Texas Roadhouse (NASDAQ:TXRH) Price Target Cut to $200.00 by Analysts at JPMorgan Chase & Co.

Posted by Stanley Muller on Sep 29th, 2026

Texas Roadhouse (NASDAQ:TXRH – Get Free Report) had its price objective decreased by investment analysts at JPMorgan Chase & Co. from $202.00 to $200.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 26.05% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Robert W. Baird upgraded shares of Texas Roadhouse to a “strong-buy” rating in a research report on Monday, August 24th. Evercore set a $220.00 price objective on Texas Roadhouse in a research report on Friday. Mizuho lifted their target price on Texas Roadhouse from $190.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Benchmark restated a “hold” rating on shares of Texas Roadhouse in a research report on Monday, August 10th. Finally, Citigroup upped their price target on Texas Roadhouse from $193.00 to $209.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $210.48.

View Our Latest Report on TXRH

Texas Roadhouse Price Performance

TXRH traded up $0.22 during midday trading on Tuesday, hitting $158.67. The company had a trading volume of 108,592 shares, compared to its average volume of 1,037,951. Texas Roadhouse has a twelve month low of $153.82 and a twelve month high of $216.30. The company has a market capitalization of $10.42 billion, a PE ratio of 25.42, a P/E/G ratio of 1.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.39 and a current ratio of 0.46. The firm’s 50-day simple moving average is $192.36 and its 200-day simple moving average is $180.13.

Texas Roadhouse (NASDAQ:TXRH – Get Free Report) last announced its earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the business earned $1.86 earnings per share. Texas Roadhouse’s quarterly revenue was up 11.1% on a year-over-year basis. Equities research analysts predict that Texas Roadhouse will post 6.64 EPS for the current fiscal year.

Insider Transactions at Texas Roadhouse

In other news, Director Hugh J. Carroll sold 650 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $203.99, for a total value of $132,593.50. Following the transaction, the director owned 2,883 shares of the company’s stock, valued at $588,103.17. This represents a 18.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gerald L. Morgan sold 15,000 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $202.17, for a total value of $3,032,550.00. Following the completion of the transaction, the chief executive officer owned 80,970 shares in the company, valued at $16,369,704.90. This represents a 15.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 20,396 shares of company stock valued at $4,143,825. 0.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Texas Roadhouse

Several hedge funds have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. boosted its holdings in Texas Roadhouse by 23.7% during the second quarter. QRG Capital Management Inc. now owns 5,882 shares of the restaurant operator’s stock worth $1,137,000 after buying an additional 1,128 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Texas Roadhouse in the 2nd quarter valued at about $232,000. NewEdge Advisors LLC increased its stake in shares of Texas Roadhouse by 21.7% in the 2nd quarter. NewEdge Advisors LLC now owns 3,909 shares of the restaurant operator’s stock valued at $755,000 after acquiring an additional 696 shares during the last quarter. IFP Advisors Inc raised its position in shares of Texas Roadhouse by 77.9% in the 2nd quarter. IFP Advisors Inc now owns 3,659 shares of the restaurant operator’s stock valued at $707,000 after acquiring an additional 1,602 shares during the period. Finally, Allworth Financial LP raised its position in shares of Texas Roadhouse by 23.7% in the 2nd quarter. Allworth Financial LP now owns 4,281 shares of the restaurant operator’s stock valued at $827,000 after acquiring an additional 820 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Company Profile

(Get Free Report)

Texas Roadhouse, Inc is a casual-dining restaurant company that operates and franchises restaurants under the Texas Roadhouse, Bubba’s 33 and Jaggers brands. Its restaurants are known for hand-cut steaks, ribs, chicken, burgers and other American-style meals, along with made-from-scratch sides and fresh-baked bread.

Texas Roadhouse restaurants generally emphasize a relaxed, family-friendly atmosphere and an experience centered on affordable, high-quality food. The company’s concepts include Texas Roadhouse steakhouses, Bubba’s 33 sports-themed restaurants and Jaggers fast-casual locations focused on burgers, chicken and fries.

Founded in 1993, Texas Roadhouse has expanded through a combination of company-operated and franchised restaurants.