In a report released yesterday, Chris O`Cull from Stifel Nicolaus maintained a Hold rating on Texas Roadhouse (TXRH – Research Report), with a price target of $110.00. The company’s shares closed yesterday at $110.35.
O`Cull covers the Consumer Cyclical sector, focusing on stocks such as Brinker International, Planet Fitness, and Jack In The Box. According to TipRanks, O`Cull has an average return of 11.8% and a 59.80% success rate on recommended stocks.
Currently, the analyst consensus on Texas Roadhouse is a Moderate Buy with an average price target of $114.76, implying a 4.00% upside from current levels. In a report released on June 26, Wells Fargo also initiated coverage with a Hold rating on the stock with a $113.00 price target.
TXRH market cap is currently $7.32B and has a P/E ratio of 26.23.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TXRH in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
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