Fintel reports that on July 17, 2023, Morgan Stanley maintained coverage of Texas Roadhouse (NASDAQ:TXRH) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 3.19% Upside
As of July 6, 2023, the average one-year price target for Texas Roadhouse is 118.43. The forecasts range from a low of 104.03 to a high of $137.55. The average price target represents an increase of 3.19% from its latest reported closing price of 114.77.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Texas Roadhouse is 4,525MM, an increase of 7.69%. The projected annual non-GAAP EPS is 4.82.
What is the Fund Sentiment?
There are 910 funds or institutions reporting positions in Texas Roadhouse. This is a decrease of 7 owner(s) or 0.76% in the last quarter. Average portfolio weight of all funds dedicated to TXRH is 0.38%, an increase of 21.83%. Total shares owned by institutions increased in the last three months by 0.47% to 84,160K shares. 
The put/call ratio of TXRH is 0.86, indicating a bullish outlook.
What are Other Shareholders Doing?
Macquarie Group holds 2,541K shares representing 3.79% ownership of the company. In it's prior filing, the firm reported owning 2,526K shares, representing an increase of 0.60%. The firm decreased its portfolio allocation in TXRH by 0.70% over the last quarter.
Bank Of America holds 2,360K shares representing 3.52% ownership of the company. In it's prior filing, the firm reported owning 1,293K shares, representing an increase of 45.20%. The firm decreased its portfolio allocation in TXRH by 50.13% over the last quarter.
Wellington Management Group Llp holds 2,160K shares representing 3.22% ownership of the company. In it's prior filing, the firm reported owning 2,848K shares, representing a decrease of 31.82%. The firm decreased its portfolio allocation in TXRH by 87.43% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,067K shares representing 3.09% ownership of the company. In it's prior filing, the firm reported owning 2,029K shares, representing an increase of 1.87%. The firm increased its portfolio allocation in TXRH by 11.80% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 2,064K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 2,066K shares, representing a decrease of 0.10%. The firm increased its portfolio allocation in TXRH by 13.60% over the last quarter.
Texas Roadhouse Background Information
(This description is provided by the company.)
Texas Roadhouse is a casual dining concept with over 630 restaurants system-wide in 49 states and ten foreign countries.
Additional reading:
- AMENDMENT NO. 3
- EMPLOYMENT AGREEMENT (David Christopher Monroe)
- Texas Roadhouse, Inc. Appoints Southwest Airlines Veteran Chris Monroe Chief Financial Officer
- Texas Roadhouse, Inc. Announces Quarterly Dividend
- Texas Roadhouse, Inc. Announces First Quarter 2023 Results
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
