Texas Roadhouse (TXRH) Stock Forecast & Price Target

$196.19 +1.71 (+0.88%)

(As of 11/12/2024 ET)

Texas Roadhouse - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 23 Analyst Ratings

Sell
0

Hold
12

Buy
11

Based on 23 Wall Street analysts who have issued ratings for Texas Roadhouse in the last 12 months, the stock has a consensus rating of "Hold." Out of the 23 analysts, 12 have given a hold rating, and 11 have given a buy rating for TXRH.

Consensus Price Target

$189.00
-3.66% Downside

According to the 23 analysts' twelve-month price targets for Texas Roadhouse, the average price target is $189.00. The highest price target for TXRH is $234.00, while the lowest price target for TXRH is $136.00. The average price target represents a forecasted downside of -3.66% from the current price of $196.19.

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TXRH Analyst Ratings Over Time

Type	Current Forecast 11/13/23 to 11/12/24	1 Month Ago 10/14/23 to 10/13/24	3 Months Ago 8/15/23 to 8/14/24	1 Year Ago 11/13/22 to 11/13/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	10 Buy rating(s)	10 Buy rating(s)	11 Buy rating(s)
Hold	12 Hold rating(s)	12 Hold rating(s)	12 Hold rating(s)	8 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$189.00	$176.90	$169.86	$118.35
Forecasted Upside	-3.66% Downside	0.68% Upside	1.29% Upside	10.31% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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TXRH Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TXRH Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Texas Roadhouse Stock vs. The Competition

Type	Texas Roadhouse	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.48	2.51	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	-4.18% Downside	26.55% Upside	8.13% Upside
News Sentiment Rating	Positive News See Recent TXRH News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/28/2024	Loop Capital 2 of 5 stars		Lower Target	Buy ➝ Buy	$215.00 ➝ $209.00	+10.99%
10/25/2024	UBS Group 4 of 5 stars		Boost Target	Buy ➝ Buy	$200.00 ➝ $210.00	+12.07%
10/25/2024	Wedbush 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$190.00 ➝ $200.00	+6.66%
10/25/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$175.00 ➝ $185.00	-1.34%
10/25/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$160.00 ➝ $175.00	-6.55%
10/25/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$180.00 ➝ $195.00	+4.56%
Get the Latest News and Ratings for TXRH and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Texas Roadhouse and its competitors with MarketBeat's FREE daily newsletter.
10/25/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$202.00 ➝ $207.00	+10.96%
10/25/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$155.00 ➝ $162.00	-10.45%
10/25/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$200.00 ➝ $205.00	+13.32%
10/25/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$190.00 ➝ $205.00	+13.32%
10/22/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$206.00 ➝ $234.00	+29.42%
10/15/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$195.00 ➝ $200.00	+13.60%
10/1/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$192.00 ➝ $201.00	+13.64%
9/25/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$190.00 ➝ $195.00	+10.40%
7/29/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$184.00 ➝ $180.00	+4.93%
7/29/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$170.00 ➝ $176.00	+3.91%
7/26/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$175.00 ➝ $190.00	+11.58%
7/26/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$165.00 ➝ $175.00	+5.41%
7/16/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$190.00 ➝ $193.00	+11.56%
4/16/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$120.00 ➝ $136.00	-8.94%
4/10/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold
2/20/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$110.00 ➝ $136.00	-7.72%
2/20/2024	Northcoast Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Sanderson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
6/29/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Reiterates
6/26/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Initiates
5/5/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$115.00 ➝ $123.00	+13.58%
4/17/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 08:55 PM ET.

TXRH Forecast - Frequently Asked Questions

: According to the research reports of 23 Wall Street equities research analysts, the average twelve-month stock price forecast for Texas Roadhouse is $189.00, with a high forecast of $234.00 and a low forecast of $136.00.
: 23 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Texas Roadhouse in the last year. There are currently 12 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" TXRH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TXRH, but not buy additional shares or sell existing shares.
: According to analysts, Texas Roadhouse's stock has a predicted downside of -3.66% based on their 12-month stock forecasts.
: Texas Roadhouse has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Citigroup, Evercore ISI, Guggenheim, Loop Capital, Morgan Stanley, Robert W. Baird, Royal Bank of Canada, Stifel Nicolaus, Truist Financial, UBS Group, and Wedbush in the past 90 days.
: Analysts like Texas Roadhouse less than other "retail/wholesale" companies. The consensus rating for Texas Roadhouse is Hold while the average consensus rating for "retail/wholesale" companies is Moderate Buy. Learn more on how TXRH compares to other companies.

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This page (NASDAQ:TXRH) was last updated on 11/12/2024 by MarketBeat.com Staff

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Texas Roadhouse (TXRH) Stock Forecast & Price Target