Texas Roadhouse (TXRH) Receives Price Target

Texas Roadhouse (TXRH) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $50 and the lowest price target forecast is $34. The average forecast of all the analysts is $44 and the expected standard deviation is $5.51.

Texas Roadhouse (TXRH) : The consensus on Texas Roadhouse (TXRH) based on 15 analyst recommendation on the company stock is 2.89, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 11 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Texas Roadhouse (TXRH).


Also, Canaccord Genuity initiates coverage on Texas Roadhouse (NASDAQ:TXRH) The brokerage firm has issued a Hold rating on the shares. The rating by the firm was issued on August 22, 2016.

Texas Roadhouse (NASDAQ:TXRH): The stock was completely flat for the day, closing at $44.27 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $44.17, the stock touched an intraday high of $44.44 and a low of $43.90. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $44.27. The total trading volume on Thursday was 1,060,330.

Texas Roadhouse, Inc. is a full-service, casual dining restaurant company. The Company offers an assortment of seasoned and aged steaks. In addition to steaks, it also offers ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, and an assortment of hamburgers, salads and sandwiches. Its entrees include made-from-scratch yeast rolls and also include the choice of two of the following made-from-scratch sides: baked potato, sweet potato, steak fries, mashed potatoes, house or Caesar salad, green beans, chili, seasoned rice, buttered corn, applesauce and steamed vegetables. Its restaurants offer a full bar that offers draft and bottled beer, different brands of liquor and wine, as well as margaritas. As of December 30, 2014, the Company had 451 restaurants, which included 372 Company restaurants, of which, 356 were wholly-owned and 16 were majority-owned, and 79 franchise restaurants in which, the Company held 5% to 10.0% ownership interest in 23 restaurants.

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