tiprankstipranks
Blurbs

Texas Roadhouse (TXRH) Receives a Hold from Robert W. Baird

Robert W. Baird analyst David Tarantino maintained a Hold rating on Texas Roadhouse (TXRHResearch Report) on July 28 and set a price target of $87.00. The company’s shares closed last Friday at $87.22.

According to TipRanks.com, Tarantino is a 5-star analyst with an average return of 8.4% and a 61.4% success rate. Tarantino covers the Services sector, focusing on stocks such as Restaurant Brands International, Cheesecake Factory, and BJ’s Restaurants.

Texas Roadhouse has an analyst consensus of Moderate Buy, with a price target consensus of $99.20, representing an 11.5% upside. In a report issued on July 18, Morgan Stanley also maintained a Hold rating on the stock with a $89.00 price target.

See the top stocks recommended by analysts >>

Based on Texas Roadhouse’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $987 million and net profit of $75.2 million. In comparison, last year the company earned revenue of $801 million and had a net profit of $64.15 million.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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.

Read More on TXRH:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More