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Texas Roadhouse Inc 16.9% Potential Upside Now Implied by Telsey Advisory Group

Texas Roadhouse Inc with TICKER NASDAQ:TXRH has had its stock rating noted as ‘Initiated’ with the recommendation being set at ‘OUTPERFORM’ today by analysts at Telsey Advisory Group. Texas Roadhouse Inc are listed in the Consumer Services sector within NASDAQ. Telsey Advisory Group have set their target price at 44 USD on its stock. This now indicates the analyst believes there is a potential upside of 16.9% from today’s opening price of 37.63 USD.

Texas Roadhouse Inc NASDAQ:TXRH has a 50 day moving average of 38.15 USD and a 200 Day Moving Average share price is recorded at 36.63 USD. The 52 week high for the share price is currently at 40.82 USD while the year low stock price is currently 26.63 USD. Over the last 30 and 90 trading days the company share price has decreased 1.17 points and increased 2.49 points respectively. There are currently 71,800,429 shares in issue with the average daily volume traded being 473,869. Market capitalisation for NASDAQ:TXRH is $2,682,464,071.00 USD.

 

Texas Roadhouse Inc NASDAQ:TXRH is a full-service, casual dining restaurant company. The Company offers an assortment of seasoned and aged steaks. In addition to steaks, it also offers ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, and an assortment of hamburgers, salads and sandwiches. Its entrees include made-from-scratch yeast rolls and also include the choice of two of the following made-from-scratch sides: baked potato, sweet potato, steak fries, mashed potatoes, house or Caesar salad, green beans, chili, seasoned rice, buttered corn, applesauce and steamed vegetables. Its restaurants offer a full bar that offers draft and bottled beer, different brands of liquor and wine, as well as margaritas. As of December 30, 2014, the Company had 451 restaurants, which included 372 Company restaurants, of which, 356 were wholly-owned and 16 were majority-owned, and 79 franchise restaurants in which, the Company held 5% to 10.0% ownership interest in 23 restaurants.

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