Bank of America has revised its outlook on Texas Roadhouse (TXRH, Financial), decreasing the price target from $232 to $190 while maintaining a Buy rating on the stock. This adjustment is part of a broader review affecting over 20 companies within its restaurant sector coverage. The financial institution is refining its estimates and modifying price targets to align with both updated forecasts and market valuation changes, in anticipation of the first quarter performance of the industry group.
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 $188.44 with a high estimate of $232.00 and a low estimate of $139.20. The average target implies an upside of 16.40% from the current price of $161.89. 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 $158.96, suggesting a downside of 1.81% from the current price of $161.89. 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.
