Raymond James Upgrades Texas Roadhouse to Outperform (TXRH)

By admin | 6 years ago

Texas Roadhouse (NASDAQ: TXRH) was upgraded by investment analysts at Raymond James (NYSE: RJF) from a “market perform” rating to an “outperform” rating in a note issued to investors on Tuesday.

Shares of Texas Roadhouse traded up 1.83% during mid-day trading on Tuesday, hitting $18.90. 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 $1.309 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.

Other equities research analysts have also recently issued reports about the stock. Analysts at Miller Tabak raised their price target on shares of Texas Roadhouse to $21.00 in a research note to investors on Wednesday, February 22nd. Separately, analysts at Morgan Keegan raised their price target on shares of Texas Roadhouse from $17.00 to $19.00 in a research note to investors on Wednesday, February 22nd. Finally, analysts at RBC Capital (NYSE: RY) raised their price target on shares of Texas Roadhouse from $17.00 to $19.00 in a research note to investors on Wednesday, February 22nd. They now have a “sector perform” rating on the stock.

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.

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