Fintel reports that on October 6, 2023, UBS maintained coverage of Texas Roadhouse (NASDAQ:TXRH) with a Buy recommendation.
Analyst Price Forecast Suggests 28.68% Upside
As of October 5, 2023, the average one-year price target for Texas Roadhouse is 122.84. The forecasts range from a low of 104.03 to a high of $162.75. The average price target represents an increase of 28.68% from its latest reported closing price of 95.46.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Texas Roadhouse is 4,525MM, an increase of 4.06%. The projected annual non-GAAP EPS is 4.82.
What is the Fund Sentiment?
There are 961 funds or institutions reporting positions in Texas Roadhouse. This is an increase of 49 owner(s) or 5.37% in the last quarter. Average portfolio weight of all funds dedicated to TXRH is 0.33%, a decrease of 10.56%. Total shares owned by institutions decreased in the last three months by 5.77% to 79,527K shares. 
The put/call ratio of TXRH is 0.88, indicating a bullish outlook.
What are Other Shareholders Doing?
Macquarie Group holds 2,098K shares representing 3.14% ownership of the company. In it's prior filing, the firm reported owning 2,541K shares, representing a decrease of 21.14%. The firm decreased its portfolio allocation in TXRH by 11.31% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,087K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 2,067K shares, representing an increase of 0.93%. The firm decreased its portfolio allocation in TXRH by 3.24% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 2,032K shares representing 3.04% ownership of the company. In it's prior filing, the firm reported owning 2,064K shares, representing a decrease of 1.57%. The firm decreased its portfolio allocation in TXRH by 2.01% over the last quarter.
Nordea Investment Management Ab holds 1,843K shares representing 2.76% ownership of the company. In it's prior filing, the firm reported owning 2,118K shares, representing a decrease of 14.93%. The firm decreased its portfolio allocation in TXRH by 15.57% over the last quarter.
Wellington Management Group Llp holds 1,778K shares representing 2.66% ownership of the company. In it's prior filing, the firm reported owning 2,160K shares, representing a decrease of 21.52%. The firm decreased its portfolio allocation in TXRH by 18.40% 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.
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