In a report released today, Jeff Bernstein from Barclays maintained a Hold rating on Texas Roadhouse (TXRH – Research Report), with a price target of $116.00. The company’s shares closed yesterday at $122.97.
Bernstein covers the Consumer Cyclical sector, focusing on stocks such as Restaurant Brands International, Brinker International, and Darden. According to TipRanks, Bernstein has an average return of 7.4% and a 64.75% success rate on recommended stocks.
Texas Roadhouse has an analyst consensus of Moderate Buy, with a price target consensus of $119.18, which is a -3.08% downside from current levels. In a report released on January 23, J.P. Morgan also upgraded the stock to a Hold with a $120.00 price target.
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TXRH market cap is currently $8.21B and has a P/E ratio of 28.27.
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Texas Roadhouse (TXRH) Company Description:
Texas Roadhouse, Inc. is a full-service, casual dining restaurant chain, which offers assorted seasoned and aged steaks hand-cut daily on the premises and cooked to order over open gas-fired grills. It operates restaurants under the Texas Roadhouse and Aspen Creek names. The firm also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, an assortment of hamburgers, salads and sandwiches. It also provides supervisory and administrative services for other license and franchise restaurants. The company was founded by W. Kent Taylor on February 17, 1993 and is headquartered in Louisville, KY.
Read More on TXRH:
- Texas Roadhouse, Inc. to Announce Fourth Quarter Earnings on February 15, 2024
- JPMorgan downgrades Bloomin and Cheesecake Factory, upgrades Texas Roadhouse
- Texas Roadhouse upgraded to Neutral from Underweight at JPMorgan
- Texas Roadhouse price target raised to $137 from $130 at Truist
- Texas Roadhouse price target raised to $124 from $110 at Morgan Stanley
