Throughout the last three months, 21 analysts have evaluated Texas Roadhouse (NASDAQ:TXRH), offering a diverse set of opinions from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 4 | 12 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 3 | 3 | 8 | 0 | 0 |
| 3M Ago | 1 | 1 | 3 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $167.9, a high estimate of $184.00, and a low estimate of $136.00. Witnessing a positive shift, the current average has risen by 8.96% from the previous average price target of $154.10.
Analyzing Analyst Ratings: A Detailed Breakdown
A clear picture of Texas Roadhouse's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Jake Bartlett | Truist Securities | Raises | Buy | $183.00 | $181.00 |
| Logan Reich | RBC Capital | Raises | Sector Perform | $175.00 | $165.00 |
| John Ivankoe | JP Morgan | Raises | Neutral | $184.00 | $145.00 |
| Chris O'Cull | Stifel | Raises | Hold | $175.00 | $155.00 |
| Jon Tower | Citigroup | Raises | Buy | $183.00 | $178.00 |
| Peter Saleh | BTIG | Raises | Buy | $175.00 | $155.00 |
| Jon Tower | Wells Fargo | Raises | Equal-Weight | $165.00 | $140.00 |
| John Glass | Morgan Stanley | Raises | Equal-Weight | $155.00 | $145.00 |
| Christopher Carril | RBC Capital | Raises | Sector Perform | $165.00 | $145.00 |
| David Palmer | Evercore ISI Group | Raises | Outperform | $175.00 | $160.00 |
| Andrew Strelzik | BMO Capital | Raises | Market Perform | $145.00 | $130.00 |
| Jeffrey Bernstein | Barclays | Raises | Equal-Weight | $160.00 | $138.00 |
| Jake Bartlett | Truist Securities | Raises | Buy | $181.00 | $170.00 |
| Nick Setyan | Wedbush | Raises | Outperform | $180.00 | $170.00 |
| Jim Salera | Stephens & Co. | Raises | Equal-Weight | $164.00 | $150.00 |
| David Tarantino | Baird | Raises | Outperform | $182.00 | $178.00 |
| Jon Tower | Citigroup | Raises | Buy | $178.00 | $162.00 |
| Andy Barish | Jefferies | Raises | Hold | $136.00 | $120.00 |
| John Glass | Morgan Stanley | Raises | Equal-Weight | $145.00 | $135.00 |
| Jim Salera | Stephens & Co. | Announces | Equal-Weight | $150.00 | - |
| Nick Setyan | Wedbush | Raises | Outperform | $170.00 | $160.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Texas Roadhouse. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Texas Roadhouse compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Texas Roadhouse's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Texas Roadhouse's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Texas Roadhouse analyst ratings.
Delving into Texas Roadhouse's Background
Texas Roadhouse Inc is a restaurant company operating predominately in the casual dining segment. The company's operating segment includes Texas Roadhouse; Bubba's 33 and others. It generates maximum revenue from the Texas Roadhouse segment.
Breaking Down Texas Roadhouse's Financial Performance
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Over the 3 months period, Texas Roadhouse showcased positive performance, achieving a revenue growth rate of 12.51% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Texas Roadhouse's net margin is impressive, surpassing industry averages. With a net margin of 8.57%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Texas Roadhouse's ROE excels beyond industry benchmarks, reaching 9.64%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Texas Roadhouse's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 4.03%, the company showcases efficient use of assets and strong financial health.
Debt Management: Texas Roadhouse's debt-to-equity ratio is below the industry average at 0.66, reflecting a lower dependency on debt financing and a more conservative financial approach.
The Basics of Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.