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Wedbush Reaffirms Their Buy Rating on Texas Roadhouse (TXRH)

In a report issued on February 11, Nick Setyan from Wedbush maintained a Buy rating on Texas Roadhouse (TXRHResearch Report), with a price target of $104.00. The company’s shares closed last Friday at $90.53.

According to TipRanks.com, Setyan is a 4-star analyst with an average return of 9.3% and a 52.2% success rate. Setyan covers the Services sector, focusing on stocks such as The ONE Group Hospitality, Papa John’s International, and Brinker International.

Currently, the analyst consensus on Texas Roadhouse is a Moderate Buy with an average price target of $101.70.

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The company has a one-year high of $110.75 and a one-year low of $76.65. Currently, Texas Roadhouse has an average volume of 841K.

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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.

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