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BTIG Reaffirms Their Buy Rating on Texas Roadhouse (TXRH)

BTIG analyst Peter Saleh maintained a Buy rating on Texas Roadhouse (TXRHResearch Report) on July 29 and set a price target of $100.00. The company’s shares closed last Friday at $87.22.

According to TipRanks.com, Saleh is a 5-star analyst with an average return of 13.0% and a 60.3% success rate. Saleh covers the Services sector, focusing on stocks such as Papa John’s International, BurgerFi International, and Domino’s Pizza.

Texas Roadhouse has an analyst consensus of Moderate Buy, with a price target consensus of $99.20, an 11.5% upside from current levels. In a report issued on July 19, Raymond James also maintained a Buy rating on the stock with a $100.00 price target.

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The company has a one-year high of $100.86 and a one-year low of $68.58. Currently, Texas Roadhouse has an average volume of 1.2M.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TXRH in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Texas Roadhouse, Inc. is a full-service, casual dining restaurant chain, which offers assorted seasoned and aged steaks hand-cut daily on the premises and cooked to order over open gas-fired grills. It operates restaurants under the Texas Roadhouse and Aspen Creek names. The firm also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, an assortment of hamburgers, salads and sandwiches. It also provides supervisory and administrative services for other license and franchise restaurants. The company was founded by W. Kent Taylor on February 17, 1993 and is headquartered in Louisville, KY.

Read More on TXRH:

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