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC acquired a new stake in Texas Roadhouse during the fourth quarter worth approximately $3,815,000. Castleark Management LLC acquired a new position in shares of Texas Roadhouse in the 4th quarter valued at $5,578,000. Vident Investment Advisory LLC increased its holdings in shares of Texas Roadhouse by 78.8% in the 4th quarter. Vident Investment Advisory LLC now owns 9,460 shares of the restaurant operator’s stock valued at $498,000 after acquiring an additional 4,170 shares during the period. Verition Fund Management LLC acquired a new position in shares of Texas Roadhouse in the 4th quarter valued at $791,000. Finally, Flinton Capital Management LLC increased its holdings in shares of Texas Roadhouse by 23.8% in the 4th quarter. Flinton Capital Management LLC now owns 9,724 shares of the restaurant operator’s stock valued at $512,000 after acquiring an additional 1,870 shares during the period. 85.14% of the stock is currently owned by institutional investors.
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About Texas Roadhouse
Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.
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