Based on recent analysis from Wall Street professionals, Texas Roadhouse (TXRH) currently holds a Moderate Buy consensus rating.
Analyst Consensus for Texas Roadhouse (TXRH)
The "Moderate Buy" consensus for Texas Roadhouse is a reflection of how analysts view the stock's potential over the next 12 months. This rating is derived from the recommendations of numerous Wall Street analysts who cover the company.
Out of 21 analysts who have issued their 12-month price targets for TXRH in the past three months, the breakdown of their recommendations is as follows:
| Recommendation | Number of Analysts |
|---|---|
| Buy | 10 |
| Hold | 11 |
| Sell | 0 |
| Total | 21 |
This distribution indicates a generally positive to neutral sentiment among analysts, with a notable absence of "sell" recommendations.
Price Target Insights
In addition to the consensus rating, analysts also provide price targets, which are their projections of a stock's potential value within a specific timeframe. For Texas Roadhouse, the average 12-month price target set by these 21 analysts is $192.67.
This average price target suggests that, according to these professional projections, there is potential for the stock's price to move towards this level over the coming year. Price targets are based on various financial models, industry analysis, and company-specific factors.
What Analyst Ratings Suggest
When considering analyst ratings like "Moderate Buy" and associated price targets, it's helpful to understand what they imply:
- Positive Outlook: A "Moderate Buy" rating, especially with a majority of buy and hold recommendations and no sell ratings, points to a prevailing belief among analysts that the stock has more upside potential or is at least fairly valued with limited downside risk.
- Potential for Appreciation: The average price target indicates a potential growth trajectory for the stock's value from its current trading price, as forecast by market experts.
- Informed Opinion: Analyst ratings represent the collective professional opinion of financial experts who extensively research companies and market conditions.
It is important for any investor to conduct their own thorough research and consider multiple factors beyond analyst ratings, such as company fundamentals, industry trends, and overall market conditions, before making investment decisions. Analyst ratings are one valuable data point among many.
