Texas Roadhouse (TXRH) Receives a Buy from Bank of America Securities

In a report released yesterday, Sara Senatore from Bank of America Securities reiterated a Buy rating on Texas Roadhouse, with a price target of $216.00. The company’s shares closed yesterday at $172.12.

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According to TipRanks, Senatore is a 3-star analyst with an average return of 2.5% and a 49.18% success rate. Senatore covers the Consumer Cyclical sector, focusing on stocks such as Cracker Barrel, Domino’s Pizza, and First Watch Restaurant Group.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Texas Roadhouse with a $194.26 average price target, implying a 12.86% upside from current levels. In a report released on March 6, TipRanks – DeepSeek also reiterated a Buy rating on the stock with a $199.00 price target.

Based on Texas Roadhouse’s latest earnings release for the quarter ending December 30, the company reported a quarterly revenue of $1.48 billion and a net profit of $84.64 million. In comparison, last year the company earned a revenue of $1.44 billion and had a net profit of $115.83 million

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TXRH in relation to earlier this year.