Stifel analyst Chris O’Cull has revised the price target for Texas Roadhouse (TXRH, Financial), reducing it slightly from $172 to $170. Despite maintaining a Hold rating on the stock, the adjustment reflects a more cautious stance due to recent market volatility and underwhelming consumer spending observed in the first quarter.
The update in estimates for Texas Roadhouse, along with several other restaurant chains, highlights a cautious approach in light of shifting economic conditions. Although the forecasts do not specifically account for a recession, the firm notes an increasing likelihood of such an economic downturn.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 23 analysts, the average target price for Texas Roadhouse Inc (TXRH, Financial) is $189.27 with a high estimate of $232.00 and a low estimate of $139.20. The average target implies an upside of 16.02% from the current price of $163.13. More detailed estimate data can be found on the Texas Roadhouse Inc (TXRH) Forecast page.
Based on the consensus recommendation from 29 brokerage firms, Texas Roadhouse Inc's (TXRH, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Texas Roadhouse Inc (TXRH, Financial) in one year is $159.06, suggesting a downside of 2.49% from the current price of $163.13. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Texas Roadhouse Inc (TXRH) Summary page.
