Texas Roadhouse price target raised to $160 from $145 at Wedbush

Wedbush raised the firm’s price target on Texas Roadhouse to $160 from $145 and keeps an Outperform rating on the shares. Texas Roadhouse reported Q4 EPS above expectations due to a traffic-driven same-store sales growth beat, and its Q1-to-date SSS growth commentary was well above expectations, the analyst tells investors in a research note.