Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse (NYSE: CS) raised their price target on shares of Texas Roadhouse to $19.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Jefferies Group (NYSE: JEF) raised their price target on shares of Texas Roadhouse from $15.00 to $18.00 in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Finally, analysts at Raymond James (NYSE: RJF) upgraded shares of Texas Roadhouse from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday.
Shares of Texas Roadhouse opened at 18.56 on Tuesday. Texas Roadhouse has a 52 week low of $12.21 and a 52 week high of $19.35. The company has a market cap of $1.286 billion and a P/E ratio of 21.09.
The company last announced its quarterly results on Monday, April 30th. It reported $0.31 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.29 EPS by $0.02. The company’s quarterly revenue was up 14.5% on a year-over-year basis. On average, analysts predict that Texas Roadhouse will post $0.23 earnings per share next quarter.
Texas Roadhouse, Inc. (Texas Roadhouse) is a full-service, casual dining restaurant chain. As of December 28, 2010, the Company owned and operated 274 restaurants in 43 states and franchised and licensed an additional 71 restaurants in 24 states.