Do Analysts Expect Texas Roadhouse Inc (TXRH) Stock to Rise After It Has Gained 4.56% in a Month?

Wall Street is positive on Texas Roadhouse Inc (TXRH). On average, analysts give TXRH a Buy rating. The average price target is $103.625, which means analysts expect the stock to increase by 16.59% over the next twelve months. That average ranking earns TXRH an Analyst Rating of 18, which is better than 18% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating TXRH a Buy today. Find out what this means to you and get the rest of the rankings on TXRH!

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Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Texas Roadhouse Inc Stock Today?

Texas Roadhouse Inc (TXRH) stock has gained 2.74% while the S&P 500 has fallen -0.46% as of 2:07 PM on Thursday, Jan 13. TXRH has risen $2.37 from the previous closing price of $86.51 on volume of 282,082 shares. Over the past year the S&P 500 is up 23.49% while TXRH has risen 10.08%. TXRH earned $3.02 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 29.4. Click Here to get the full Stock Report for Texas Roadhouse Inc stock.